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NewBie
How the maximum age at entry is calculated in any life insurance contract?
For example as per insurance plan, the maximum age at entry = 55.
Date of Birth (DOB) of the proposer is 01/04/1958.
1- So how this age of 55 is calculated?
2- Till when I am eligible to buy the above insurance plan?
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Moderator
Please first read the offer document.
But as a standard, the calculation happens this way - 55 years minus 1 day or 54 years 364 days. So as per above example, you are eligible till 31/03/2013.
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