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Can the policy not extend above 10 years, taking into cognizance the age barrier?

April 26, 2017age barrier cognizance EXTEND policy taking

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Can the policy not extend above 10 years, taking into cognizance the age barrier?

1 Answer

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It could actually extend beyond 10 years as long as the age of the assured does not exceed 54 years at exit. Because it is a 5 year renewable term plan, we are careful not to sign on anyone above 49 years as the premium will be too inadequate to support the risk he/she will be bringing to the pool.