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Does the premium of term insurance change by the time?

No, it will not. You have to pay a fixed premium for the whole tenure to keep your policy active. Usually, premium changes when it comes to other insurance products, but under a term insurance plans, there will be a fixed premium which will not change till the end of the policy. The premiums are based on the information that the insurer has provided at the time of taking the policy.
Asked by Sunil Bhosale on 04 Feb, 2019 in Term Insurance
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No, it will not. You have to pay a fixed premium for the whole tenure to keep your policy active. Usually, premium changes when it comes to other insurance products, but under a term insurance plans, there will be a fixed premium which will not change till the end of the policy. The premiums are based on the information that the insurer has provided at the time of taking the policy.

04 Feb, 2019
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