I have taken a term plan for Rs. 60 lakhs from Bharti Axa. Today I came to know that Aegon Religare is offering it up to the age of 75 years, whereas, Bharti Axa is providing it till 65 years of age. Will it be wise to switch to Aegon Religare?
People usually take term plans to honour their financial needs. By 60 or 65, most of the people have their children settled and the demand for huge money generally cease to exist. I will not recommend you to change your term plan. Make investments to financially secure your family.