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Compare & Choose the Term Life Insurance in Minutes
Get affordable, trusted coverage options from leading Indian insurers.
1
Axis Max Life Insurance
₹1 Crore Term Plan starting at ₹522/Month*
99.65%* Claim Settlement Ratio
No Medical Test up to 50 Years
Special 12% Online Discount
Tax Benefits under Sec 80C
9.8
Reviews
2
HDFC Life™ Term Insurance
₹1 Cr. Life Cover at just ₹21/day*
99.5% Claim Settlement Ratio
17% Online Discount**
Trusted by Millions
9.2
Reviews
3
Policybazaar Term Insurance
₹ 2 Crore Life cover starting from ₹ 700/month
Get upto 15% online Discount
Save up to ₹46,800 on taxes*
Compare 50+ Plans
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9.1
Reviews
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Frequently Asked Questions
Term life insurance is a policy that provides financial protection
for a fixed period. If the insured passes away during the policy
term, the nominee receives the sum assured. No maturity benefit is
paid if the policyholder survives the term.
Some plans require a medical checkup, while others may not,
depending on age, coverage, and insurer policy. Full disclosure of
health details is mandatory.
It depends on your income, liabilities, and family needs. Experts
recommend 10-15 times your annual income as coverage. Use online
calculators for a personalized estimate.
Yes, you can cancel your policy as per the insurer's terms. Most
offer a free-look period for full refunds if you cancel within 15-30
days of purchase.
Common exclusions include suicide within the first policy year,
fraud, and non-disclosure of material facts. Please check the policy
brochure for a complete list.
All term insurance plans in India are regulated by the Insurance
Regulatory and Development Authority of India (IRDAI).
About Term Life Insurance
What is Term Life Insurance? It is a pure protection plan that
provides a fixed sum to your nominee if you pass away during the
policy term. No maturity benefit is paid if you survive the term.
Key Benefits: High coverage at affordable premiums, financial
security for your family, tax benefits under Section 80C & 10(10D),
and flexible policy terms.
Eligibility: Indian residents aged 18-65 years (varies by
insurer). Medical checkup may be required based on age and sum
assured.
Exclusions: Suicide within the first policy year, fraud, and
non-disclosure of facts are generally excluded. Please read the policy
brochure for full details.
Claim Process: Nominee submits claim form, death certificate,
and policy documents to the insurer. Most claims are settled within 30
days if all documents are in order.
*Insurance is a subject matter of solicitation. Please read all terms
and conditions carefully before buying.
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