25 Years in Financial Consulting + 2 Lakh Happy Customers
Policy cover up to 75 years of age.
Cover upto 1 crore at only Rs.6200 per annum
Accidental death benefit.
High sum assured discount.
Choice of Different types of riders for added benefits
Tax benefits on premium paid under Sec 80C will be applicable.
Buy Online in 15 mins
Proceed to Buy Online
If there’s one thing certain about life - it is uncertainty. We can’t be sure of what’s going to happen next but
whatever it is that life throws at us - we can always be prepared. Because that is one thing we can afford to be sure of.
To take care of your family’s well being after your time, and to ensure that they are able to maintain the same lifestyle as before - then the iTerm plan is meant for you. Yes, finally insurance with a large cover at an affordable premium is here.
The iTerm plan is meant for you if:
you are the only earning member of your family.
you are more susceptible to accidents due to the nature of your job
you have financial dependents
Large cover, at a fraction of the cost as premium (Rs. 1 Crore for as low as as Rs. 6200 pa*)
Terminal Illness Benefit
Option to attach three different riders to the base plan
25% (of Sum Assured) paid on diagnosis of Terminal Illness
Easy online purchase and payment
Tax benefits as applicable under tax laws
Minimum - 18 years Maximum - 65 years
Maximum - 75 years last birthday
Minimum - 5 years Maximum - 40 years or upto 75 years
Premium Pay Term
Equal to the policy term
Minimum - Rs. 10,00,000 Maximum - No limit
(subject to underwriting)
Premium Payment Frequency
Single or yearly
What is a term plan?
A Term Insurance Plan is a contract between the applicant and the Life Insurance Company, under which the applicant agrees to pay a certain amount of money(Premium) per year for a fixed period in order to receive a guaranteed amount of money (Sum assured) in the event of his death during the policy term, payable to the his nominee (any family member). Under a term insurance plan, the premiums are fixed for the policy tenure.
What are the various benefits that can be availed?
The various benefits that can be availed include:
Death Benefit - in case of your death, your family will receive the entire Sum Assured and this will not change during the policy term.
Diagnosis of Terminal Illness - on diagnosis of a terminal illness, 25% of the Sum Assured will be paid as benefit. This is subject to a maximum of Rs.100 lakhs and the Death Benefit will be correspondingly reduced.
Tax Benefits - As per applicable tax laws
What do the riders help in covering?
There are three different riders that can be attached to the Base Plan, they are:
The Accidental Death Benefit Rider
In case of an accidental death, the nominee will receive the rider benefit in addition to the sum assured.
The Critical Illness Rider
In case the insured is diagnosed with critical illnesses such as cancer, coronary artery bypass surgery, heart attack or stroke; there will be a waiver on all the premiums after the confirmation of such a critical illness. However, the benefits of the Sum Assured is still applicable.
How to buy this plan?
Since it is an online insurance, you may complete your entire purchase online without the usual hassles.
Choose the amount of policy cover you require
Decide on the term of your policy
Calculate your premium amount
Choose among the riders if required
Make a payment online using your credit or debit card
Your policy will be processed and active within 2 weeks of applying.
Who is a nominee?
A nominee is an individual who receives the benefit of the insurance policy upon the death of the applicant.
What does my nominee receive after my death?
The nominee will receive the sum assured under the base plan chosen, should the death of the applicant occur during the policy term.
Will the iTerm plan be applicable if I am travelling abroad?
Your iTerm plan will be applicable to you anywhere across the globe throughout the policy term.
Who should buy Term Insurance?
Term insurance policies are best suited for working individuals who have dependents (Children, parents) and are looking for a considerable sum of protection against uncertainties of life (death) at fairly low prices.
Term insurance plans fulfill the basic purpose of any life insurance policy by providing financial security for the applicant and his family.
What is the amount of insurance cover that one should opt for?
An insurance agent will tell you that a good estimate for calculating your insurance amount should be 8-10 times of the gross yearly income of the insured. All though this a good rule of thumb but at the same time, is also an oversimplified way of calculation. This calculation does not factor in the life style or debts of the insured, as different people have varying lifestyle and different amount of debt to repay.
Will my premium amount change during the tenure of the policy after I have bought the plan?
Once the policy is issued, Premium will remain the same for the entire tenure of the policy. This is subject to service tax regulations as declared by the Government of India.