High net-worth individuals (HNIs) are prioritising protection for themselves and their dependents from unexpected adversities by buying substantial term insurance cover. Life insurers are offering customised policies to HNIs offering coverage avenues tailored for wealth preservation and legacy security.
A notable aspect contributing to the attractiveness of term insurance in Indiais its affordability despite providing substantial coverage. The monthly premiums for significant coverage, like Rs 5 crore, often ranges from Rs 3,000 to Rs 3500, making it a cost-effective way for HNIs to ensure robust lifecoverage.
