Term Plan
- term plan
Why Life Insurance Matters
A Term Plan is one of the simplest and most affordable forms of life insurance. It provides financial protection to your family by offering a lump-sum payout (sum assured) in case of the policyholder’s unfortunate demise during the policy term.
This plan ensures your loved ones remain financially secure even when you’re not around. It helps cover essential expenses such as daily needs, education, or outstanding loans.
With flexible premium options and high coverage at low cost, a term plan is ideal for individuals seeking long-term financial safety and peace of mind.
- term plan
Why Life Insurance Matters
A Term Plan is one of the simplest and most affordable forms of life insurance. It provides financial protection to your family by offering a lump-sum payout (sum assured) in case of the policyholder’s unfortunate demise during the policy term.
This plan ensures your loved ones remain financially secure even when you’re not around. It helps cover essential expenses such as daily needs, education, or outstanding loans.
With flexible premium options and high coverage at low cost, a term plan is ideal for individuals seeking long-term financial safety and peace of mind.
- term plan
Why Choose Term Plan with Us
- Affordable premiums with maximum coverage
- Quick and hassle-free claim process
- Flexible policy terms to suit your needs
- Option to add riders for extra protection
- Trusted service with transparent benefits
- term plan
Frequently Asks Questions
A Term Plan is a smart choice to secure your family’s future and ensure complete peace of mind.
What happens if I survive the policy term?
- If you outlive the policy period, no maturity benefit is paid unless you have opted for a return of premium plan.
Can I increase my coverage later?
- Yes, some term plans allow you to enhance coverage during key life stages like marriage or childbirth.
Are there tax benefits with a Term Plan?
- Yes, premiums paid for term insurance qualify for tax deductions under Section 80C, and the death benefit is tax-free under Section 10(10D).
What happens if I miss a premium payment?
- Most plans offer a grace period to pay overdue premiums. If not paid within that time, the policy may lapse.
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