Last Updated : Nov, 2024
List of Top 10 Term Insurance Plans In India 2024Check out the following list and choose a plan that best suits your requirements:S. No.Best Term PlansClaim Settlement Ratio (CSR)Entry AgeMaturity AgeCheck Plans1.ICICI Pru iProtect Smart97.82%18 to 65 years99 yearsBook a Free Call2.HDFC Life Click 2 Protect Super98.66%18 to 65 years85 yearsBook a Free Call3.Mera Term Plan Plus97.33%18 to 60 years99 yearsBook a Free Call4.TATA AIA Sampoorna Raksha Supreme98.53%18 to 65 years100 yearsBook a Free C...
Written By : Himanshu KumarLast Updated : Nov, 2024
What is a Single Premium Term Plan?A single premium term plan is a type of life insurance policy that requires the policyholder to pay the entire premium in a single payment, rather than making regular payments over time. This kind of policy offers protection for a predetermined term, usually between 10 to 30 years, and pays a death benefit to the selected beneficiary if the policyholder passes away while the policy is in effect.The premium for a single premium term plan is generally lower compa...
Written By : Himanshu KumarLast Updated : Nov, 2024
Term Insurance: Online vs OfflineYou can buy a term insurance plan online through the insurer’s website, a policy aggregator such as PolicyX’s website, or offline by visiting the insurer’s branch office. It’s up to you which method you opt for as both have their advantages and disadvantages.Buying term insurance online offers flexibility, discounts, easy comparison, etc while buying a term plan offline has its benefits including an in-depth understanding of the policy fro...
Written By : Himanshu KumarLast Updated : Nov, 2024
How to Claim Term Insurance After Policyhoder’s Death?After the policyholder’s demise, the beneficiary has this doubt in mind about the death insurance claim process. Well, the beneficiaries must start the claims procedure when the insured individual dies during the policy’s term to receive the insurance payout.The basic stages involved in making a claim on term insurance after death are as follows, however, the precise process may differ between insurance companies:Claim Intim...
Written By : Himanshu KumarLast Updated : Nov, 2024
Does Term Insurance Premium Increase Every Year?People often need an answer about whether their term insurance premium increases every year. If you are also confused about the same then after reading this article all your doubts will be clear.Yes, term insurance premiums slightly increase yearly due to rising inflation in the economy. You should buy it as early as possible to avoid the rising premiums. The sooner you purchase, the more affordable premiums you have to pay.But once you purchase a ...
Written By : Himanshu KumarLast Updated : Nov, 2024
Grace Period In Term InsuranceIn a term insurance policy, the grace period is vital since it offers individuals additional time to settle their premium payments. While timely premium payments play a vital role in keeping the policy active, there may be occasional occurrences of missed payments resulting from unforeseen situations. The importance of a grace period becomes notable at this specific point in time. This article will concentrate on examining what a grace period in term insurance is, w...
Written By : Himanshu Kumar100% Claim
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Priya has been in the content writing industry for over 9 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.
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