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Term Plan

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How does Term Insurance Work?

A term insurance policy is a simple agreement between you and the insurance company. In return for regular premium payments, your family gets financial protection in case of any unforeseen event.

Just like other life insurance plans, term insurance follows a clear and transparent process:

1

Policy Purchase

Medical checkup is done and policy starts after premium payment.

2

During Policy Term

Policyholder continues paying premiums to keep coverage active.

3

Death During Term

Nominee receives full death benefit for financial security.

4

Policy Maturity

If you survive the term, no payout unless return-of-premium is selected.

Bharti AXA Insurance:
INR 1200
Reliance Health Insurance:
INR 600

How Does a Term Plan Work?

1

Age 20

Rahul chooses a Life Insurance Plan with ?1 Crore coverage to secure his family’s future.

2

20 – 60 Years

He pays premiums regularly to keep his policy active and benefits intact.

3

During Policy Term

In case of any unfortunate event, the nominee becomes eligible for the claim amount.

4

Claim Settlement

The nominee receives the full ?1 Crore amount as a lump sum payout.

5

Life After Claim

The family can maintain financial stability and continue their lifestyle without stress.

Benefits of Term Life Insurance Plans

01

High Coverage

Get up to ?1 Crore life cover at affordable premium.

02

Long-Term Protection

Coverage up to 85 years for complete security.

03

Disability Benefits

Financial support in case of accidental disability.

04

Loan Protection

Helps family clear debts and liabilities.

05

Rider Benefits

Add extra protection with optional riders.

06

Flexible Payment

Choose premium options as per your needs.

07

Tax Benefits

Save tax under 80C & 10(10D).

08

Cost Saving

Lower premium due to latest reforms.

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