1 year and 5 year e-Visas

I am Jerry from the US.  I am new to Expat.com as well as new to India.  I expect to make my first visit to India starting in October and probably for 3 months.

Upon reviewing the e-Visa options, the 5 year e-Visa sounds most appealing to me.  My only concern about it is,  5 years is a very long time.  So I would expect it is harder to qualify for a 5 year than a 1 year.  Is that true?  Or is the only difference in the processing of the 2, the price?