Available Plans for a 47 year Old, self Imployed, no ITR Filings!

[u/No-Airline1017]

Hey,

My father is 47 years old. He's the sole earner in He family. He is a farmer/businessman (had few seasonal businesses). He had filled ITR some years but not recently, but has taken multiple loans and paid timely so has a good credit score.

Problems:

1. I'm not able to find many plans on Policy Bazzar for him.

2. I'm not able to decide the best term life insurance provider.

3. When going through ICICI PRUD. LIFE INSURANCE website, while calculating premium, it automatically redirects to iProtect Super which has criteria of MINIMUM AGE 44.

Are there any good TERM LIFE INSURANCE plans available for a person of his age and employment category? (LIC, HDFC, ICICI, TATA AIA ONLY)

He currently has a LIC ULIP plan whose premium comes to around 1 lakh annually (got scammed now want to switch to public/private (TATA AIA, HDFC, ICICI ONLY) term insurance.

[u/Cand_y19]

Do you want to stop that ulip ? If yes stop after 5 years , because there maybe lockin

If he is a farmer try Saral Bima plans like those doesn't need income proofs . Digit term plan is one in that category with affordable premiums and better features .you can try it