The maximum age limit for buying a term insurance will differ among the various products offered. Among the products offered by Canara HSBC Oriental Bank of Commerce Life Insurance, a person can purchase a term insurance plan till the age of 65 years and can choose the risk coverage for up to 99 years of age.
Term insurance is a part of life insurance that financially protects the individuals and their loved once in case the policyholder demises untimely. Just like any other insurance policy, a term life insurance plan also holds a maximum and minimum age limit.
However, it is important that people must always scrutinize these term plans according to the age of the insured person as the premium amount varies with age in most offerings.