DID YOU KNOW THESE 7 THINGS ABOUT OUR TERM PLAN?

IT fits in your budget perfectly

After paying your monthly rent, light and phone bills, a term life insurance premium can be difficult. We help you in choosing the good tem plan with affordable premiums. Just what your wallet asked for.

IT pays on diagnosis of any of the 64 critical illnesses (optional)

Term Life Insurance is for your family’s security. But what happens when critical illness strikes and your life hangs in balance? We offers optional health insurance cover for 64 Critical Illnesses. But here’s the best part - It gives claim pay-out on first diagnosis of any of the covered 34 Critical Illnesses. No Hospital Bills required. Only medical documents confirming diagnosis of critical illness needs to be submitted.

IT gives four pay out options

Sometimes you may make lump sum payments, such as for your child’s education and sometimes you just need monthly income, say for Home loan EMIs. You can select pay out option as per your requirements when buying the policy.

IT pays life cover on terminal illness (including AIDS)

Terminal illnesses3 such as AIDS are not only life threatening but can also spell financial ruin. We helps you give them that last fight by paying your insurance money before death.

IT gives you option to add accidental benefit now, or later

Road, Train accidents happen all the time. Insurance can’t stop them, but it can mitigate the financial effects. We let you add accidental cover of your choice during purchase or, even after purchase. For example if you buy life cover of ₹1crore with accident benefit of ₹50 Lakh, your nominee will get ₹1.5 crore in case of death due to accident. Maximum accident cover available with this benefit is ₹2 crore.

IT gives you option to buy this policy online under MWP Act

Last thing you want after buying a term plan is insurance money not given to your near ones, like to your wife or children. Your relatives /creditors may wrongfully claim the insurance amount. You have the option to protect it with us, by buying our online term plan Term Plan under Married Women’s Protection Act (MWP Act). This will help in the payment of full life insurance claim amount to your wife and/or children. Removing that last line of worry from your head.

How To Decide The Right Life Cover?

One of the most important things is to decide the right life cover for an individual. The life cover depends on Your Current Annual Income

A thumb rule generally recommended by financial experts is to get a life cover equivalent to 10-15 times#- your annual income.

Also we strongly recommend that you take the life cover of the exact value suited to your annual income instead of rounding it off to the nearest even number.

If your salary is ₹5 Lakh 40 thousand then we recommend that you take a Life Cover of ₹54 Lakhs and not round it off to ₹50 Lakh. The difference of ₹4 lakh will be very critical for your family in your absence.

We recommend one should ideally have a term life cover till retirement because mostly people do not have dependents after retirement. Also, longer life cover increases premium. In case you have some loans or liabilities which will continue even after your retirement. You may choose your life cover accordingly.

If your current age is 30 and you expect to retire at the age of 60, you should opt for a term life cover of 30 years.