Life Insurance

Paisa Loans – Life Insurance Eligibility 🛡️✅

To ensure that your family’s future is financially secure, you can easily apply for Life Insurance with Paisa Loans. Below are the general eligibility criteria:

✅ Age Criteria

• Minimum Age: 18 years

• Maximum Age: 65 years (at entry)

• Coverage up to: 75 or 80 years (varies based on the plan)

✅ Who Can Apply?

• Salaried individuals

• Self-employed professionals

• Business owners

• Homemakers (with insurable interest)

• NRIs (for select plans)

✅ Medical & Financial Eligibility

• May be subject to basic health check-ups depending on age and coverage amount

• Income documents may be required for high-value policies

• Existing loan borrowers can opt for Credit Protect Plans to cover liabilities

📢 If you have dependents, you’re eligible! Apply for Paisa Loans Life Insurance and protect your family’s tomorrow—today. 🛡️💙

Paisa Loans – Life Insurance Fees & Charges 🛡️💰

When you choose Life Insurance with Paisa Loans, we ensure transparency in all charges involved. Here’s a breakdown of typical fees and charges applicable on life insurance policies:

💸 Premium Payment

• Based on Age, Sum Assured, Tenure, and Health Condition

• Can be paid monthly, quarterly, half-yearly, or annually

📑 Policy Issuance Charges

• Generally included in the premium

• No extra cost unless specified under specific plans

🔄 Policy Administration Charges

• May apply monthly or annually (depending on the plan)

• Typically a fixed amount or a percentage of the sum assured

❌ Surrender/Discontinuance Charges

• Applicable if policy is surrendered before the lock-in period (usually 3–5 years)

• Charges vary from ₹250 to ₹1000 depending on tenure and premiums paid

💳 Rider Charges (Optional)

• Additional premiums for critical illness, accidental death, disability riders, etc.

📉 Mortality Charges

• Deducted monthly and calculated based on age and risk profile

🏛️ GST and Statutory Taxes

• 18% GST applicable on premiums, as per government regulations

📢 Note: All charges are clearly mentioned in the policy brochure. Choose Paisa Loans for honest pricing and comprehensive life protection.

💬 Need help choosing the right plan? We’re here to assist you every step of the way.

Paisa Loans – Life Insurance Documentation 🛡️📄

Applying for a Life Insurance policy with Paisa Loans is simple and requires minimal paperwork. Below is the list of documents typically needed:

✅ Identity Proof (Any one of the following):

• Aadhaar Card

• Passport

• PAN Card

• Voter ID Card

• Driving License

✅ Address Proof (Any one of the following):

• Aadhaar Card

• Passport

• Utility Bill (Electricity, Water, or Gas – not older than 2 months)

• Bank Statement with Address

• Driving License

✅ Income Proof (For high sum assured or term insurance plans):

• Latest 3 months’ salary slips (for salaried individuals)

• Last 2 years’ ITR / Form 16

• Bank statements (last 6 months)

• Business financials (for self-employed applicants)

✅ Photographs

• Recent passport-sized color photograph

✅ Medical Reports (If required)

• Only applicable for certain age groups or higher sum assured policies

📢 All documents must be self-attested before submission.
Choose Paisa Loans Life Insurance for a secure future and a smooth, paper-light process!