Protect What Matters with
Term Insurance
Secure your family’s future, replace your income, and cover long-term liabilities with the purest form of financial protection.
Life Cover Estimator
*Move the sliders to instantly estimate the life cover required to safeguard your dependents.
How to Pick the Right Insurance Policy
Always verify these three critical metrics before locking into a contract.
| Metric Name | What it Tells You | Ideal Benchmark |
|---|---|---|
| Claim Settlement Ratio (CSR) | The percentage of claims paid successfully out of every 100 received by the company. | Above 98% (Consistent for 3+ Years) |
| Amount Settlement Ratio | The total value of claims settled vs the value of claims received. Prevents issues with big covers. | Above 96% |
| Solvency Ratio | The financial health of the insurer and their legal ability to settle heavy claims during a crisis. | Above 1.5 (As mandated by IRDAI) |
Why Term Insurance is Your Absolute Core Foundation
Before allocating capital to wealth engines like mutual funds or stocks, setting up high-quality **term insurance in India** is mandatory. Term life insurance serves a singular, clear purpose: if the earning member passes away unexpectedly, the insurer pays the complete life cover amount to the family. This allows them to settle home loans, fund education milestones, and carry on with life smoothly.
How Much Life Cover Do You Actually Need?
Relying on random math or arbitrary packages can leave your dependents under-insured. The most reliable framework is the Income Replacement Model. As our interactive estimator tool shows above, individuals under 35 should secure a life cover value that equals 20 times their annual income. For those between 35 and 45, a 15x multiple is standard. If you have outstanding personal liabilities like a home loan, that exact liability value should be added on top of your base cover.
Crucial Riders to Upgrade Your Base Policy
Riders are optional add-on benefits you can stack onto your standard term plan to cover health or accident emergencies:
- Critical Illness Rider: Provides a lump sum cash payout immediately if diagnosed with illnesses like cancer or heart attack, assisting with treatment costs.
- Waiver of Premium: Keeps the life policy fully active without requiring any future premium payments if the policyholder suffers from a permanent disability.
- Accidental Death Benefit: Pays an additional sum to the family if the unfortunate event occurs specifically due to an accident.
Tax Benefits and Special Features
Term insurance offers excellent tax efficiency under Indian tax laws. The premium you pay annually can be claimed as a deduction up to ₹1,50,000 under Section 80C. More importantly, the entire death benefit payout your family receives remains completely tax-free under Section 10(10D).
For Global NRIs, purchasing term life insurance online in India offers lower, competitive premiums and direct management via non-resident banking channels, making it a highly effective move to protect local property liabilities.
Have doubts about claims, riders, or medical checks? Submit your details on our form and our team will call you back to clear all your queries.
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