Term insurance without income proof?

[s.biswas256]

I want a term life insurance upto 80 lakh to 1cr. But, don't have income proof like 5LPA. But I'm able to pay the premium.

Is there any way to get life insurance from a reputed company like LIFE MAX or HDFC.

 

[ShavirB]

I want a term life insurance upto 80 lakh to 1cr. But, don't have income proof like 5LPA. But I'm able to pay the premium.

Is there any way to get life insurance from a reputed company like LIFE MAX or HDFC.

Don't think Insurance Company will agree, was facing similar problem couple of years back. Ultimately I had to wait to get to that income level before going ahead with the insurance.

Another strategy could be to take an insurance of lesser amount right now with an option to increase the cover in future. You can do this by getting a simple add on with your term insurance called 'Life Stage Benefit'