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How do you become eligible to get a term insurance ?

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on January 05,2022

Dear 

To avoid moral hazard ,Term insurance eligibility :

  1. Income generation - Income proof like ITR or Bank statement with regular credits 
  2. Education 
  3. Reason of  purchase 

All companies insist on primary active income generation for example rent or interest is considered as passive income .

Hope this clarifies

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