evidence: Generally, it is recommended to get one in your younger years since you will get lower premium rates. However, term plans are not restricted to people in their 20s. You can buy a 2 Crore term insurance plan at any life stage! [...] You can buy a 2 crore term insurance policy from any IRDAI-approved life insurance provider. This can be online or in person, depending on the insurer. We recommend going for online insurers like us to save on time and paperwork. [...] Individuals who do not pass the eligibility criteria will not be able to buy 2 Crore term insurance. For example, these can be people under 18 years or over 65 years. Moreover, while insurers cannot reject life insurance applications, they are allowed to reject applications on grounds of fraud or malpractice.