Term Life Insurance provides financial security to beneficiaries, offering a lump-sum payment in case of the policyholder’s untimely demise during the policy term.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

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Definition

Term Life Insurance is a straightforward and cost-effective way to provide financial protection for your family. It offers a significant sum assured at an affordable premium, paying out a lump sum to beneficiaries if the policyholder passes away during the policy term.

How does it work?

You choose a coverage amount and policy term, then pay a regular premium. If you pass away within the policy term, your beneficiaries receive the sum assured as a death benefit. The policy has no cash value if you survive the term, focusing purely on protection.

What’s Covered

Natural andAccidental Death provides a death benefit for both natural and accidental deaths.

Terminal Illnessearly payout in case of terminal illness diagnosis, subject to policy terms.

What’s Not Covered

Suicide Clause generally, deaths due to suicide within the first year of policy are not covered.

Hazardous Activities deaths resulting from involvement in hazardous activities may be excluded or require special riders.

Misrepresentation or Fraud benefits can be denied if the policy was obtained through fraudulent information.

Death After Policy Term no payout if the policyholder passes away after the policy term ends.

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