Term Insurance
What is Term Life Insurance?
Term life insurance is a type of life insurance that provides a eligible corpus to nominee if the covered person dies during a specified term.
Term insurance is a life-long gift to your family to sustain the same lifestyle or pay off existing liabilities without compromising on their dreams.
Our Mission
To provide valuable and best quality advice and services.
Who should buy?
Why should buy?
In today’s uncertain times, it is important to ensure your dependents are financially protected even if you are not around. Buying a term plan is a simple and cost-effective way to do this. With term insurance, you can get a large amount of life cover at a relatively low premium rate.
The benefit amount will be paid to the nominee in case of death of the policyholder during the term of the policy.
Therefore a term insurance policy would offer tremendous peace of mind to the policyholder as the well-being of the financial dependents would be taken care off even in the former’s absence.
Features and Benefits
Add-ons
Survival benefits : Get back all Premium(s) paid on survival till maturity with Return of Premium option
Cover Against Critical Illnesses^ : Avail Waiver of Premium on diagnosis of Critical illness
Support in Case of Disability## : Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an Accident
Disclaimer
^^Tax benefits are subject to conditions under Section 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above. Tax benefits of ₹ 54,600(₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge) on life insurance premium u/s 80C of ₹ 1,50,000 and health premium u/s 80D of ₹ 25,000
##On diagnosis of Permanent Disability (PD) due to an accident, the future premiums under your policy for all benefits are waived.
^Critical Illness Benefit is optional and available under Life & Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. Medical documents confirming diagnosis of critical illness needs to be submitted. The benefit is payable only on the fulfillment of the definition of the diagnosed critical illness. The CI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the CI Benefit paid. The future premiums payable under the policy will reduce proportionately. If CI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the CI Benefit.
