High-value term insurance works for the wealthy

FOR HIGH-NET-WORTH individuals (HNIs), term insurance is not just about income replacement. It is about ensuring financial continuity and protecting a lifestyle that has taken years to build.

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Many insurers now offer a Return of Premium (ROP) option, under which all premiums paid are refunded at the end of the policy term if no claim is made. This addresses the longstanding concern among affluent customers who prefer not to see premiums as a sunk cost.

A term plan offers immediate, tax-free liquidity, allowing families to meet short-term needs without distress sales. The right sum assured should not be seen as a number on a policy document. It should represent your earnings, liabilities, aspirations, and the standard of living your family maintains.

New-age advantage