Term Insurance

Term insurance is one of the simplest forms of life insurance.It gives very high risk cover for the lowest premium among all insurance plans. The motive is to give financial cover/security to your family in event of death of the insured person. This plan is most beneficial if you are the sole earning member of your family or your family is dependent on you or you bring the maximum share of income in your family.

Term Insurance is purest form of life insurance. Term plan offers a sufficiently large amount to your family at the time of death of policyholder.

Benefits of Term Insurance

Term insurance plans provide large amount life insurance cover at an affordable premium

Financial protection in the most unfortunate circumstances

Tax savings up to Rs. 1.5 lakh on the premium paid under section 80C on Income Tax, as per prevailing tax laws

Long term insurance cover till age 85 that can be useful if you wish to leave a legacy for your family, subject to maximum policy term of 50 years

A regular income stream along with a lump sum benefit, to ensure day to day life expenses are met.