TERM INSURANCE
What is Term Insurance?
Term insurance is a type of life insurance that provides coverage for a specific period of time or "term". This policy offers financial benefits to the nominee if the insured passes away during the policy term. It provides high life cover at comparatively lower premiums.
Premiums can be paid as a lump sum or at regular intervals. The amount varies depending on the payment method selected by the policyholder.
Features of Term Insurance
- Low Entry Age: Minimum entry age is 18 years, making it accessible from early adulthood.
- Long Term Protection: Offers policy tenures of up to 40 years to ensure long-term financial security.
- Easy to Buy: Can be purchased online conveniently with document submission, premium payment, and support handled digitally.
- Easy Premium Payment Options: Choose from monthly, quarterly, or yearly payment methods.
- Adjustable Cover: Increase or decrease the sum assured depending on your financial situation, provided no discrepancies exist.
- Liability Protection: The sum assured can help your family repay loans and other debts, securing their financial future.
Term Insurance Quote
A term insurance quote refers to the premium price of the chosen term plan. Getting a quote helps compare different plans and make an informed purchase decision.
Benefits of Term Insurance
- Provides financial protection to your family in the event of your untimely demise
- Option to add coverage for critical illness or accidental death
- Long duration of coverage with affordable premiums
Trust and Goodwill
Term Insurance promotes trust and enhances the credibility of financial planning by assuring quality protection for your loved ones.
