Buying term insurance - Do I need to submit income proof?

[vidul]

I am looking for term insurance for myself. I am looking for Sum Insured of 10-20 lacs. I have following queries -
1- Do I need to submit income proof?
2- Is there any term plan in which there is paid up option?

Thanks,
Vidul

[tigershark]

1- Yes.
2- Paid up means what here?

[PolicyWala]

2- Is there any term plan in which there is paid up option?


I think he is taking about return of premium term insurance plan?

[vaibhav45]

You don't need to give income proof.

Return of premium term insurance plan?
You can opt for MaxLife Premium return term plan. This plan gives life protection along with premium back guarantee.

[nirad.singh]

No you dont need to submit income proof .