Life Insurance

Life Insurance

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Protect your loved ones even in your absence.

Gift your family the financial security of the future through our wide range of term life insurance.

What is Term Insurance?

Term Insurance is a life insurance policy that offers coverage for a fixed number of years – the ‘term’ of the policy. If the insured individual dies when the policy is active, a death benefit is paid(sum insured) to the nominees of the insured individual. Some term policies are convertible. This means that the policy’s owner has the right to change it into a permanent type of life insurance without additional evidence of insurability.

Why Term Insurance ?

Why Term Insurance ?

Financial Stability

Family of the insured person gets a complete sum assured at the time of death which makes their financial situation easier. They can choose for this payout to be in the form of lump sum, an income that is either monthly or annual.

Secured Future

In the event of your death, the payment from the insurance company will ensure the cover amount ensures good education and marriage of children, and protects spouse and parents from financial hardships.

Available Riders

The premium you pay on your term insurance policy is not only tax exempted up to the limit of Rs. 1.5 Lakh per year, but the payouts also come with tax exemptions, as per current income tax laws.

Massive Coverage on Low Premiums

You can get a high value life cover from a term insurance policy by paying an affordable premium amount. These premium payments can also be made monthly or annually.

Income Tax Benefits

Under Section 80C, you can claim a deduction of up to Rs 1.5 lakh annually on the premiums you have paid. As per Section 10(10D), the death benefit of your term insurance policy is exempted from income tax.

Return Of Premium Option

Term insurance does not provide any benefit on maturity, but you can get maturity benefits under your term insurance plan if you opt for return of premium option.

Why Term Insurance ?

Financial Stability

Family of the insured person gets a complete sum assured at the time of death which makes their financial situation easier. They can choose for this payout to be in the form of lump sum, an income that is either monthly or annual.

Secured Future

In the event of your death, the payment from the insurance company will ensure the cover amount ensures good education and marriage of children, and protects spouse and parents from financial hardships.

Available Riders

The premium you pay on your term insurance policy is not only tax exempted up to the limit of Rs. 1.5 Lakh per year, but the payouts also come with tax exemptions, as per current income tax laws.

Massive Coverage on Low Premiums

You can get a high value life cover from a term insurance policy by paying an affordable premium amount. These premium payments can also be made monthly or annually.

Income Tax Benefits

Under Section 80C, you can claim a deduction of up to Rs 1.5 lakh annually on the premiums you have paid. As per Section 10(10D), the death benefit of your term insurance policy is exempted from income tax.

Return Of Premium Option

Term insurance does not provide any benefit on maturity, but you can get maturity benefits under your term insurance plan if you opt for return of premium option.

Our Partners

Max Life Insurance

Max Life Insurance is a life insurance company with a joint venture between Max India Ltd and Axis Bank. It is the largest non-bank private-sector life insurer in India. It was formed in 2000 after the liberalization of the insurance sector in India and the operations began in 2001. In 2021, It has a claim settlement ratio of 99.35%

Life Insurance Corporation Of India ( LIC )

Life Insurance Corporation Of India ( LIC ) is an Indian government owned life insurance and investment corporation. It comes under the ownership of Ministry Of Finance, Government Of India. It is statutory corporation established by Act Of Parliament-LIC Act 1956. It has claim settlement ratio of 98.31% in 2021.

ICICI Prudential

ICICI Prudential is a life insurance firm in India. It was established as a joint venture between ICICI bank and Prudential PLC. It is engaged in life insurance and asset management businesses. Headquartered in Mumbai, it became the first insurance company in India to be listed in the domestic stock exchanges. It has a claim settlement ratio of 97.84% at present.

Bajaj Allianz

Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserve Limited which is owned by the Bajaj Group of India; and Allianz SE, a European financial services firm. It is one of the best private insurance companies in India which offers insurance products for financial planning and security. It was started in 2001, and it has given claim settlement ratio of 98.18 % in 2020-21.

HDFC Life

HDFC Life insurance company is a long-term life insurance provider with its headquarters in Mumbai, offering individual and group insurance services and it was incorporated on 14 August 2000. The company is a joint venture between Housing Development Finance Corpo (HDFC), one of the leading housing finance institutions in India and Abrdn, a global investment company. It has a claim settlement ratio of 99.06% at present.

Documents Required To Opt Term Insurance

  • Proof Of Identity ( Adhar Card, Passport, Voter ID, Pan Card, etc. )
  • Proof of Age ( High school marksheet, driving license, adhar card )
  • Proof of Address
  • Proof of income
  • Medical Documents ( In Few Cases )
  • Official Phograph