Term life insurance covers natural and health-related death. Options to enhance the cover by including extensions such as critical illness rider and accidental death benefit are also available.
Term insurance policy offers different policy tenures ranging from 5 to 30 years. Also, the policy offers the flexibility to pay the premium on monthly, quarterly, semi-annually and yearly basis.
Term life insurance offers larger cover at an affordable premium, unlike any other life insurance products. Moreover, once the policy is bought, the premium gets fixed for the whole tenure.
The premium paid against term insurance is tax deductible under Section 80C. Also, the payout of a term insurance claim is exempted from tax under section 10(10D), hence saving the money.
A term insurance policy is the simplest and inexpensive form of life insurance available to individual life. Under this policy, the insurer promises to pay a large sum assured amount to the nominee of the insured individual, in case the insured dies within the policy term.
There are many benefits of the term cover for the families as well as the economies...
Most of the companies offer group term life insurance policies to their employees. The policy ensures that even after the death of the employee, his/her family’s future is secure.
At the time of buying group term life insurance, the insurer takes into account all the current employees, in case, more employees join the organisation...
Group Term Life Insurance Policy Benefits both employers and employees in multiple ways:
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Get cover note issued within 24 hours. All service requests are resolved in pre-defined TATs.
Manage all aspects of claim including insurer, surveyor & TPA co-ordination, and documentation.
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