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What is the term of coverage under insurance plans?

Different insurance plans have a different coverage tenure. The tenures of various plans include the following –

  • Life insurance – 5 years to 35 years
  • Health insurance – 1 year to 3 years
  • Bike insurance – third party plans – 1 year to 5 years; comprehensive plans – 1 year to 3 years or 5 years
  • Car insurance – third party plans – 1 year to 3 years, comprehensive plans – 1 year or 3 years