Term
Insurance is the simplest form of insurance designed to provide a risk
cover on the life of the insured for a defined number of years (the
“term” of the Policy). There are more than 20 life insurance companies
offering term plans in India, making it very important that you Compare
Term Insurance Plans before buying, to get the best term plan for your
requirement. On i-save.com you can Compare Term Insurance policies of
all the leading Life Insurance Company in India.
Term
Insurance is the simplest form of Life Insurance, providing you with
financial protection for your family in the event of death. There are no
survival benefits associated with Term Insurance policies i.e. you do
not receive any of the premium back once the policy term expires. Term
Insurance is a pure protection life insurance and provides high
financial protection at a minimal cost.
What is Term Insurance or Term Life Insurance
Term
Insurance is the simplest form of Life Insurance, providing you with
financial protection for your family in the event of death. There are no
survival benefits associated with Term Insurance policies i.e. you do
not receive any of the premium back once the policy term expires. Term
Insurance is a pure protection life insurance and provides high
financial protection at a minimal cost.
Online Term Insurance or Online Life Insurance Policies
In
the past years, Online Term Insurance Plans have been introduced by
many companies. Online term insurance plans offer the same type of basic
life cover as other Term Insurance plans. By online term insurance, one
means the availability of buying life insurance online i.e. via the
Internet. The key differences are that online term plans are available
for purchase in select geographies or cities, depending on the insurer;
and are available for purchase only on the internet. Many online life
insurance term plans do not offer additional optional Riders, keeping
the online purchase process simple and easy to buy. Most online term
plans tend to be lower cost than offline term insurance plans as they
are available direct from the company and have lower costs. Always
compare online term insurance plans to get the best online term plan. At
i-save.com, we help you compare online term plans including Aviva
i-Life, Aegon Religare i-Term, Bhart Axa e-Protect, ICICI Prudential
iCare, India First Life Plan, Kotak e-Term, Kotak e-Preferred and
MetLife Met Protect; in addition to all other offline Term Insurance
Plans.
Term Insurance with Return of Premium
On
the other hand, Term with Return of Premium (TROP) refers to Term
Insurance Plans that offer Life Insurance with Maturity benefits. A TROP
plan provides that on maturity of the Policy, some or all of the
Premiums paid during the life of the policy are paid back. (Note: Policy
maturity is only at the end of the term). The premiums paid on Return
of Premium policies are invariably significantly higher than pure term
insurance policies.
Term Insurance Premiums increase with Age – the older the person, the higher the premium. Once a term insurance policy has been issued, the premiums will not increase over the term. It makes sense to buy a term insurance policy at an early date – since premiums are lower when you are younger, the longer the term the more money you save.
Term Insurance Premiums increase with Age – the older the person, the higher the premium. Once a term insurance policy has been issued, the premiums will not increase over the term. It makes sense to buy a term insurance policy at an early date – since premiums are lower when you are younger, the longer the term the more money you save.
One
should consider Term insurance to provide financial support and replace
lost income for your dependents and family in the event of your death,
especially if you are the primary earner for the family. At the same
time, Term Insurance should also be used to ensure that your liabilities
(e.g. home or business loans), if any, are paid without imposing an
additional financial burden on your dependents if and when you are not
around.
Tax Benefits on Term Insurance
Premiums
paid on Term Insurance are eligible to tax deduction under section 80C
as available for Life Insurance Policies. Please click here for details of tax benefits available.
Why Compare Term Insurance for you
We help you get information, compare term insurance plans and apply online for Term Insurance policies from leading life insurance companies in India to get the best term plans. Use our tools and calculators for insurance planning and to determine how much insurance is adequate for you.
Compare
term insurance on i-save.com, we help you save money and time. Get the
best term insurance policy for your requirements. Always do a Term
Insurance Plans Comparison in India for all Insurance companies and buy
the best term insurance online using our easy to use comparison tools,
in just 3 easy steps.
Our term insurance comparisons cover all the leading online term plans including the Aviva i-Life plan, Aegon Religare i-Term, ICICI Prudential i-Care, Bajaj Allianz i-Secure, Kotak e-Term, HDFC Click2Protect, Bhari Axa e-Secure, Met Life MetProtect; as well as all the other term insurance policies available through agents and intermediaries, such as the LIC Anmol Jeevan and the LIC Amulya Jeevan from the Life Insurance Corporation of India; making it easy for you to get all the details and prices you need to make an informed decision.
Our term insurance comparisons cover all the leading online term plans including the Aviva i-Life plan, Aegon Religare i-Term, ICICI Prudential i-Care, Bajaj Allianz i-Secure, Kotak e-Term, HDFC Click2Protect, Bhari Axa e-Secure, Met Life MetProtect; as well as all the other term insurance policies available through agents and intermediaries, such as the LIC Anmol Jeevan and the LIC Amulya Jeevan from the Life Insurance Corporation of India; making it easy for you to get all the details and prices you need to make an informed decision.
Read
our Life Insurance blogs, Guides and FAQs to get the information you
need to understand term insurance benefits and features to make an
informed decision.
Remember
Term Insurance is a simple, transparent and cheap product to help you
secure your family’s future and provide financial protection to your
loved ones. Always compare term insurance to get the best term plan!
read more http://www.i-save.com
It takes work but comparing quotes prior to getting life insurance is a wise move to get a good and attractive package. This may seem like a bother, but only by making a proper comparison can you determine which insurance plan can give you the best coverage at the lowest possible rate.
ReplyDeleteRegards,
Laura from lifeinsurancequotes.co.za
There are many term insurance plans in India, but all of them have different premiums and features which confuses a prospective customer to choose the best term plan for him. term insurance india
ReplyDeleteIt is vary important to compare Term Plans prior of purchasing.Their are lots of plans available online with best coverage,but premiums are high. Here is the best Life Plans I have opted with lowest premiums with best coverage. You can check it out here,Life Insurance
ReplyDelete