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Benefits of

Term Insurance

Secure Your Family's Financial Future!

Policy term available
till 80 years
Choose coverage upto
22 times your annual income
Coverage available from
₹ 25 lakh up to ₹ 5 crore
Avail tax benefit on base
premium under section 80C


How to Choose the Best

Term Insurance Plan

Don't be short-sighted

The wide range of term insurance policies offered by insurance companies in India make it a challenge for an individual to make a decision on the policy that will be the best suited for him/her. Not just selecting a reliable insurance company, individuals also have to make up their mind on a term insurance from the wide array of term policies being offered by the same insurer. This makes it important for an individual looking for a term insurance policy to be aware of the parameters that he/she should consider, so that he/she can make a well-informed decision.

The core purpose of opting for a term insurance is to ensure the financial stability and security of your family in case of your unforeseen demise. Therefore, you have to make a conscious decision now, so as to provide for your family in your absence when they will need it the most. If you survive through the policy tenure, it serves as an effective investment tool for fulfilling your future plans like child’s marriage or higher education, higher education for self to improve your qualification, retirement goals, etc.

The best term insurance is one that offers the highest sum assured at the lowest possible monthly premium. This means that it is the best to start early because the younger you are, the lower will be the premium that you can avail for a high sum assured. You should keep a few essential parameters in mind to decide on your sum assured, which will be analysed by the term insurance premium calculator to determine your monthly premium amount.

Let’s discuss the factors you must consider while selecting a term insurance premium calculator. Decide on the coverage you are looking for: It may be difficult for you to decide on the sum assured that you believe would be sufficient to support your family in the future. However, you need to do a rough calculation of our family’s estimated future expenses for maintaining their lifestyle and also meet their liabilities. It is advisable that you aim a bit higher, so that you do not fall short of the desired amount later.

Decide on the policy tenure: Insurance companies usually offer many term options of 5, 10, 15, 20, 25, 30 or more years from which you need to select judiciously as per your financial goals. The tenure that you choose will also determine the benefits that you will become eligible for. It is advisable that you opt for a term that covers you till your retirement age, so that you can avail a wider range of benefits.



About

Term Insurance Plans

To make sure your family doesn't suffer any financial hardships in your absence

The Irresistible Term Insurance Plans in India at Policy Secure

Term protection premiums are prudent as for the higher inclusion sum it offers. Secure your family's future by taking the most critical choice of tomorrow, today. Consider Term Insurance as your best option. Make Term insurance plans in India safeguard your loved ones. Ascertain the appropriate measure of term protection at Policy Secure and purchase it in the right away.

Why not choose the best term insurance policies in India by making hassle-free comparison from over 20+ Term Plans made available by 10+General Insurance Companies at a single online platform facilitated by none other than Policy Secure – the most trusted platform to buy Term Insurance Policies in the country.

You can learn about all the key essentials you need to know before you go for a terms insurance policy from any General Insurance Company in India to ensure the highest level of contentment. Now you can get SMS alerts, E-mail alerts for renewals to enjoy continuous risk cover for yourself.

What is Term Insurance?

Term Insurance is a life coverage plan that gives monetary inclusion to the recipient of the protected individual for a characterized timeframe. In case of death of term protection policyholder amid approach term, the recipient can guarantee demise profits by the insurance agency.

The passing advantage is payable to the candidate or recipient who is normally a relative. You can get a singular amount sum or a mix of single amount and month to month sum according to your prerequisite. Some General Insurance Companies additionally cover changeless or halfway handicap wherein the policyholder's standard salary is upset.

Note: if there should be an occurrence of survival of the policyholder the inclusion at the prior rate of premiums isn't ensured after the expiry of the strategy. The purchaser needs to either acquire broadened inclusion with various installment conditions or swear off the inclusion totally.


Why Buy Term Plans in India at Policy Secure?

  • Transparent and Prompt term insurance services
  • Free of cost multiple term insurance quotes
  • 10+ companies to compare term insurance plans
  • Professional and expert term plan purchasing advice
  • 20+ Term Plans to choose with great advantages
  • 100% secure payment options at Policy Secure
  • Multiple payment modes
  • Instant facility to buy new Term Insurance Policies
  • Hassle-free renewals 24x7
  • Attractive discount on yearly payable premiums
  • After-sales support and claim assistance

Why You Should Buy Term Insurance Plans?

A Term Insurance Policy has several attractive advantages. It provides maximum financial security with the minimum yearly premium payable using the different modes of payments facilitated by the insurance companies. A Term plan policy is strongly recommended particularly for the males and females having a number of the responsibilities.

One of the extensively sought online insurance buying platforms Policy Secure provides hassle free option to compare term insurance in India from any location.

Try not to be shallow. Get Term Insurance and secure your family's future. Spare their badgering by fiscally anchoring them through the cheapest term plan in India with attractive death benefits.

In case of an unanticipated circumstance who will deal with your liabilities and obligations? This is the place where the importance of term protection is felt and observed. The lump sum that your family will get as death advantage can bring budgetary soundness and pay off the unavoidable financial liabilities without the unbearable mental stress.

It is the genuine help that your family can have if something transpires. Term protection is critical for everybody and particularly more for the bread worker of the family.

“The most important thing in the world is family and love”-John Wooden


Advantages of the Best Term Insurance Plan:

  • Get lumpsum sum in the occasion sudden demise
  • See off the entirety of your advances and liabilities
  • Provide cash so your family keeps on living with satisfaction
  • Term Insurance additionally deals with family if there should arise an occurrence of your handicap or basic disease:
  • Provides strengthening salary if there should arise an occurrence of loss of pay because of incidental incapacity or ailment
  • Get lumpsum sum whenever determined to have basic sickness
  • Additional total protected in the event of the unintentional demise

More About Term Insurance Plans in India:

Premium Payment Mode: Single | Regular - Yearly, Half-yearly, Quarterly, and Month to month using some payment modes. Generally, a Term insurance premium is payable yearly.

Term protection offers adaptable arrangement alternatives to suit the need of each person. You can pick:

  •  The measure of favored total guaranteed
  •  Premium installment alternative which can be it is possible that one-time or ordinary
  •  The term of the arrangement
  •  Add on insurance cover benefits

Key Features of All Term Insurance Plans:

All Term Insurance Plans are explicitly intended to anchor your family's center money related needs if there should be an occurrence of death or vulnerability. As per the arrangement, family/wards of the existing protected is/are qualified for a singular amount sum if there should be an occurrence of death or basic sickness, whenever connected for, of the existence safeguarded and amid the term of the approach. Such a protection plan can assist your family with having sound budgetary freedom, regardless of whether you are nowhere to be found.

Tax Benefits: Term disaster protection designs accompany great tax reductions. You can profit rewarding tax cuts under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. Furthermore, the premiums paid for the Critical Illness Benefit additionally meets all requirements for a finding under Section 80D.

Note: Tax benefits are liable to changes in assessment laws. It would be ideal if you counsel your expense guide for subtleties.

Policy Term: The base arrangement term is 5 years, with the most extreme shifting from 25 years to entire life expectancy for the likened month to month premium installments. For single premium installment strategies, the strategy term is 5 to 15 years. Individuals can pick the term plan period they think works for them. Specialists propose going for a more extended period term plan as the top-notch sum, by and large, gets bolted and the safeguarded party gets the chance to pay a similar premium over the residency of the term plan for a similar measure of cover.

Plan Choice: Term protection gives adaptability as far as picking the arrangement on single life premise or joint life premise. Single life implies that the term plan will just give cover to the life of the guaranteed party who is commonly the provider of the family.

A joint life term plan, then again, covers the life of both the spouse and the wife through a solitary term plan. Most term protection designs offer the term plan on a first case premise. This implies the term plan pays the total safeguarded on the expiry of both of the two guaranteed individuals. There are additionally other term plan designs that offer great compensation on the demise of both the safeguarded people.

Entry Age: To be qualified for term protection designs, the base time of section is 18 years, with a most extreme age limit of 65 years with discretionary extra advantages. The premium of the term plan increments with age and individuals who are searching for a term arrangement for a more extended period ought to decide on the best term protection plan when they are moderately youthful. This will guarantee they have a secured premium sum that does not change such a large portion of these term designs.

Maturity Age: The best term protection designs are those that offer cover well into the lifetime of the guaranteed. Most term designs offer to cover the protected to up to 65-70 years old. Term designs that have a higher development age may likewise charge a higher premium rate as they offer a term protection cover against life dangers for a more extended residency. Additionally, the dangers increment with age and this is reflected in the superior sum.

Survival Benefits: Survival benefits are not present in a standard term plan does not have any. In any case, the interest from financial specialists has implied that different organizations have selected to dispatch term protection designs with survival benefits.

Called Term Return of Premium (TROP) plans, the term plan discounts the premium toward the finish of the term plan residency if the protected individual endures the period. The TROP plan is getting to be main-stream with individuals who are searching for reserve funds just as protection with their term plan.

This term life coverage plan has a higher premium than the standard term plan yet has the benefit of affirmation that the policyholder will get back the top notch the person in question paid to the disaster protection organization for the cover.

Speculators should peruse the protection terms and conditions cautiously to guarantee they know the measure of cash they will get back as survival benefits. Look at the term protection plan that addresses your issues with our term plan examination.

Death Benefits: On the death of life guaranteed amid the term of the arrangement, the candidate or trustee, on the off chance that where the approach has been doled out to another person, will get the aggregate/allowed demise advantage picked at the season of initiation. Contingent upon the sort of plan, the passing advantage may remain the equivalent over the entire residency of the arrangement (standard term designs), decline (diminishing term designs) or increment (expanding term designs).

The backup plans give different choices of the installment to the term plan. These incorporate a single amount installment, singular amount installment in addition to an annuity that might be month to month, quarterly or yearly, or just annuities that are spread over the concurred number of years.

Maturity Benefits : Term protection designs don't accompany any survival or development benefits. In the event that one needs development benefits, a TROP (Term Return of Premium) plan is suggested. Read increasingly about TROP Plan here.

Additional Rider Benefits: Additional discretionary advantages, for example, basic sickness and unintentional demise/inability or Accelerated Sum Assured are likewise accessible. The advantages can be added to the term plan by paying an extra premium sum.

The best term plan in India is the one that offers these riders at a similarly lower cost than picking such cover through individual designs. Pick the extra discretionary advantages for your term protection plan with our site.

Utilize the term plan examination highlights to waitlist the extra advantages you need. One can go for the maximum term insurance with a low annual policy premium. Some normal term protection riders are:

  • Critical Illness Rider
  • Total and Permanent Disability Benefit Rider
  • Accidental Death Benefit Rider
  • Hospital Cash Rider
  • Waiver of Premium Rider

Checklist to be Followed Before Choosing the Term Insurance Plan:

  • Company dependability: The organization's notoriety and steadiness are critical in any segment of business particularly life coverage for the clients to trust. The notoriety in the family unit division, the FICO score on their assets collected.
  • Expenses: We understand that costs have an indispensable task to carry out in term insurance designs. Thus, look for plans with the least costs which prompt bring down premiums in a similar cover. Also, pick an organization that gives limited premiums to no smokers.
  • Convenience: Over the scope of life inclusion designs, one finds the term designs internet seeing the most outrageous headway. For it, the cost and extra premium rates have been lowered essentially and this methodology is on.
  • Enhanced Cover: It is a unique choice given by the online terms designs of explicit safety net providers the opportunity to upgrade their life cover at their basic circumstances of the life of the policyholder.
  • Claim settlement proportion: The extent clarifies what quantities of settlements have been done per 100 cases. Consequently, guarantee settlement extent of 100% (extraordinarily remarkable) suggests the association has settled each case.
  • Solvency ratio: The unfaltering quality and money related altruism of the protection office are managed by its dissolvability proportion. It gives an unmistakable picture whether it can make attractive pending cases and build up the business without getting to be bankrupt.
  • Riders: The one that gives all of you anchored edges is the best term insurance policy plan for you. One method to complete this is by employing good riders. They are much-needed plans that serve with far bounds the subject of policy contingencies.

Final words from Policy Secure

Term Insurance Plan is basic however it can likewise be very useful for families in uncertainty. Notwithstanding whether you have an administration run plan, inclusion offered by your manager, or an approach that you purchased for yourself, a strong comprehension of how medical coverage functions will work well for you.

The more you know, the less demanding it will be for you to look at plan alternatives and realize that you're getting the best an incentive from your medical coverage inclusion. What's more, rest guaranteed that assistance is constantly accessible in the event that you have questions for all the valued customers.

Now compare online term insurance easily at Policy Secure and choose the best terms insurance plan.

Whether you are looking for Family term insurance plan, joint term life insurance, or term insurance for kids, we at Policy Secure assure you the lowest term insurance monthly premium with the irresistible advantages.

Give your loving family the required financial security with an incomparable term plan that you can buy online 24x7 from any place. Explore for the best deals and discount on term insurance policy comparison right now!