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I agree to the Terms of Usage and Privacy Policy. By submitting my contact details here, I override my NDNC registration and authorize ABSLI to contact me by phone/e-mail/SMS/WhatsApp. Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license. BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. ABSLI Nishchit Aayush is a non-linked non-participating individual savings life insurance plan (UIN No 109N137V05)

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Age Limit in Insurance

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Definition of Age Limit
The age limit in insurance refers to the maximum or minimum age at which an individual can apply for, or be covered by, a specific insurance policy. These limits can vary by the type of insurance, the specific policy, and the regulations of the insurance company or country.
Age Limit in Different Types of Insurance

Life Insurance

In Life Insurance, there's often an upper age limit for buying a new policy, usually between 65 and 75 years in India. However, some companies may offer policies to individuals beyond these ages, typically with higher premiums and lower coverage amounts. The policy's term length may also be limited for older applicants.


Health Insurance

For health insurance, there may be both lower and upper age limits. In India, most health insurance policies have an entry age of at least 18 years, though children can be covered under family floater plans from birth. The upper age limit for buying a new policy is typically around 65 years, although some policies may allow entry at older ages.


Car Insurance

Car insurance doesn't usually have an age limit for the policyholder, but age can affect the cost of insurance. Younger drivers, who are statistically more likely to have accidents, often face higher premiums.

Importance of Age Limit
Age limits in insurance are used by insurers to manage the risks associated with providing coverage. As people age, their risk of health issues increases, making them more likely to claim on health or life insurance policies. Therefore, older individuals often face higher premiums or stricter coverage limits. On the other hand, younger individuals, particularly in the context of car insurance, are viewed as higher risk due to their lack of driving experience. Understanding the age limits of different insurance policies can help individuals plan for their coverage needs at different stages of life.
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Buy ₹ 1 Cr Term Cover @Rs.492/month
for Salaried Individuals¹
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Buy ₹1 Crore Term Cover @ @Rs.492/month for Salaried Individuals¹
ABSLI Salaried Term Plan
Exclusively For Salaried Individuals
4 Plan Options
Life Cover upto 70 years
Optional Accelerated Critical Illness benefit
Inbuilt Terminal Illness Benefit
Life Cover
₹1 crore
Premium:
₹492/month¹
  • Disclaimer

    ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
    1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
    ADV/9/23-24/1979