Time value in put options will, please, understand, one, interest

richer

Could anyone please explain the below:

"If volatility is high & interest rate low, the extra time value will be the dominant factor and the longer term put would be more valuable"


As far as I can understand this:

When volatility goes up, options become more valuable & if interest rates are low, put option would loose value & given that, longer term one holds the option, more are the chances of the holder gaining.