Normally, term insurance is fixed — once you decide the cover amount, it stays the same until the policy ends. So, if you bought a policy for ₹1 Crore a few years ago, it will still be ₹1 Crore, even if your life changes and you need more coverage.
But with a life stage benefit, you can increase your cover when big life events happen — like getting married or having children. This way, your policy grows as your responsibilities grow.
If you think you’ll have more dependents in the future, choosing a life stage benefit is a smart move. It gives you the flexibility to protect your loved ones better as your life changes.
If you need help shortlisting a good term policy or if you want to talk about your coverage amount, talk to our IRDAI-certified experts for free.