Term Life Insurance

Pure life protection at affordable premiums

Term life insurance provides high life coverage at low premiums, offering pure protection without investment component, ideal for income replacement and family financial security.

High life coverage at affordable premiums
Pure protection without investment component
Tax benefits under Section 80C and 10(10D)
Flexible premium payment options

Key Benefits

High Coverage

Get maximum life coverage at minimum premium cost for comprehensive family protection

Affordable Premiums

Lowest cost life insurance option with premiums starting from ₹500 per month

Tax Benefits

Save taxes under Section 80C on premiums and Section 10(10D) on death benefits

Flexible Options

Choose from various premium payment terms and policy durations

What's Covered

  • Death benefit to nominated beneficiaries
  • Accidental death benefit (if rider added)
  • Terminal illness benefit (advance payout)
  • Permanent disability benefit (if rider added)
  • Critical illness benefit (if rider added)
  • Waiver of premium on disability
  • Income benefit for family
  • Loan protection coverage
  • Children's education fund
  • Family lifestyle maintenance

What's Not Covered

  • Suicide within first year of policy
  • Death due to pre-existing conditions (during waiting period)
  • Death due to drug or alcohol abuse
  • Death during participation in hazardous activities
  • War and nuclear risks
  • Self-inflicted injuries
  • Criminal activities
  • Aviation risks (unless passenger)
  • Natural disasters (some policies)
  • Death outside India (some policies)

Eligibility Criteria

Minimum Age18 years
Maximum Age65 years
Renewal AgeUp to 75-80 years
Waiting Period
No waiting period for accidental death

Required Documents

  • 1
    Filled proposal form
  • 2
    Age proof (Birth certificate, Passport, etc.)
  • 3
    Identity proof (Aadhaar, PAN, Passport)
  • 4
    Address proof (Utility bills, Aadhaar)
  • 5
    Income proof (Salary slips, ITR, Form 16)
  • 6
    Medical reports (if required)
  • 7
    Passport size photographs
  • 8
    Bank account details

Claim Process

Simple steps to understand the claim filing process

1

Immediate Notification

Inform insurance company about the unfortunate event within 30 days

2

Submit Claim Form

Fill and submit death claim form with required documents

3

Document Verification

Insurance company verifies all submitted documents and investigates if required

4

Claim Settlement

Approved claim amount is paid to nominated beneficiaries within 30 days

Frequently Asked Questions

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