Term Life Policies Companies

Popular Term Life Policies


Life Advantage Plus Plan

A Non-Linked, Participating, Individual Life, Savings Insurance Plan

Pradhan Mantri Jeevan Jyoti Bima Yojana

This Is A Non-Participating, Non-Linked, Group Term Insurance Plan Which Provides Life Insurance Coverage To Protect Your Family In Case Of An Unfortunate Death Without Any Hassle.

ICICI Prulife Iprotect Smart

Since Its Launch ICICI Pru Protect Smart Has Become Our Top Selling Plan Online

Canara HSBC - Saral Jeevan Bima

Canara HSBC Oriental Bank Of Commerce Life Insurance Saral Jeevan Bima Is The Shield That Protects You Against Uncertainties Of Life And Ensures Your Plan To Fulfill The Dreams Of Your Loved Ones Are Not Hindered.

Wealth Gain Insurance Plan

A Unit-Linked Insurance Plan That Gives Your Life Cover And Helps Build Wealth Over The Long Term.

Future Generali Saral Jeevan Bima

Future Generali Saral Jeevan Bima Is Designed To Give You A Safety Net So That You Can Be Sure Of Protecting Your Loved Ones From Future Financial Struggles.

Guaranteed Wealth Plan

A Long Term Life Insurance Plan Which Comes With A Component Of Savings Element That Assures You Of Guaranteed Returns On Your Investment.

Wealthsurance Growth Insurance Plan SP

A Unit Linked Plan That Lets You Enjoy The Benefit Of Market Returns By Investing Just Once.

ICICI Pru POS Life Raksha

ICICI Pru POS - Life Raksha, Protect Your Family Hassle Free Without Medical Examination And Provide Them With A Lump Sum To Meet Immediate Liabilities That May Arise In Your Absence.

Guaranteed Income Plan

A Quick, Hassle-Free Insurance Plan With Guaranteed Payouts.

LIC's Saral Jeevan Bima

LIC Saral Jeevan Bima Coverage Would Be Up To 70 Years Of Age. Minimum Sum Assured Is Rs 5 Lakhs. It Provides Life Risk Coverage Without Any Maturity Benefits Or Survival Benefits.

Future Generali Term Plan With Return Of Premium

Future Generali Term With Return Of Premium Plan Is A Life Insurance Plan That Provides Financial Coverage In Case Of Death Or Return Of Your Premiums Paid On Maturity Upon Survival.

About Term Insurance

Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to terminate.

Term Life Insurance approaches give high life cover at lower expenses. For eg: Premium for 1 Cr Term Life Insurance Cover could be pretty much as low as 490** p.m. These fixed charges can be paid on the double or at ordinary stretches for the whole strategy term or a restricted period.

key Takeaway

Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during a specified term. These policies have no value other than the guaranteed death benefit and feature no savings component as found in a whole life insurance product. Term life premiums are based on a person's age, health, and life expectancy.

Anybody with financial independence should purchase a Term Protection Strategy. This incorporates youthful experts with subordinate guardians, hitched couples, guardians, money managers and independently employed, Taste financial backers, and at times, even retired folks.

If you die during the term of the policy, the insurer will pay the face value of the policy to your beneficiaries. This cash benefit which is, in most cases, not taxable may be used by beneficiaries to settle your healthcare and funeral costs, consumer debt, or mortgage debt among other things. However, if the policy expires before your death, there is no payout. You may be able to renew a term policy at its expiration, but the premiums will be recalculated for your age at the time of renewal. Term life policies have no value other than the guaranteed death benefit. There is no savings component as found in a whole life insurance product.

Types of Term Life Insurance

There are several different types of term life insurance, the best option will depend on your circumstances.

  • Term Insurance With Return Of Premium
  • Single Life and Joint Life Term Insurance
  • Increasing And Decreasing Term
  • Related Term Plans
  • COVID Term Insurance

Once you've picked the policy that's right for you, remember to research the firms you're considering thoroughly to ensure you'll get the best term life insurance available.


Hence, individuals who derive any of the three significant benefits associated with term insurance should consider buying such policies. The three significant benefits are – life protection, tax-saving and affordable premiums.

  • Parents
  • Newly-married
  • Working Women
  • Young Professionals
  • Taxpayers
  • Taxpayers
  • Self Employed
  • SIP Investors
  • Retirees

What are the Benefits of Term Insurance?

Following is a list of benefits that a term insurance policy can provide you:

  • High Sum Assured at Affordable Premium
  • Easy to Understand
  • Multiple Death Benefit Payout Options
  • Additional Riders
  • Income Tax Benefits
  • Critical Illness Coverage
  • Accidental Death Benefit Coverage
  • Return of Premium Option

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