Get free from the worry of untimely exit, get your Term Insurance Today
Along with offering life cover, protection against crucial illness is covered under term life insurance.... When any critical illness is diagnosed this plan provides a lump sum amount, in case of loss of income due to unexpected illness /disability a supplementary income is rendered, and a sum is insured in the circumstance of incidental demise.
The amount offered under the term insurance plan is moderately more than the premium payments.... Premium amounts can be paid either monthly, half-yearly, or yearly. Also, the earlier you purchase this plan, the premium amount payable is lower.
In the term insurance plan, under Section 80C the policyholder gets the tax benefits on premiums paid,... and under Section 80 the policyholder also gets the premium paid benefit towards critical illness. Plus, as per the Income Tax Act, 1961, Section 10 (10D), the lump-sum amount acquired by nominees as the sum ensured/demise benefit is exempted from taxes.
The term insurance plan offers protection to the dependents from the policyholders' fiscal liabilities like loans... or any other debts. In case of death or uncertainty of the policyholder, the Term Insurance Policy plans secure the family's essential financial conditions.
To customize your Term Plans, use our online calculator and create your premium selection.
Fill your details and answer few health-related questions.
To complete your purchase, pay from the broad set of options provided and upload the necessary documents mandated to issue the policy.
The better the ratio, the higher are the chances of getting your insurance claim settled conveniently. ... In fact, we cover maximum insurers with a high claim settlement ratio, to make your Insurance choice better and worry-free.
Did not like the terms of the policy? What now? Well, do you want to opt for another Policy? ... No worries, our all policies come with a 15 days Free Look period, and that lets you compare the policy even after the purchase and return if you don’t like it.
We assure that every client is offered proper help for the claim processing. During this process,... our dedicated team members & Relationship Managers give in their best to ensure you with the correct guidance at the right time.
Gather Your Receipts: To raise a claim, firstly, you must obtain a thorough invoice from your doctor or medical source.
Fill in an application form: This form is a document that declares and provides your insurance organization with more details regarding the illness or accident.
Keep a copy handy: It's a good idea to make copies as a preventive measure. Before submitting the claim to your insurance company, do organize your whole claim properly.
Review & Call: As you have all your documents filled out, send them to your insurance company and make sure to contact them on a call too.
Many benefits come along with a term life insurance policy. It is the most affordable life insurance, and in return, it provides a high life cover and several other benefits. For example; in case of an unexpected illness or demise, the finances obtained by the policyholder or its family from this plan can serve as a substitute income to have a dignified and comfortable life.
While choosing a term various factors need to be glanced at. For instance, let's begin with your age, the younger you are the longer the time you require security, and vice versa. Secondly, you can choose a term plan with an optimal policy span to assure the safety of your family. Likewise, the ages of your dependents, your lifestyle practices, and other aspects also determine the span.
As long as your term policy is active and constant the premiums will remain the same a few years later as well. The premiums will just vary if you buy a fresh plan completely. Also, if you increase your life coverage or boost the cover of your policy with extra add-on advantages, your premium may rise. So it is advised to buy Term insurance at an early age with the longest term option available so that your premium remains lower till the end of the term of your policy.
For the monthly premium amount method, a grace time of 15 days is given for payment of a premium, and for other ways of premium payment, it's 30 days. Unfortunately, the policy shall expire, and the cover will terminate if the premium amount is not delivered even within the grace duration. Some players offer reactivation/regeneration of lapsed policy even after 45 days of your Term Plan.
At reasonable premium costs, riders in term insurance are the added extensions to your current term insurance plan. Inclusively, riders are beneficial tools that enrich the coverage of your life insurance policy. There are various kinds of riders, like a terminal illness rider, a critical illness benefit, accidental death+ benefit, and a permanent disability rider.
You will need to share your identity & address proof, age proof, and bank account details. To name a few documents that can be used to avail the policy are Aadhar Card, Pan Card, Passport, School Leaving Certificate, Voter ID, Birth Certificate, Electricity Bill, etc. Additional disclosures like smoking habits, gender will be required to determine your premium.