Term Life Insurance
Term insurance provides life cover for a specific policy term in exchange for affordable, fixed premiums. If something happens to you, the payout acts as a financial shield for your family—helping them manage expenses like education, medical bills, EMIs, and day-to-day living.
Get ₹1 Cr. Life Cover at just ₹19/day*
What is Term Life Insurance?
Term life insurance is the simplest and most affordable form of life insurance. It provides pure protection—a high sum assured at low premiums—ensuring your family's financial security if something happens to you during the policy term.
High coverage at low cost
Get substantial life cover (₹50 Lakhs to ₹5 Crores) at affordable monthly premiums, ensuring maximum protection for your family without straining your budget.
Protect family lifestyle
Ensure your loved ones maintain their current standard of living, covering daily expenses, education costs, and future goals even in your absence.
Covers loans & liabilities
Safeguard your family from inheriting home loans, personal loans, or other debts. The sum assured helps clear outstanding liabilities.
Optional riders (CI, ADB)
Enhance coverage with critical illness rider, accidental death benefit, and disability riders for comprehensive protection.
Tax benefits under 80C & 10(10D)
Save up to ₹1.5 Lakhs annually under Section 80C. Maturity benefits are tax-free under Section 10(10D) of the Income Tax Act.
Peace of mind for long-term
Secure your family's financial future for 20-40 years with a single decision, providing stability and confidence.
Choose Your Coverage Amount
Select the coverage amount that best suits your family's financial needs and future goals.
- Affordable premiums
- Basic protection
- Ideal for young professionals
- Most popular choice
- Comprehensive protection
- Best value for money
*Premium is indicative and varies based on age, gender, health, and policy term.
Frequently Asked Questions
Find answers to common questions about term life insurance.
What is term life insurance?
Term life insurance is a pure protection plan that provides life cover for a specific period (10-40 years). If the policyholder dies during the term, the nominee receives the sum assured. If you outlive the term, there is no maturity benefit (unless you opt for Return of Premium variant).
How is premium calculated?
Term insurance premium depends on several factors: your age (younger = lower premium), gender (women pay less), sum assured (higher cover = higher premium), policy term (longer term = higher premium), health status, occupation, lifestyle habits (tobacco use increases premium), and optional riders.
What happens if I outlive my term?
In a standard term plan, if you outlive the policy term, there is no maturity benefit. However, you can opt for Return of Premium (ROP) variants where you get back all premiums paid if you survive the term, though these come at a higher premium cost.
What riders should I choose?
Common riders include Critical Illness (pays on diagnosis of specified illnesses), Accidental Death Benefit (extra payout for accidental death), and Disability Benefit. Choose riders based on your health history, occupation risks, and family medical background.
Can I increase cover later?
Some insurers allow increasing sum assured at specific policy anniversaries or life events (marriage, child birth) with additional premium. However, it's better to buy adequate cover initially as increasing later may require medical tests and higher premiums.
What documents are needed?
You need basic KYC documents (Aadhaar, PAN), age proof, income proof (salary slips/ITR), bank statements, and medical reports (if required based on age and sum assured). The process is mostly online and paperless.
How much term insurance do I need?
A common rule is 10-15 times your annual income. However, consider your outstanding loans, children's education costs, family expenses, and future goals. Our advisors help calculate the right coverage amount for your situation.
Can I buy term insurance online?
Yes, you can buy term insurance online through our platform. The process is simple: compare plans, choose coverage, fill details, pay premium, and receive policy documents via email. Medical tests may be required for higher coverage or older applicants.
What is the claim settlement process?
In case of death, the nominee needs to submit death certificate, policy documents, claim form, and other required documents to the insurer. The claim is typically settled within 15-30 days. We provide dedicated claim assistance to ensure smooth processing.
Is term insurance better than whole life insurance?
Term insurance is pure protection at low cost, ideal for most people. Whole life insurance combines protection with savings but costs 5-10 times more. For most individuals, term insurance + separate investments provide better value than whole life policies.