In India, the minimum entry age for most standard term insurance plans is 18 years for an independent policy. The maximum entry age is usually around 60 to 65 years, although this varies by insurer, product, policy term, sum assured, premium payment option, and underwriting requirements.
It is important to understand the distinction between entry age and coverage age. Entry age is the age at which you may buy the policy. Coverage age means the age up to which the policy may continue. For instance, a plan may allow entry up to age 65, but the coverage may extend beyond that age if the product offers a longer policy term or a whole-life-style variant.
| Age criterion | Typical range |
|---|---|
| Minimum entry age | Usually 18 years |
| Maximum entry age | Usually 60 to 65 years |
| Policy term | Usually 5 to 40 years, depending on the product |
| Maximum coverage age | Depends on the product and insurer |
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