You made the promise to stand by your family, and life insurance will help you keep it. No matter what the circumstances. Because when it comes to the people you love, their happiness comes Sabse Pehle.
Benefit Items
Icon
Title
Start Early, Stay Protected for Longer Period
Icon
Title
High Coverage, Low Premiums, and Tax Benefits
Icon
Title
Easy to Buy, Flexible Terms, Hassle-Free Payments
Benefits Image
Description
You made the promise to stand by your family, and term life insurance will help you keep it. No matter what the circumstances. Because when it comes to the people you love, their happiness comes Sabse Pehle.
As the name suggests, the coverage value increases as time passes by a fixed percentage annually. This helps beat the rising cost of living for families.
Allows you to convert your term policy into another type of life insurance (like whole life or endowment) at a later stage, without fresh medical tests.
This type of life insurance policy offers insurance coverage for a group of people within a single policy. Big organisations offer this plan as a perk to employees.
It’s a basic term plan that can be enhanced with riders for critical illness, accidental death, waiver of premium, or disability cover for extra protection.
A term life insurance plan is known to be the best and most affordable form of life insurance. It acts as a financial shield for your family in case of your untimely death during the policy term. The family, through your decided nominee, simply receives a fixed sum assured in such cases.
A term life insurance acts purely as a protective wall. Unlike traditional life insurance or investment-linked policies, maturity benefits or returns are not the key benefits of this plan. Due to this, it offers flexible and low-premium options and is a smart choice for long-term protection.
Due to a low risk factor, the premiums are lower at a young age. Hence, it is recommended to purchase a term insurance policy at a young age.
Factor Type Title
Gender
Factor Type Description
Based on the longer life expectancy rate of women, the premiums for them are comparatively less as compared to those of men.
Factor Type Title
Occupation
Factor Type Description
The nature of jobs decides the premium rate. People with jobs that have life-threatening risks tend to pay high premiums compared to low-risk professions.
Factor Type Title
Medical History
Factor Type Description
A person’s medical history is a key deciding factor for life insurance premiums. Pre-existing conditions or family illness may increase premium costs.
Factor Type Title
Smoking and Alcohol Consumption
Factor Type Description
Regular consumption of cigarettes and alcohol raises premiums due to increased health risks.
Factor Type Title
Policy Duration
Factor Type Description
If you opt for a longer term, the premiums tend to increase. But this also means extended coverage and protection for your loved ones.
Factor Type Title
Premium Payment Mode
Factor Type Description
As a policyholder, you may pay premiums monthly, quarterly, half-yearly, or annually. But premium charges increase for monthly dues instead of annual plans.
Factor Type Title
Riders and Add-ons
Factor Type Description
Including extra protection means extra premium charges. Additional riders for illnesses, accidents, waivers, also mean additional premium charges.
Heading
What are the Factors That Impact Your Term Insurance Premiums?
Desktop Image
Title 2
Your Term Life Insurance knowledge is complete.
Mobile Image
Description
Welcome to the community of financially informed individuals who value security, trust, and smart planning. Share your certificate and inspire your circle to prioritize financial awareness.
Downloadable Image
Title 1
Congratulations!
Desktop Image
Title
How to Buy a Term Life Insurance Plan?
Mobile Image
How To Buy Details
FAQ question
Assess Your Needs
FAQ Answer
Based on your family’s needs, decide the amount of your life cover. Ensure that you consider loans, liabilities, and future goals.
FAQ question
Lock on a Term
FAQ Answer
Choose your policy term based on your age and financial goals. The coverage can extend up to your 60s, 70s, or even 99 depending upon your requirements.
FAQ question
Compare and Consult
FAQ Answer
With so many insurers and plan options available, choose the one that fits your needs—after considering every factor that matters.
FAQ question
Add Riders
FAQ Answer
Term insurance riders for critical illnesses, permanent disability or accidents can be availed for extra safety against unfortunate conditions.
FAQ question
Fill a Form
FAQ Answer
Accurately fill out the proposal form with your personal, financial, nominee and medical details. This information will decide the specifics of the term policy.
FAQ question
Start Paying Premiums
FAQ Answer
According to the agreed terms, kick-start your insurance by making the first premium payment.
FAQ question
Add a Nominee
FAQ Answer
Assign a nominee. They will be the person to receive the sum assured or life cover in case of your (policyholder’s) unfortunate demise.
Benefits of Term Life
Desc
It is important to choose a term insurance plan that best suits your needs. You can follow these simple steps to choose the best term insurance plan:
Benefits Heading
How to Choose the Right Term Life Insurance for Yourself?
In Popular Searches
Off
Term life details
Benefit Icon
Benefit Title
Evaluate Your Needs
Benefit Description
Decide how much coverage you need based on your income, loans, dependents, and long-term goals.
Benefit Icon
Benefit Title
Compare Plans
Benefit Description
Look at multiple insurers to find the best balance of coverage, premium, and features.
Benefit Icon
Benefit Title
Check the Credibility of the Insurer
Benefit Description
Choose a trusted insurer with a strong reputation and years of experience in the market to ensure that you get the best deal.
Benefit Icon
Benefit Title
Review Customer Experience
Benefit Description
Read reviews and testimonials to understand how policyholders feel about their service.
Benefit Icon
Benefit Title
Check the Claim Settlement Ratio
Benefit Description
Make sure that you go through the claim settlement ratio of the insurer. It acts a solid proof of credibility for such financial decisions.
Benefit Icon
Benefit Title
Choose Multiple Payout Options
Benefit Description
Select a plan that allows payouts as a lump sum, monthly income, or a combination, based on your family’s needs.
Benefit Icon
Benefit Title
Check the Solvency Ratio
Benefit Description
This shows the insurer’s financial health. A ratio above 1.5 (as per IRDAI norms) ensures they can meet claim obligations.
What Are the Different Modes of Buying a Term Life Insurance Plan?
Desktop Image
Title
What Are the Different Modes of Buying a Term Life Insurance Plan?
Mobile Image
How To Buy Details
FAQ question
Online from Insurer
FAQ Answer
Buy directly from the insurer’s website, usually at lower premiums and with faster issuance.
FAQ question
Online Aggregators
FAQ Answer
Aggregator platforms where you can compare features, premiums, and claim ratios across insurers.
FAQ question
Insurance Agents
FAQ Answer
Sell policies of one insurer, guide you through paperwork, and provide personal assistance.
FAQ question
Insurance Brokers
FAQ Answer
Independent intermediaries licensed by IRDAI who can sell policies from multiple insurers and help with comparisons.
FAQ question
Bancassurance (Banks)
FAQ Answer
Banks tie up with insurers to offer life insurance alongside regular banking services.
FAQ question
Group Insurance
FAQ Answer
Coverage provided by employers as part of employee benefits, typically group term insurance.
FAQ question
Walk-in at Insurer’s Branch
FAQ Answer
Visiting the insurer’s branch office to buy a policy face-to-face.
