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Term Insurance


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Term Insurance - Key Features


Choice of Payout Options
Choice of Payout Options:

Policy holder can opt for lump-sum or monthly payout option. Nominee can get the sum assured amount benefit in equal monthly installments or as an upfront lump-sum amount.

Meet Recurring Expenses
Meet Recurring Expenses

Term Insurance provides regular source of income to family members in your absence. Nominees can thus meet temporary needs such as home loan repayments, education loan installments etc .

Tax Exemptions
Tax Exemptions

Avail tax saving-benefits under section 80C and 10(10D) of the Indian Income Tax Act with your Term Insurance policy.

Sum Assured Benefits in EMI
Sum Assured Benefits in EMI

Nominee can opt to get the sum assured amount benefit in equal monthly installments over a period of 5 or 10 years.


High Sum Assured Rebate
High Sum Assured Rebate

Policy holders can avail the benefit of attractive high sum assured rebate if they opt for a high sum assured amount.

Term Insurance Premium Payment Frequency
Term Insurance Premium Payment Frequency

Policy holders can alter the term insurance premium payment frequency as per their ability to re-pay. The payment of premiums can be: monthly, quarterly, semi-annual or annual.

Lifetime-Cover
Lifetime-Cover

Get cover up to 75* years of age as per your requirements.

Choice of Add-On
Choice of Add-On

Cover critical illness and accidental death with option of add-on.

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Claim Process


For claim filing, after the demise of the policy-holder, the claimant has to visit any area or branch office of the insurance company with an intimation letter and copy of the death certificate. After receipt of the intimation letter & a copy of the death certificate, the branch provides the claim forms to the claimant. Post-submission of the duly filled forms, a thorough investigation is conducted and the payout is disbursed within a stipulated time-period.

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