Best Term Insurance Plan
Life Insurance is an agreement by which the insurance company undertakes to give a lump sum assured amount to the nominee on the policyholder's sudden death during the policy term, against payment of recurring/fixed/single premium. A few plans pay sum assured plus vested bonus as maturity benefit at the time of maturity.
Protect Your Family with Term Insurance
Why Term Life Insurance?
The life of the bread winner of a family is very important, if any unfortunate death due to accidents, sudden illness happens to the bread winner, it collapses family’s financial requirements and lifestyle, so every bread winner needs to protect their financial life through pure Term Insurance, adequately.
Adequate means higher sum insurance with low premium.
Eg. 1 crore sum assured premium on pure term for an age of 30 years and premium paying term on regular basis up to age 60 - Rs.8000/- per year You require life insurance to:
Give your family financial assistance upon premature death- Cover the educational and other future expenses of your children
- Handle lifestyle needs and unforeseen financial crises
Types of Life Insurance Plans
Understand the various types of life insurance plans available in India.
Term Insurance Plans
Pure protection: High coverage at low premiums. Nominee receives full sum assured on policyholder's death during term.
Whole Life Plan
Lifetime coverage up to age 99 with maturity benefits. Combines savings and insurance protection.
Endowment Plan
Insurance with savings: Sum assured + vested bonus on death or maturity, plus additional bonuses.
Money Back Plan
Endowment with periodic payouts (every 3-5 years). Full sum assured + bonuses on death; balance + bonuses on maturity
ULIP (Unit Linked Insurance Plan)
Market-linked investment + insurance. Maturity benefits depend on equity/debt fund performance chosen.
Retirement / Pension Plans
Invest for assured lifetime or fixed-period pension returns based on the plan selected.
Advantages of Term Insurance Plan
Discover the key advantages of choosing a term insurance plan.
- Opt for a higher sum assured based on your income.
- Loan Protector: Safeguards your loans comprehensively.
- Flexible Premium Terms: Single, 5/10/15 years, or regular payments.
- Life Cover at Coffee Cost: ₹1 Crore for 30-year-old costs just ₹22/day (regular premium).
- Tax Benefits: Premiums qualify under Section 80C; benefits under 10 (10D).
Add-on Covers / Riders in Term Life Insurance
Add on strength to your life insurance policy with riders that offer extra protection
Accidental Death Benefit (ADB) Rider
On accidental death during policy term, nominee receives up to double sum assured (base + accidental cover).
Critical Illness (CI) Rider
Covers 20-64 critical illnesses. Lump sum paid upon diagnosis, as per policy terms & conditions.
Terminal Illness Rider
For terminal illness with limited life expectancy, sum assured (or part) paid early for treatment.
Regular Income Rider
Provides monthly/periodic payouts to family on death/disability, instead of lump sum — for steady expense management.
Accidental Disability Benefit Rider
Lump sum or regular payouts if permanent total disability and loss of earning capacity due to accident.
Waiver of Premium Benefit Rider
Future premiums waived due to critical illness, permanent disability, or terminal illness — policy continues with full benefits.
Simple & Quick Claim Process
We offer a fast, transparent, and convenient Term insurance claim process in 4 easy steps:
Emergency/Planned Hospitalization Inform immediately
Contact our help desk immediately about death/accident/critical illness.
Death Claim
Submit your claim documents with us along with a death certificate and the list of documents required,Team will coordinate with Insurance Co to get the claim settlement to the nominee/legal haires
Critical Illness Claim
Submit your claim documents with us along with a medical certificate and the list of documents required,Team will coordinate with Insurance Co to get the critical illness claim settlement.
Terminal Illness Claim
Submit your claim documents with us along with a medical certificate and the list of documents required,Team will coordinate with Insurance Co to get the terminal illness claim settlement.
Regular Income Rider Claim
Submit your claim documents with us along with a death certificate/permanent total disability certificate and the list of documents required,Team will coordinate with Insurance Co to get the critical illness claim settlement.
Accidental death Claim
Submit your claim documents with us along with a death certificate, FIR and the list of documents required,Team will coordinate with Insurance Co to get the death claim settlement
Waiver of premium Claim
Submit your claim documents with us along with a medical certificate and the list of documents required,Team will coordinate with Insurance Co to get the waiver of premium claim settlement
Frequently Asked Questions
Know how term life plans protect your family.
What is a Pure Term Life Insurance?
Pure term life insurance is a pure risk protection plan. In case of death (except suicide in first 12 months or revival of lapsed policy) during the policy period, sum assured is paid to the nominee. No maturity benefit.
What is Human Life Value?
The value of human life cannot be measured. Human Life Value (HLV) estimates the economic value of a person's life—how much money your family would need if you're not around, based on income and responsibilities.
How Much Term Life Insurance Coverage Should I Choose?
A general guideline is 10–25 times your annual income. Consider children's future education, outstanding loans, and current lifestyle expenses.
Is Medical Test Compulsory for Term Life Insurance?
Yes, medical tests are required for term plans. Some insurers may allow non-medical underwriting based on age, lifestyle, and health disclosures.
What Happens If I Miss Paying Term Insurance Premiums?
Policies offer a 15–30 day grace period based on policy conditions. If unpaid, the policy lapses but can be revived per terms and conditions.
Can People in Villages or Remote Areas Get Term Life Insurance?
Yes, there is no restriction. Contact us for assistance.
What Are Popular Term Life Insurance Riders in India?
- Accidental Death Benefit Rider
- Critical Illness Rider
- Waiver of Premium Rider
- Permanent Total Disability Rider
Do Term Life Insurance Premiums Vary by Geographic Location?
Not significantly. Premiums depend on age, health, lifestyle, and sum assured.
Can Misrepresentation or Non-Disclosure Affect Term Insurance Claims?
Yes. Non-disclosure of material facts can lead to claim rejection. Always disclose truthfully in the proposal to avoid rejection.
Are Term Life Insurance Premiums and Benefits Tax-Exempt in India?
Yes. Premiums qualify for deduction under Section 80C, and benefits under Section 10(10D) as per the Income Tax Act.
