Term insurance provides a financial safety net for your family in case of your untimely demise. Ensure they maintain their lifestyle, pay off debts, and cover daily expenses without financial strain.
Secure your family's future even in your absence. Affordable premiums, maximum protection.
Comprehensive protection for your family's financial future
Term insurance offers significant coverage at affordable premiums, making it accessible to individuals from all income groups. This affordability ensures that everyone can secure their family's financial future.
As the cost of living continues to rise, term insurance becomes increasingly essential. It helps your family manage future expenses and ensures financial security in your absence.
Term insurance offers tax benefits under Section 80C of the Income Tax Act. Premiums paid towards term insurance policies are eligible for tax deductions, providing additional savings.
Knowing that your loved ones will be financially protected in your absence can relieve stress and allow you to focus on living your life to the fullest.
Ensure your family isn't burdened with repaying debts such as home loans, car loans, or personal loans. Term insurance provides a financial cushion for these liabilities.
Return of premium life insurance returns a portion of the cumulative premiums paid if the insured outlives the policy's term, making it a smart investment.
Choose the payment plan that works best for you
Pay premiums until the desired age
Fixed payment period (3-5 years) — more affordable
One-time payment for entire coverage — most economical
Common questions about term insurance answered
Term insurance is a pure life insurance policy that provides coverage for a specific period (term). If the policyholder passes away during this term, the nominee receives the sum assured. It's the most affordable form of life insurance.
A general rule is to have coverage of 10-15 times your annual income. However, you should also consider your outstanding loans, future expenses like children's education, and your family's lifestyle requirements.
The earlier, the better! Buying term insurance in your 20s or early 30s gives you lower premiums (up to 50% cheaper) and easier approval. As you age, premiums increase and health conditions may limit coverage options.
Term insurance provides pure protection for a specific period with no maturity benefit. Traditional life insurance (endowment/money-back) combines insurance with savings but offers lower coverage at higher premiums. For pure protection, term insurance is more cost-effective.
Most insurers allow you to increase coverage through top-up options or riders. However, this usually requires additional premium payments and may involve fresh underwriting based on your current health.
Riders are add-on benefits like critical illness cover, accidental death benefit, or waiver of premium. They enhance your base policy at additional cost. We help you choose riders that match your specific needs.
