Best Term Insurance Plan in India

Best Term Insurance Plan

Known for its wide range of coverage options, including critical illness and accidental death benefit riders. It offers flexible premium payment options and a high claim settlement ratio.

 This plan provides comprehensive coverage with options like life cover, income protection, and critical illness benefits. It offers competitive premiums and a seamless online buying process.

 Known for its affordable premiums and extensive coverage options, including monthly income benefit and terminal illness cover. It also has a strong track record of claim settlement.

Offers both regular and term with return of premium options. It provides a range of rider benefits and a user-friendly online platform for policy management.

 Known for its flexibility in choosing coverage and payment options. It also offers additional benefits like accidental death and disability coverage.

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Key Features & Benefits of Life Insurance Policy

Financial Security

The primary benefit of a life insurance policy is that it offers long term financial protection to the policyholder’s family in case of an eventuality.

Death Benefit

In case of any unfortunate event with the policyholder, the insurer provides financial benefit in the form of a death payout. The appointed nominee receives the entire sum assured plus the bonus accumulated over time

Maturity Benefits

Depending on the type of life insurance policy, insurers may offer the applicable benefit amount as maturity benefit at the end of the policy term.

Guaranteed Returns

Life insurance plans guarantee that you receive a fixed amount after a specific term. The return you get can help in paying the loan, child’s higher education, and other expenses

Wealth Creation

Certain types of life insurance policy plans, such as ULIP, endowment, or savings plans offer wealth creation benefits along with protection benefits. You can choose the types of plans based on your risk appetite and build a corpus for your future goals

Tax Benefits

Policyholders can claim tax benefits on the premiums paid under sections 80C and 80D. They can also claim tax exemptions under section 10(10D) as per the prevailing tax laws.