Provide financial protection to you and your family at an affordable cost Best life insurance.
Customize your online term plan with a choice of 9 plan options
All future premiums are waived on Accidental Total Permanent Disability (available under all options) and on diagnosis of Critical Illness (available under 3D Life & 3D Life Long Protection options)
Protect yourself for whole of life with Life Long Protection & 3D Life Long Protection options
Flexibility to choose your policy and premium payment terms
Life Stage Protection feature offers to increase insurance cover on certain key milestones without medicals
Flexibility to increase your cover every year through top-up option
Special premium rates for female lives
Attractive premium rates for non-tobacco users
Tax benefits* as per prevailing tax laws
Why life insurance
There are 9 plan options available with this online term insurance namely:
Life Option: This is the standard option, which gives your family the assured sum as a lumpsum in event of death or on diagnosis of terminal illness. You will receive waiver on future premiums in case of permanent disability due to an accident.
The benefits of the Life option are present in all the other plan options. Apart from that, the differentiating benefit in the remaining plan options is as follows:
3D Life Option: You will receive waiver of premium on detection of 34 critical illness.
Extra Life Option: Option that gives your family additional lumpsum amount due to an unexpected accidental death of the life assured. This needs to be selected at the time of policy inception.
Return of Premium Option: This is only plan option in this product with survival benefit. All the premiums paid (less applicable taxes) will be returned if the policyholder survives till the end of the policy term.
Life Long Protection Option: Along with the benefits under the Life option, the policy cover is for the life assured™s entire lifetime.
3D Life Long Protection Option: Option that gives you waiver of premium in case detection of 34 critical illnesses along with the benefits under Life Long Protection option.
Income Option: Option that gives your family the opportunity to receive a monthly income (level or increasing) along with the lumpsum mentioned under Life option
Extra Life Income Option: An extension to the income option, benefits include lump-sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.
Income Replacement Option: In case of death or diagnosis of Terminal Illness, the nominee will receive 12 times the chosen monthly income as lumpsum as well as a level/increasing monthly income for residual policy term.
Under all the plan options, the policy holder receives waiver of premium in case of permanent disability due to an accident.
Accidental Total Permanent Disabiltiy means when the life assured is totally, continuously and permanently disabled and meets either of the two definitions below:
Disability as a result of injury or accident and is thereby rendered totally incapable of being engaged in any work or any occupation or employment for any compensation, remuneration or profit and he/she is unlikely to ever be able to do so.
Physical Impairments: The life assured suffers an injury/accident due to which there is total and irrecoverable loss of:
The use of one limb and the sight of one eye; or
Loss by severance of two or more limbs at or above wrists or ankles; or
The total and irrecoverable loss of sight of one eye and loss by severance of one limb at or above wrist or ankle.
Most affordable term life insurance
You can choose to pay from either of the 3 premium paying options available with this plan:
Regular pay- you pay premiums throughout the chosen policy term OR
Limited pay- you pay premiums for your chosen policy term from 5 to 39 years, 49 years (For Life, Extra Life, Income and Extra Life Income options only) OR
Single pay you pay premium once
For the 2 whole life cover options namely, Life Long protection and the 3D Life Long protection, the premium paying term would be the difference between 65 & your age at entry or difference between 75 & your age at entry (For Life Long Protection option only).