← Top stories
● Neutral for Indian equities
Buying term insurance in your 20s vs 30s vs 40s: How age, health and family responsibilities affect your cover needs
The brief
- Buying term insurance earlier can mean lower premiums
- Cover needs depend on age, health, lifestyle, financial responsibilities and liabilities
- Life insurers and insurance distributors may see demand shaped by consumers’ cover needs and purchase timing
- Life insurance savings policies could deliver up to 1% higher returns if IRDAI’s proposed distribution reforms are implemented
- IRDAI’s proposed distribution norms ruffle feathers of LIC agents, broker body
- Coverfox founder, brokers raise concerns over IRDAI insurance distribution overhaul
- IRDAI pushes LIC, SBI Life to seek further cost efficiency
- IRDAI’s commission crackdown: Why insurers may cope but distributors face a tougher test