1. Can I add riders to my 25 year term plan?

Yes, you can add riders to your 25 year term insurance plan. Riders are optional add-ons that enhance your coverage and offer additional benefits. Including these riders allows you to customise your 25 year term life insurance policy to better meet your needs and provide extra financial protection for your loved ones. Do review the terms and costs associated with each rider before choosing them.

2. What are the payment options for buying 25 year term insurance online?

When buying a 25 year term insurance plan online, you can make premium payments through secure payment gateways. Accepted methods usually include NEFT, RTGS, IMPS, debit cards, credit cards, UPI, mobile wallets, etc.

3. What happens if I miss a premium payment on my 25 year term plan?

If you miss a premium payment on your 25 year term insurance plan, you will get a grace period during which you can make the payment without penalty. If you fail to pay within this period, the policy will lapse, resulting in the loss of coverage. However, there is a revival option, allowing you to revive your policy within a specific time frame. It's essential to check your policy details for specific terms regarding missed payments.

4. What are the tax benefits of buying a 25 year term insurance?

Buying a 25 year term insurance plan offers several tax benefits, which are as follows: Premium Deductions: You can claim tax deductions on the premiums paid under Section 80C [2] of the Income Tax Act up to a limit of ₹1.5 lakh per financial year under old tax regime. Death Benefit Exemption: The death benefit received is tax-free [3] . Maturity Benefits: If applicable (in case of Return of Premium plans ), the maturity amount is also tax-exempt under Section 10(10D) [2] .

5. Who should opt for 25 year term insurance?

A 25 year term insurance plan is ideal for young families, homeowners with mortgages, income providers, and individuals seeking affordable, long-term financial protection for their loved ones. In short, if you are looking for coverage for 25 years and want to provide financial security to your family in your absence, the 25 year term plan would be the right option for you.

6. What are the factors that affect the premium for a 25 year term plan?

The premium for a 25 year term insurance plan is influenced by factors such as age, gender, health status, sum assured, lifestyle choices, annual income, and any optional riders added to the policy [1] .

7. What are the eligibility criteria for buying 25 year term plan?

The eligibility criteria for purchasing a 25 year term insurance plan vary depending on the specific plan selected. Typically, both resident Indians and Non-Resident Indians can apply, provided they meet the minimum and maximum age requirements set by the insurance provider. For detailed eligibility information, it’s best to refer to the policy document of the chosen term plan.

Buy 25 Year Term Plan In India In 2025 At Affordable Premiums

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What is a 25 year term insurance plan?

A 25 year term life insurance plan offers financial protection for a set period of 25 years. The policy term is 25 years while you can choose your sum assured, premium payment term and frequency. In the case of premature demise of the life assured during the term, the plan pays a death benefit which can provide financial assistance to the family.

How does a 25 year term policy work?

When you buy a 25 year term life insurance policy, you choose the following details –

Sum assured: the coverage that you need to provide your family with adequate financial protection in your absence.
Premium payment period: whether single payment, limited payments, or regular payments throughout the policy term.
Premium payment frequency: whether monthly, quarterly, half-yearly, or annually—based on what suits you best.
Optional riders: You can also choose to add riders for an additional cost, which will expand the coverage of your basic policy.

The premium is calculated based on these details, as well as your age and other risk factors. You pay the premium per the chosen premium payment term and in the desired frequency. In the unfortunate event of your demise during the 25 year period, your nominee receive the agreed-upon death benefit. However, if you outlive the 25 year term, the policy typically does not provide a payout unless you’ve opted for a Return of Premium (ROP) plan, where the premiums you paid are refunded as a maturity benefit. The ROP is also offered as an optional benefit under some term plans, and you can choose this option to ensure a maturity benefit.

How do you calculate 25 year term insurance premiums?

The premiums of a 25 year term insurance plan depend on several key factors. Some of these factors are as follows^[1]:

Criteria	Description
Age	Younger individuals pay lower premiums for a 25 year term insurance plan compared to older individuals.
Gender	Premiums may vary based on gender, as women typically have longer life expectancies, often resulting in lower premiums.
Health condition	Your medical history plays a big role. A clean health record can reduce your premiums, while pre-existing conditions may increase them.
Sum assured	Higher coverage amounts lead to higher premiums.
Smoking and lifestyle habits	Smokers and those with high-risk lifestyles face higher premium rates.
Medical history	A history of serious illnesses could increase your premium cost.
Optional riders	Adding riders, such as critical illness or accidental death, increases the overall premium.

You can use the free online term insurance premium calculator to find the premium for a 25 year term insurance policy.

Steps to buy 25 year term plan online

Buying a 25 year term insurance plan online is a straightforward process. Here are the essential steps to follow:

Research: Start by researching various providers offering 25 year term life insurance. Compare different policies, benefits, and premium rates to find the best fit for your needs.
Use a Premium Calculator: Utilise an online premium calculator to estimate the cost of a 25 year term insurance policy based on factors like age, health, and coverage amount. This will help you understand what you can afford.
Select Coverage Amount: Determine the sum assured you want. Consider your financial obligations, such as home loans and education expenses, to decide on an appropriate coverage amount.
Fill Out the Application: Once you've chosen a policy, complete the online application form. You'll need to provide personal details, health information, and details about your lifestyle. Provide all supporting documents here, like Identity proof, address proof, age proof, photographs, medical records etc.
Choose Payment Options: Select your preferred premium payment frequency—monthly, quarterly, half-yearly, or yearly. Ensure the payment schedule aligns with your financial plan.
Review Optional Riders: Consider adding optional riders, like critical illness or accidental death benefit riders, to enhance your 25 year term insurance coverage.
Submit for Underwriting Approval: Once the details are filled in, the policy needs to go for underwriting approval by the insurer. Once the proposal is accepted, you can proceed to make the payment.
Make the Online Payment: Once the payment is processed, you would receive a confirmation email with the next steps.
Complete Medical Underwriting: Depending on the insurer, you might need to undergo a medical examination or provide additional health information.
Receive Policy Documents: Once your application is approved, you'll receive your policy documents via email. Review them carefully to ensure everything is accurate.

Any other document as required by the insurance company

Conclusion

A 25 year term insurance plan is an excellent choice for individuals seeking long-term financial protection for their loved ones. By offering affordable coverage and customisable options, a 25 year term life insurance policy ensures that your family's financial needs are met in case of unforeseen events. With flexible payment terms and the ability to include riders for enhanced coverage, this type of insurance provides peace of mind and security. Investing in a 25 year term insurance plan is a proactive step toward safeguarding your family's financial future.

Reference:

https://www.forbes.com/advisor/life-insurance/factors-affecting-rates/

https://cleartax.in/s/life-insurance-taxability

https://www.livemint.com/money/personal-finance/how-life-insurance-policies-are-taxed-11665145664260.html

25 Year Term Insurance Plan

What is a 25 year term insurance plan?

How does a 25 year term policy work?

How do you calculate 25 year term insurance premiums?

Age

Gender

Health condition

Sum assured

Smoking and lifestyle habits

Medical history

Optional riders

Benefits of buying 25 year term insurance plan online

Financial stability

Budget-Friendly

Debt Protection

Enhanced Coverage

Customisation and Choice

Effortless Access

Tax benefits

Steps to buy 25 year term plan online

Identity Proof

Age Proof

Address Proof

Income Proof

Medical History

Photographs

Why Bajaj Allianz Life Insurance ?

Claim Settlement Ratio^~

Get 1 Day Claim Approval^%

Stable Rating by CARE^$

Assets Under Management (AUM)^**

Number of Lives Covered^#

Solvency Ratio of 432%^{^}

Frequently Asked Questions

Customer Speaks

Popular Searches

25 Year Term Insurance Plan

What is a 25 year term insurance plan?

How does a 25 year term policy work?

How do you calculate 25 year term insurance premiums?

Age

Gender

Health condition

Sum assured

Smoking and lifestyle habits

Medical history

Optional riders

Benefits of buying 25 year term insurance plan online

Financial stability

Budget-Friendly

Debt Protection

Enhanced Coverage

Customisation and Choice

Effortless Access

Tax benefits

Steps to buy 25 year term plan online

Identity Proof

Age Proof

Address Proof

Income Proof

Medical History

Photographs

Why Bajaj Allianz Life Insurance ?

Claim Settlement Ratio~

Get 1 Day Claim Approval%

Stable Rating by CARE$

Assets Under Management (AUM)**

Number of Lives Covered#

Solvency Ratio of 432%^

Frequently Asked Questions

Customer Speaks

Popular Searches

Claim Settlement Ratio^~

Get 1 Day Claim Approval^%

Stable Rating by CARE^$

Assets Under Management (AUM)^**

Number of Lives Covered^#

Solvency Ratio of 432%^{^}