Level Term Plan
A fixed sum assured throughout the policy term. The most popular and most affordable option.
Term Life Insurance
Your family's future, secured
Term insurance is the simplest, most affordable way to make sure your family can pay the home loan, fund the children's education and maintain their lifestyle even if you're not there. We help you choose the right cover and insurer.
- High life cover at a low premium
- Compare claim track records and plan features across insurers
- Your family gets our help at claim time
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Types of Cover
Plans & payout options
Term plans are pure protection: if the insured person passes away during the policy term, the nominee receives the sum assured.
Return of Premium
Premiums paid are returned if you survive the term. Costs noticeably more than a regular term plan.
Increasing Cover
Sum assured increases each year to keep pace with inflation and your growing responsibilities.
Monthly Income Payout
Your family receives the benefit as a monthly income (or lump sum + income) instead of one payment.
Critical Illness Rider
A lump sum on diagnosis of a listed critical illness, over and above life cover.
Waiver of Premium
Future premiums are waived if you become disabled or critically ill, and the cover continues.
Know Your Cover
What's covered, what's not
A general guide. Exact cover depends on the insurer and plan, and we walk you through the policy wording before you buy.
Usually covered
- Death due to any cause during the policy term, including illness and accident
- Accidental death benefit (additional payout with a rider)
- Critical illness or disability benefits with riders
- Terminal illness benefit on many plans
Usually not covered
- Suicide within the first 12 months of the policy (a portion of premiums is usually refunded)
- Death from non-disclosed pre-existing conditions or incorrect information in the proposal
- Death while engaging in hazardous activities not declared at purchase (varies by insurer)
- Maturity benefit on a pure term plan: nothing is paid if you survive the term (unless it's a return-of-premium plan)
Choosing Well
How to pick a term plan
The cheapest premium isn't always the best choice. This is what we look at with you.
Right sum assured
A common rule of thumb is 10–15 times annual income, plus outstanding loans. We calculate it for your situation.
Right policy term
Cover until your dependants are financially independent and loans are repaid, typically till age 60–65.
Insurer track record
Compare claim settlement ratio and financial strength, published by each insurer and IRDAI.
Honest disclosure
Health, habits and income must be disclosed correctly. It's the single most important thing for a smooth claim.
Nomination
Name your nominee clearly and keep your family informed about the policy and where documents are.
Buy early
Premiums are locked at purchase and are lowest when you're young and healthy.
Claims
We stand with your family at claim time
A life claim comes at the hardest moment. Our team guides the nominee through every step.
Inform us
The nominee or family can call +91 93067 50032. We'll explain the process and documents.
Intimate the insurer
We help submit the claim intimation with the death certificate and policy details.
Submit documents
We help collect and submit everything the insurer needs, to avoid back-and-forth queries.
Settlement
We follow up with the insurer until the claim amount is paid to the nominee's bank account.
Keep Handy
Documents usually needed for a claim
Insurers may ask for more depending on the case. We'll give you the exact list for your claim.
- Original policy document (or policy number)
- Death certificate issued by the local authority
- Claim form filled by the nominee
- Nominee's photo ID, address proof and bank details
- Medical records / hospital discharge summary (if applicable)
- FIR and post-mortem report (in case of accidental death)
FAQs
Term Life Insurance questions
How much term cover do I need?
A common starting point is 10–15 times your annual income plus any outstanding loans, minus existing savings and cover. We'll help you arrive at a figure that matches your family's needs.
Can a life insurance claim be rejected after many years?
Under Section 45 of the Insurance Act, 1938, a life insurance policy cannot be called in question on any ground after 3 years from the date of issue or revival. Honest disclosure at the start is still essential.
Is term insurance premium tax deductible?
Premiums may qualify for deduction under Section 80C (old tax regime), and death benefits are generally tax-free under Section 10(10D), subject to conditions. Please confirm with your tax advisor.
What happens if I miss a premium?
Insurers give a grace period (usually 15–30 days depending on payment frequency). If the premium isn't paid within it, the policy may lapse, though it can often be revived within a set period.
Should I buy a return-of-premium plan?
It returns premiums if you survive, but costs much more. Many people prefer a regular term plan and investing the difference. We'll show both so you can decide.
Protect what matters most
Share your age and cover amount you have in mind, and we'll compare plans for you.