Term Insurance

A term insurance plan is the simplest form of life insurance offering life cover to the policyholder for a certain period. It offers a substantial amount of coverage for an affordable premium amount.

If the insured person passes away during the policy term, the appointed nominee will receive the sum assured, i.e., the death benefit. This sum assured is paid based on the payout option (one-time lump sum or regular monthly payments) as chosen by the policyholder.

A regular term life insurance plan does not offer the policyholder any maturity/survival benefits. However, you can purchase a term plan with a return of premium feature to get the sum of all premiums paid as a maturity benefit if you survive the policy term.

With a term insurance plan, you ensure your family is financially secure in case of your unexpected demise. The sum assured allows them to live a respectful life and handle financial liabilities.


Term insurance is a straightforward life insurance product that provides risk coverage during a fixed term which is the policy term. The main purpose of a term insurance plan is to provide financial protection to the beneficiaries of the insured individual by paying death benefit upon his/her unfortunate death during the policy term.



A term insurance plan provides high risk coverage at a low premium, as compared to other forms of life insurance. Such a product is considered the cornerstone of one’s financial portfolio.


A term insurance plan can provide valuable financial support to the dependents of the insured individual in the event of his/her unfortunate demise, and help dependents maintain their lifestyle and pursue financial goals.


Many of us have some sort of financial liabilities. Having term insurance helps insured individual to ensure that these liabilities are not passed on to dependents after his/her lifetime.