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Policy Details
Amount you wish to be covered for?
1 Crore
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25 Lakhs
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    • 75 Lakhs
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Duration of Policy?
35 Years
30 Years
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Usually, term cover should be 15 to 20 times of Annual Income. E.g. if your annual income is 5 lacs then you should look at a term cover of 75 lacs to 1 crore.

High cover at low premiums

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What is Term Insurance?

Term insurance plans are pure protection plans. In this type of policy, only the risk of death is covered for the term of the plan. If the insured does not die within the term of the plan, then no payment is made to the policy holder. This is also the cheapest form of life insurance. Term insurance is the best & the most important form of insurance and one should take as high a cover as possible as early in life. Take a cover of 15 to 20 times your annual income. Keep increasing as your income increases.

Online Term Insurance Plans in India - There are a large number of online term insurance policies. Premium of such online insurance policies are 60-70% lower than the other term plans, all other benefits being the same. Online plans can save you a lot of money.

What are the benefits in a term insurance policy?

High cover at low premiums

Since this is a pure risk cover and no money is kept aside for investment component, term insurance policies provide a high amount of cover at very low premiums. A healthy 35 yr old male gets to protect his family's financial security for 50 lakhs by paying an annual amount as low as Rs. 6,000 or even lesser. Term insurance is the most important life insurance policy that one should have.

Peace of mind

Term insurance plan is probably the most important financial instrument that one should have. It is sadly often ignored as it does not have any maturity benefits. It is strongly recommended that all earning members who have dependents take adequate term insurance and not rely on the one provided by your company.

Tax Savings

The premiums paid and the payouts made in case of death are tax free.

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