What is per day premium?

A number of companies have begun to market their term plans by sharing the price per day, such as – buy 1 crore term life insurance only for Rs. 25 a day. You must know that these numbers are applicable only for a particular tenure of policy and a certain age group. For example, such a policy amount would be suitable for the clients who are 25-year-old and have opted for a policy of forty years. How much the policy will cost you each day would depend on you age, medical health, and term of the policy.