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What is 35 Year Term Insurance Policy?

The longer the tenure of a term insurance plan, the better you are assured of a secure financial future for your loved ones. A 35-year plan can take of your financial worries and let you breathe easy as you navigate life’s milestones.

To delay is to regret

You may not always be around to take care of your family. And that’s when a term plan ensures your family is well protected.

Term Insurance


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Term Insurance

Should one invest in a 35-year term insurance policy?

35 Years Term Insurance
February 29, 2024


Those aged 18 to 65 can invest in a term insurance policy, but most individuals prefer to invest in plans up to 30 years. In case you are looking to safeguard your family as long as possible, why not go for a term insurance policy with a 35-year period?

Like any other term insurance policy, this one too works in the same manner. Payment of regular premiums ensure your loved ones receive a death benefit; in case you die during the policy tenure. This is a sure shot solution to protect your family, even when you are not around.

How does a 35-year term policy work?

Once the policyholder invests in a term policy with a 35-year period, it is mandatory for them to pay regular premiums to avail the benefits of the plan. In this case, a death benefit is offered if the life assured loses his life during the tenure. Even if the policyholder’s health deteriorates, the policy continues to function until premiums are paid. There is no maturity benefit that’s extended if the policyholder survives through the tenure, unless one opts for a term plan with a Return of Premium option, which allows policyholders to reap the maturity benefit if they survive the entire policy tenure.

The benefits of a 35-year term insurance policy

If you’re planning to purchase a term insurance policy that covers you for 35 years, here are a few benefits you should be aware of:  

  • Security for 35 years to the policyholder’s family, offering peace of mind. It is best to invest in the plan in case you are 50 years or younger.
  • Death benefit offered to the family; in case the policyholder dies during the policy term. It could be natural death, death by accident, or death due to critical illness.
  • Surrender benefit is offered if the policyholder surrenders the policy before the policy tenure ends
  • Helps in planning future financial needs
  • Income tax benefit under Section 80C of the Income Tax Act* as well as exemption from tax for the death benefit under Section 10(10D)
  • Offers option to add riders for an added layer of security
  • Affordable premiums to ensure coverage, without emptying the pockets of the policyholder. The premium may increase if the health of the policyholder is at high risk

Is there any way to calculate 35-year term life insurance premiums?

The premium is calculated based on a range of factors, including the age of the policyholder, family size, annual income, sum assured, medical history, and if they have a history of smoking or any other major health risks. If someone has greater health risk, be prepared to pay a higher premium.


1. Who should avail the 35-year term insurance policy?

It is a wise decision for those who are younger or up to 50 years of age to apply for the policy.

2. Does one receive a maturity benefit if the policyholder survives during the tenure of the 35-year term insurance plan?

No. If the policyholder survives the term, they do not receive any maturity benefit.  

3. Can cancelling the policy before the end of the tenure attract a penalty?

There is no such clause. Cancelling the policy before the tenure does not attract any penalty.

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.