'Who Can Buy a Life Insurance Policy?' (72 Words)

Any person who has attained majority and is eligible to enter into a valid contract can insure himself/ herself and those in whom he/ she has insurable interest.

Policies can also be taken, subject to certain conditions, on the life of one's spouse or children. While underwriting proposals, certain factors such as the policyholder’s state of health, the proponent's income and other relevant factors are considered by the Corporation/ Life Insurance Company.