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

  1. #1
    NewBie
    Join Date
    Dec 2012
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    India
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    Default Buying term insurance - Do I need to submit income proof?

    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



  2. #2
    PW Fan tigershark's Avatar
    Join Date
    Apr 2009
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    Jaipur
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    91

    Default

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

  3. #3
    Super Moderator PolicyWala's Avatar
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    Feb 2009
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    New Delhi
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    675

    Default

    Quote Originally Posted by vidul View Post
    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?

  4. #4
    NewBie
    Join Date
    Sep 2013
    Location
    India
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    7

    Default

    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.

  5. #5
    NewBie
    Join Date
    Feb 2014
    Location
    New Delhi
    Posts
    4

    Default

    No you dont need to submit income proof .


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