Term Insurance
These insurance policies provide a high life cover at lower premiums and offer financial protection to the nominees in case of the policy holder’s death during the policy term.
Apart from being more affordable these policies provide full protection and financial stability to your dependents in case of unforeseen eventualities. Term insurance policies also offer a variety of riders to help safeguard against risks.
Why Term Insurance ?
- Helps secure your family’s financial future
- Protects your assets in your absence by providing a pay-out to pay off outstanding loans
- Safeguard against Lifestyle risks through critical illness protection
Who Should Buy?
- Working ProfessionalAssure that your dependents are financially secure even in you absence.
- ParentsSecure your child’s future in the event of any eventuality
- Business OwnersTerm Insurance will help secure your family against uneven source of income that depends on market ups and downs.
- TaxpayersPremiums paid for term insurance are deductible from taxable income under Section 80C of the Income Tax Act, 1961
- WomenAs women become equal partners in providing for their family a term insurance plan assure that your dependents are financially secure even in you absence.
Useful Info
Ideal Policy Term is
Expected Retirement Age
(or 60 years)-Your Current Age
Expected Retirement Age
(or 60 years)-Your Current Age
Ideal Sum Assured is Annul Income
* 10 times + loans /liabilities
* 10 times + loans /liabilities
Term Insurance can be
purchased in joint name
purchased in joint name
Age limit to buy a Term Insurance
Plan is 18 years to 65 years
Plan is 18 years to 65 years
Term Insurance plans offer
tax benefits under section 80C
tax benefits under section 80C
Policy Coverage can be increased
based on future milestones
based on future milestones
Most Popular Plans
ICICI Pru iProtect Smart
Comprehensive additional benefits: Option to choose Accidental Death Benefit and Accelerated Critical Illness Benefit
- Enhanced protection with coverage against death, terminal illness and disability
- Special premium rates for non-tobacco users
HDFC Life Click2Protect 3D Plus
HDFC Life Click2Protect 3D Plus Plan helps you to make your financial planning most reliable
- Life Cover of 1 Cr @ 521/Month*
- 3D Insure against Death, Disability and Diseases *
- Option of Whole of Life Protection*
Maha Raksha Supreme
Increase in cover at future milestone events in your life with Life Stage Plus Option, without the hassles of fresh medical underwriting*
- Life Cover up to Age 85 or option for Whole Life coverage (till age 100 years)*
- Inbuilt Payout Accelerator Benefit that advances 50% of Basic Sum Assured in event of a Terminal Illness diagnosis*
