The ideal age that we advise you to buy insurance is as soon as you turn 18 years old. This helps you accumulate the cumulative benefits over a period of time, so that you can enjoy higher maturity benefits by the time the policy matures.

The Earlier you Purchase the Plan, the Better it is For You

When it comes to deciding when to buy, the younger you are when you buy life insurance, the better. Here’s why we highly recommend that you purchase life insurance premiums as early as you can.

When you purchase life insurance at a young age, you enjoy lower premiums. As you get older, you are more likely to have health problems, making you a high risk customer for the insurance company. As a result, the insurer charges you higher premiums. In some cases, you may even be ineligible for a plan after a certain age.

The Ideal Time to Purchase Insurance is Soon as you Start Earning

As the younger generation are faced with mortgages, car payments, and student loan debt, they tend to put off buying life insurance. While dealing current debt is critical, missing out on buying life insurance at a young age has a significant economic impact, much like delaying saving for retirement. The sooner you purchase it, the better.

Popular Links

Related Q&A

Credit Card By Bank

Credit Card Customer Care

Personal Loan Customer Care

Home Loan Customer Care

Popular Bank IFSC Codes

Gold Rate Today

Silver Rate Today

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application