What is a Term Insurance Plan?
Term Insurance is a type of life insurance policy that provides coverage for a specific period or "term." If the policyholder passes away during the policy term, the insurer pays a death benefit (sum assured) to the designated beneficiaries.
Term insurance provides pure life cover at an affordable premium, ensuring your loved ones remain financially secure in your absence. It’s a simple yet powerful way to safeguard your family’s future.
Benefits
- High Life Cover at Low Premium
- Financial Security for Family
- Fixed Premiums
- Tax Benefits
- Flexible Policy Terms
- Critical Illness & Rider Options
- Easy Claim Settlement
Why Choose DeepPriya for Your Term insurance?
- Affordable Protection: High coverage at low premium cost.
- Financial Security: Ensures your family’s future in your absence.
- Flexible Coverage: Choose policy terms and sum assured as per your need.
- Tax Benefits: Enjoy deductions under Section 80C and 10(10D) of the Income Tax Act.
- Add-on Riders: Enhance your policy with critical illness, accidental death, and more.
- Simple & Transparent: Easy to understand with no hidden conditions.
FAQs for Term Insurance Plans
Term insurance is a pure life insurance plan that offers financial protection to your family in case of your untimely demise during the policy term. You pay regular premiums, and if something happens to you during the term, your nominee receives the sum assured.
Yes, most term insurance plans allow you to add riders like critical illness cover, accidental death benefit, and disability coverage for enhanced protection, usually at a nominal additional cost.