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Online term insurance purchasing guide for senior citizens

March 16, 2019
Age is just a number. And, it will hold true all the more when senior citizens will also be able to term insurance plan. Now senior citizens can buy a term plan. Most of these plans won't seek any medical examination while the application procedure will be underway. You will have to just answer simple questionnaire on health and you shall be through.

That at the time of retirement, you will have financial independence and may even be able to sponsor for your family, what more would you need?As a senior citizen, seeking financial aid from family or friends, or taking a debt, would be the last thing on your mind. An insurance cover does just that. It provides you with your own money that you can use at the time of your retirement, keep aside for your funeral, and may be even help your near and dear ones in their hour of need.

If you are worried how to choose what insurance plan. Then, you need not to have think twice. HDFC Life offers online comparison of plans that you can choose as per your needs. You can even calculate your premiums, and do a comparison of affordable term insurance plans. Online application has made life easier, as all you would be required to do is just apply for the policy, upload your documents, pay and you are through.

As you mature, your policy protection requirements also change. As you will have less financial obligations at the time, you can easily opt for plans that can help with your well-being and your demise. Many companies offer affordable and cheap term insurance covers to choose from. Whether you are 80 or 50, insurance companies will provide you options that will be easy to maintain for you and make you financially independent.

You don't have to go anywhere. Sitting from the comforts of your home, you can do a recce of the all the online insurance providers, and do a comparison to come to decision.

Points to note:

  • Check online and compare quotes
  • Look for age eligibility
  • Seek policies with minimal paperwork
  • Keep all your documents ready
  • Do a market check of which policy/plan is doing better and how

Make a wise choice however old you are. Do not be left out by the technology revolution when you can easily be a part of it and do your own work.

HDFC Life offers various term insurance plans that seek to secure the financial future of your loved ones. For details, click on the mentioned link: https://www.hdfclife.com/term-insurance-plans.

 

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.