Term Life Insurance
Term Life insurance provides coverage for a fixed period at a fixed premium rate.
In the event of the life insured’s untimely death during the policy term, the nominee receives the Total Payout/Benefit, which can be a lump sum payout, a combination of Lump sum & Monthly payout, or only as a Monthly payout.
Term insurance plans are pure protection plans ensuring financial stability for dependents in case of the life insured’s untimely demise.
Benefits of Term Life Insurance
Death Benefit: Nominees receive the Total Payout as either a Lump sum amount or a combination of Lump sum & Monthly amount upon the life insured’s death during the policy term.
Lump sum amount for immediate financial liabilities.
Monthly income to sustain the family’s lifestyle.
Tax Benefit: Premiums paid for Term Life Insurance are Tax-free under section 80(C) up to Rs 1,50,000.
Rider Benefits: Riders customize coverage options for the life insured.
Accidental Death Benefit rider provides additional sum assured in case of death due to an accident.
Accidental Disability rider offers a lump sum payment for disability due to an accident.
Critical Illness rider provides additional sum assured for diagnosed critical illnesses.
Waiver of Premium rider waives all premiums if the life insured is diagnosed with permanent disability or critical illness.
Option to increase Death benefit: Plans allow increasing life cover at key life stages like marriage or birth of a child.
Key Terms when comparing Term Life insurance plans
Total Payout of each plan
Premium amount for desired Total Payout
Policy term offered
High claim settlement ratio
Riders included with the plan
*Disclaimer
Based on your profile.
+Starting price of Rs. 473/month (Rs. 15/day) for a 1 crore term life insurance for an 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 12/day for a 50 lakhs term life insurance for an 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 18/day for a 75 lakhs term life insurance for an 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 586/month for a 1.5 crore term life insurance for an 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 678/month (Rs. 21/day) for a 2 crore term life insurance for an 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 897/month for a 3 crore term life insurance for an 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 1,336/month for a 5 crore term life insurance for an 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 1,879/month for a 7 crore term life insurance for an 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
#Full refund of the premium may be availed when you opt to exit the policy at a pre-defined interval. On availing the one-time option to exit, the total base premium is returned by the Insurer excluding GST & premium paid for additional optional benefits.
+Starting price of Rs. 525/month for a 1 crore term life insurance for an (NRI) 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 802/month for a 2 crore term life insurance for an (NRI) 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 1,080/month for a 3 crore term life insurance for an (NRI) 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 1,635/month for a 5 crore term life insurance for an (NRI) 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
+Starting price of Rs. 2,289/month for a 7 crore term life insurance for an (NRI) 18-year-old male, non-smoker, with no pre-existing diseases, covering up to 38 years of age.
This plan provides an option for ‘Return of Premium’ wherein full refund of the premium (excluding GST & premium paid for additional optional benefits) is provided as a part of maturity benefit on survival of the Life Assured till the end of the policy term.
Prices offered by the insurer are as per the IRDAI approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| EZY WISE SERVICES INSURANCE BROKERS PRIVATE LIMITED
*Pre-approved term plan is only available for eligible existing customer base determined by insurers.
*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24×7 Claims Support Helpline can be reached out at +917087022236.
*Additional premium is payable for riders opted.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
EZY WISE SERVICES INSURANCE BROKERS PRIVATE LIMITED | CIN No. U66220CH2023PTC044944 | License Category: Direct (Life & General) | Registered Office – SCO-10,11,12, Ground Floor, SECTOR-17B, Chandigarh-160017 | Registration No. 928 VALID FROM 03-JAN-2023 Το 02-JAN-2027 | Website: www.secureezy.com Emall: Info@secureezy.com
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