I am 32 years old and I have a term insurance plan with cover of Rs 1.5 crore for which I pay a premium of 17000 yearly. I have the plan for 30 years. Will the premium amount change after a certain age or will I continue to pay the same premium as long as I continue without lapses?
You no need to worry. It will remain same as long as your policy alive. If the policy will lapse in future due to non premium payment, then they may again do the risk analysis and based on that they may raise the premium.
Hence, make sure that you do not miss the deadline of premium payment.