Term Plans

Term Insurance means life insurance which covers you only for death. In the case of death of the policyholder during the policy period, the insurance company pays a death claim equal to the Sum Assured or Death Benefit. In case you survive the policy period, there will be no maturity benefit i.e. nothing is returned to you. Death claim may be paid as a lump-sum amount, or in instalments, or as a combination of both.

Here are the features and benefits of Term Insurance plans in India.

Term Insurance is the best kind of life insurance policy that you can buy for your family.

Term Insurance is a comprehensive Life Insurance policy covering all kinds of death including terrorism, disease, accident, etc.

Period of Cover for Term Insurance : Minimum 5 years to a maximum capped by your age upto 80 years.