Secure your family with best term insurance plan

Term Policy


Secure a Bright Future for Your Loved Ones Today!

Life is nothing if not unpredictable and given the innumerable probabilities in life, there are simply no guarantees to bank upon. While you are there today to work hard for making the present moments of your family comfortable and happy, their future still looms in the darkness of uncertainty. Insurance is one sure shot way of ensuring a safe and financially stable life for your loved ones, even when you are not there for them anymore.

Life Insurance is an ideal way to provide for the future economic support to your dependents after your death. If one takes a life insurance policy and something unfortunate happens during that term, then your family will be entitled to get the set amount of the policy. Thus, they will have sufficient financial support to attend to any immediate liabilities and will have enough buffer time to plan things ahead at a mental ease.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy. It is the most basic and inexpensive form of insurance that offers maximum death benefits and it can be availed for a fixed duration, usually up to the age of 30 years or as per the maximum age limit specified by the concerned company.

Stating the obvious here, once you analyze and eventually figure out which term plan to go for, the most vital next step it to ascertain the credibility of the chosen insurance company. Apart from that, it is also advisable to have some basic points of references from the other varied companies offering same or similar term plans to have a comparative analysis and enough knowledge to make the right choice.

  • Your age and the corresponding premium
  • Premium against the cover provided
  • Extra premium charges as per the age
  • Enhanced charges due to your job profile
  • Riders, if available and the related benefits

Buying the best term insurance has become much more convenient than ever and is almost hassle free except the compulsory need to undergo a medical examination in order to assess one’s health condition at the time of taking any term policy.

  • Ascertains a financially secure future for your family
  • Usually affordable and easy to comprehend
  • Duly covers all your immediate financial needs
  • Customization available with the addition of riders
  • Provides maximum cover at the lowest premium
Be insured &
be assured...
Frequently Asked Questions

Life insurance is a premeditated arrangement between an insurance company and the insurance policy holder, which acts like a financial protection cover for the insured’s family after his death. The insurance company pays a specified amount of money/ death benefit to the beneficiary of the insurance policy owner upon his death, as stated earlier in the policy agreement.

The primary purpose of life insurance is to provide financial security aside from others like ensuring business finance continuation in future, easy compliance with the tax requirements etc.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy. It is the most basic and inexpensive one and is generally for a specified period of time like 5, 10, 15 or 30 years.

Term insurance is a highly affordable type of information and promises to provide for an extensive financial cover at a relatively much lower premium and thus, makes for a preferred choice among many. One easily find a number of alternative with the some of the good yet cheapest term plans from many brands. Moreover, one can choose the specified term at ease, which can be as long as up to 30 years or even more, depending on the insurance company and also, it comes in handy for covering specific needs that are relatively short term and will disappear in sometime such as mortgage payments or finances pertaining to child care or any other contingency.

The major flaw with term life insurance is due to the alterations that may occur with time such as the premiums increase as you grow older, that is, once the guarantee period expires. Also, the policy does not offer any cash value or even the paid-up insurance facility and the given coverage can possibly terminate at the end of the policy term or may get rather costly to continue with.

Generally, term life insurance is a better idea for the younger individuals and families, needing protection cover against the income loss of the primary bread winner for a defined period of time, at a reasonable cost. Also, it is mostly better if your insurance need is for a period of less than 20 years but if it is for than 20 years, then the whole life policy can be a better fit. There are options for acquiring the best term insurance policy that allows one to convert the term coverage to endowment or a whole life policy, without even a medical analysis, which is advisable to check for beforehand.

One’s coverage requirement usually depends on the individual’s circumstances. Important aspects to keep in mind when considering insurance include estimated total of final expenses (e.g. medical bills, burial costs etc.), total living expenses for all surviving family members, any outstanding loans (e.g. auto, credit cards), the unpaid balance on one’s mortgage, expected costs for your children’s education, the estate taxes, and any business maintenance costs.

  • Age - Insurance is undoubtedly age linked; the younger get relatively lower rates while the older lot, more than 50 years age, have to pay more.
  • Sex - Females are at an advantage as it costs them less as compared to males.
  • Smoker Status - Smoking is no less of a health hazard, affecting your age in the long run and thus, companies factor it in by taking blood samples to test for nicotine. A smoker or one using chewing tobacco can definitely expect to pay more than the ones who are clean. In case one hasn’t smoked or chewed in the last 12 months, one is considered a non-smoker.
  • Medical condition - All insurers demand to see all medical record from the policy holder’s doctor to try and limit any chief risks or claims. So, they also test for AIDS along with a blood and urine test to ascertain. Also, if one suffers from conditions like depression or even high cholesterol, firms may decide to charge more, given the additional risk.
  • Dangerous hobbies - If one engages in hobbies that are too adventurous and may pose a possible life threat such as flying ultra-light planes, parachutes, drive racecars or fast motorcycles for fun, insurers have the right to either decline to insure one or charge more, as they deem fit.

Yes, one may take more than a single term insurance plan; however, it needs to be declared to the insurance companies beforehand.

Premium of any term insurance policy remains fixed and unaltered all through the policy term, given that all the other aspects too remain unchanged.

A proper medical evaluation of an individual is compulsory for availing every term insurance plan, whatsoever.

Mostly, all types of term life insurance can be altered and converted to permanent life insurance, if needed. Such policies are usually convertible to permanent policies only within a definite period of time, set from the issue of the policy, without the need for giving any new insurability evidence (if the benefits remain same, are not increased).

It may or may not be the same as the final rates are assessed by the company through a formal process known as “underwriting”. It generally is inclusive of the current health condition review, detailed medical history as well as one’s family history among others. Underwriting is employed to determine one’s final rating class that further establishes the final premium rates and thus, they may differ from the rates quoted on the website.

It is a type of a non-compulsory policy provision that pays some extra amount over and above the set coverage amount of one’s policy, if the event of an insured's death occurs due to any accident. Without this benefit rider too, one’s term life insurance policy is liable to pay the specified death benefit in the policy, if the insured faces death in any accident.

The waiver of a premium rider is an optional policy provision that provides for the life insurance policy’s premium payment in case of the total disability of the insured to pay; age restrictions and coverage maximums apply as per usual.

All of our partner insurance companies require a basic paramed exam in conjunction with a life insurance application. Insurer third party medical examination team contacts a person after receiving one’s complete application. They work with an individual to arrange for the exam at a mutually convenient time and location and there are no surplus costs for this.

A basic paramed exam includes the following:

  • Height/weight measurements
  • Blood pressure readings
  • Heart rate readings
  • Urine sample
  • Blood sample
  • Medical history questionnaire

An applicant's financial information is among several factors used to determine the amount of insurance the company is able to issue to an applicant. This information is required by ALL insurance companies as they must justify the coverage amounts of all policies they issue. It is also done to control any frauds and limit situations like excessive insurance.

Income multiples are one method of calculating coverage amounts, which is why annual income is required. Net worth helps insurance companies to develop a holistic picture of the family's overall financial position and the possible loss in the event of the insured's death. A common misconception among insurance consumers is that they can purchase any amount of life insurance they desire, regardless of their financial considerations, which is simply not the case.