Term Insurance
Term insurance gives a large life cover at a low premium. If something happens to the insured during the policy term, the family receives the sum assured to replace lost income and repay loans.
Key benefits
- High cover at an affordable premium
- Lump sum or monthly income to the family
- Optional riders: critical illness, accidental death, waiver of premium
- Tax benefits as per prevailing law
Who should buy
- Earning members with dependants
- People with home or business loans
- Young professionals who want to lock in a low premium