Term Life Insurance

₹1 Crore life cover starting

from ₹473/month*

Get an online discount of upto 10%*

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Registered Consumers

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3.4 Crore

Policies Sold

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Know More about life insurance

Term Life insurance provides coverage for a fixed period of time at a fixed premium rate.
In case of untimely death of the life insured during the policy term , the nominee of the life insured gets the Total Payout/Benefit. The benefit can be paid out as a lump sum payout or a combination of Lump sum & Monthly payout or only as a Monthly payout.
Therefore Term insurance plans are said to be pure protection plans which ensure financial stability of the dependants in case of untimely death of the life insured.

Benefits of Term Life Insurance

Death Benefit: In the unfortunate event of death of life insured during policy term, the nominee shall receive the Total Payout as a Lump sum amount or a combination of Lump sum & Monthly amount.
Lump sum amount to take care of immediate financial liabilities.
Monthly income to sustain the family lifestyle.
Tax Benefit: The premiums paid for Term Life Insurance are Tax free under section 80(C) upto an amount of Rs 1,50,000.
Rider Benefits: Riders are an important addition to the basic plan offering & provide an option to customize the coverage to the life insured.
Accidental Death Benefit rider offers an additional sum assured over the base plan offering in case death occurs due to an accident.
Accidental Disability rider offers an immediate lump sum payment on occurrence of any disability due to an accident.
Critical Illness rider offers an additional sum assured over the base plan offering if the life insured is diagnosed with one of the critical illnesses mentioned in the rider.
Waiver of Premium rider offers the waiver of all policy premiums in case the life insured is diagnosed permanent disability or critical illness.
Option to increase Death benefit: Certain plans have offerings where the life insured can increase the life cover at key stages in life like marriage , birth of child.

Key Terms when comparing Term Life insurance plans

Total Payout of each plan
Premium amount paid for desired Total Payout
Policy term offered
High claim settlement ratio
Riders offered with the plan

Disclaimers*

⁺On the basis of your profile

⁺Rs. 473/month (Rs.15/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 12/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 18/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 586/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 678/month (Rs.21/day) is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 897/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 1,336/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 1,879/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age

#Full refund of the premium may be availed when you opt to exit the policy at a pre-defined interval. On availing the one-time option to exit, the total base premium is returned by the Insurer excluding GST & premium paid for additional optional benefits.

⁺Rs. 525/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 802/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 1,080/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 1,635/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

⁺Rs. 2,289/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age

⁺Rs. 644/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

^*Savings are based on the comparison between the online and offline price of premium for a 1 crore term life insurance for an 30-year-old male, non-smoker, with no pre-existing diseases, cover upto 65 years of age. Savings accumulates to Rs 20000 over the period of 35 years subject to regular payment of all the premiums

This plan provides an option for ‘Return of Premium’ wherein full refund of the premium (excluding GST & premium paid for additional optional benefits) is provided as a part of maturity benefit on survival of the Life Assured till the end of the policy term.

Prices offered by the insurer are as per the IRDAI approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | ^**Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

*Pre-approved term plan is only available for eligible existing customer base determined by insurers.

^*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24×7 Claims Support Helpline can be reached out at 1800-258-5881

^*Additional premium is payable for riders opted

^~Source: Google Review Rating available on:- http://bit.ly/3J20bXZ

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office – Plot No.119, Sector – 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2024, License category- Composite Broker | Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.