Is it better to keep my term life insurance?
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I applied for a term life insurance policy, paying ₹25,000–35,000 as an initial premium. After a medical examination, the premium went up by 70% because of my increasing weight. Although the agent suggests moving forward to prevent future insurance issues, I want to cancel my policy. Considering my age and the importance of affordability, should I pay this higher premium now or look at alternative term insurance options?
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That 70% premium jump is a major concern. Don't rush. Explore alternative term life insurance quotes. Match coverage and costs. If you can make lifestyle improvements, reapply in the future. Canceling it now to re-evaluate is a smart move for a budget-friendly policy.