Change the frequency of payment for my policy

Hi All,
I have one Life Insurance from private life insurance company. Due to some financial difficulties I want to change the frequency of payment for my policy? Is it possible.

Thanks in advance!
R Sharma

Yes, you can change the premium frequency from low (annual) to a higher frequency (bi-annual or monthly) or vice-versa.

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Originally Posted by rsharma

Hi All,
I have one Life Insurance from private life insurance company. Due to some financial difficulties I want to change the frequency of payment for my policy? Is it possible.

Thanks in advance!
R Sharma

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Always go with annual premium option than you would have to pay less premium for the same coverage.