Term Life insurance is the purest and most cost effective form of life insurance. Such term insurance provides financial protection to the nominee in case policyholder dies during policy term. Term Insurance policies provide great life cover benefits at low rates. E. g: Premium for Rs 1 Cr Term Insurance cover could be bought for as low as Rs 499* p.m. These fixed premiums can be paid at once or at regular intervals for the entire policy term or for a limited period of time. Premium amount varies basis the type of the premium payment method opted by the buyer.
* This is an assumed premium amount for an 18-year-old healthy male life with the monthly mode of payment and premiums paid regularly for the policy term of 18 years with an income payout option with Life Cover of ₹ 1 crore. GST tax and/or applicable cesses (if any) as per applicable rates will be charged extra.
Before we find the right term insurance cover for you, let’s us first understand the concept of Human Life Value (HLV).
Human Life Value (HLV) is a number that tells the present value of future income expenses, liabilities and investments. The HLV number is taken usually to understand how much money would be required to secure the lives of your dependents, in case you are no longer around.
Find the right cover amount for you