Call us
You can reach us directly on the
below toll-free numbers
below toll-free numbers
Have Not Paid Yet (Sales)
Have Already Paid (Service)
For NRI’s
Office Hours - 10:00 AM to 09:00 PM (IST)
Use Registered No. Only*
Use Registered No. Only*
Term Insurance
Get an online discount of upto 10%+
1 Crore life cover at ₹490/month+
Get insured from the comfort of your home
No Medical Tests Required+COVID - 19 covered
Know More about life insurance
Term Life Insurance
- Term Life insurance provides coverage for a fixed period of time at a fixed premium rate.
- In case of untimely death of the life insured during the policy term , the nominee of the life insured gets the Total Payout/Benefit. The benefit can be paid out as a lump sum payout or a combination of Lump sum & Monthly payout or only as a Monthly payout.
- Therefore Term insurance plans are said to be pure protection plans which ensure financial stability of the dependants in case of untimely death of the life insured.
Benefits of Term Life Insurance
- Death Benefit: In the unfortunate event of death of life insured during policy term, the nominee shall receive the Total Payout as a Lump sum amount or a combination of Lump sum & Monthly amount.
- Lump sum amount to take care of immediate financial liabilities.
- Monthly income to sustain the family lifestyle.
- Tax Benefit: The premiums paid for Term Life Insurance are Tax free under section 80(C) upto an amount of Rs 1,50,000.
- Rider Benefits: Riders are an important addition to the basic plan offering & provide an option to customize the coverage to the life insured.
- Accidental Death Benefit rider offers an additional sum assured over the base plan offering in case death occurs due to an accident.
- Accidental Disability rider offers an immediate lump sum payment on occurrence of any disability due to an accident.
- Critical Illness rider offers an additional sum assured over the base plan offering if the life insured is diagnosed with one of the critical illnesses mentioned in the rider.
- Waiver of Premium rider offers the waiver of all policy premiums in case the life insured is diagnosed permanent disability or critical illness.
- Option to increase Death benefit: Certain plans have offerings where the life insured can increase the life cover at key stages in life like marriage , birth of child.
Key Terms when comparing Term Life insurance plans
- Total Payout of each plan
- Premium amount paid for desired Total Payout
- Policy term offered
- High claim settlement ratio
- Riders offered with the plan