Term Insurance | Buy Term Insurance Plans Online in India 2024

Term Insurance Comprehensive Protection for Your Loved Ones

I can get life cover^* of ₹ 50 Lakhs of ₹ 1025 per month

My Age : 40 Yrs

Buy Now

Key Features

Tax Benefits

Your Family's Financial Security

Pure Protection Plan

*Life Cover is the benefit payable on death of the Life Assured during the policy term. The premium is for a healthy male with policy term 20 years (incl. of all taxes). The premium varies based on the age selected on the slider (40 years old selected by default). T&C Apply.

How Term Insurance Works?

Meet Ajay

A healthy man in his early 30s

Ajay's Policy

He Purchase in a Rs 2 Crore Term policy for a term of 35 years to secure his family’s future.

Unexpected Tragedy

8 years, Ajay unfortunately passes away

Death Benefit

Ajay’s family receives the Rs 2 Crore death benefit from the insurer

Financial Security

His family uses the death payout amount to ensure their financial wellbeing.

Factors Affecting Term Insurance

Age

Younger individuals typically pay lower premiums.Health Condition: Pre-existing conditions can affect premiums and eligibility

Smoking

Smokers usually have higher premiums due to increased health risks

Sum Assured

Higher coverage amounts will have higher premiums. Policy Term: Longer terms may lead to higher premiums but offer extended coverage.

Premium Payment Term

Choose how long you want to pay premiums - annually, semi-annually, quarterly, or monthly.

Who Should Buy a Term Insurance?

Those you want to secure their family's future

Those who want to protect their spouse financially.

Those who want to claim tax benefits under section 80C

Those you want to secure thier business and family

Those who want to ensure a bright future for their children

What Are the Payout Options in Term Life Insurance?

A term insurance plan is a pure protection plan that offers life cover to the policyholder in return for timely premium payments. When you buy a term plan, you will name a nominee, such as a child, spouse, parent, sibling, or any other loved one. In case of an unfortunate event, the chosen sum assured will be paid to this nominee, depending on the payout method you opt for. Here’s how it works:

Lump Sum

Under this method, a single payment is made to the nominee in case of an unfortunate event. This money can be used at the discretion of the nominee to cover various expenses or investments

Income

The nominee receives equal monthly income payments in the event of any mishap. This can substitute for your income, ensuring your family's financial needs are met on a regular basis

Combination of Both

A part of the sum assured is paid as a lump sum, and the remaining amount is given as equal monthly income payments. This option helps families with varied financial needs, providing immediate funds and a steady income stream.

Increasing Income

The nominee receives increasing monthly instalments for 10 years. The income increases by 10% simple interest every year until the entire sum assured is paid. This option is beneficial for families whose financial needs may grow over time.

Benefits of Buying a Term Insurance Online

Affordability

Younger individuals typically pay lower premiums.Health Condition: Pre-existing conditions can affect premiums and eligibility

Conveniences

Purchase a policy from the comfort of your home at any time. No need to visit offices or meet agents in person.

User-Friendly and Safe Purchase

The online process is straightforward and secure, allowing you to compare plans, understand features, and make an informed decision with ease

Add-Ons Selection

Easily customize your policy by adding riders such as critical illness cover, accidental death benefit, or waiver of premium, enhancing your policy’s coverage.

Things to know before Insurance

Account opening eligibility

The following investors are eligible to open a Demat Account

Any resident Indian with a PAN can open an account.
Hindu Undivided Family (HUF) can open a Demat account. The account will be opened in the name of the leader or the eldest male member of the family.
Non-Indian Residents (NRI) can also participate in the Indian financial markets by opening a Demat Account. The investor has to specifically inform the DP that it is NRI Account.
Domestic companies are also eligible to open an account.

Disclaimer :+

The information mentioned herein above is only for consumption by the client and such material should not be redistributed.

ICICI Securities Ltd. ( I-Sec). Registered office - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec acts as a Composite Corporate agent having registration number –CA0113. Corporate Agent of ICICI Prudential Life Insurance Company Ltd, HDFC Life Insurance Company Limited, ICICI Lombard General Insurance Company Ltd, Care Health Insurance Ltd, Star Health and Allied Insurance Ltd, HDFC ERGO General Insurance Company Limited, ManipalCigna Health Insurance Company Ltd, Aditya Birla Health Insurance Co. Limited, Tata AIG General Insurance Company Limited & Go Digit General Insurance Limited. Please note, Insurance related services are not Exchange traded products and I-Sec is acting as a corporate agent to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing.Insurance is the subject matter of the solicitation. The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. ICICI Securities Ltd. does not underwrite the risk or act as an insurer.

By clicking on above advertisement, you understand and agree to allow ICICI Securities Ltd to contact you through Calls, SMSs, Emails etc. to offer you other products and services of ICICI Securities, on all days (including Sundays), irrespective of your preference.

Download Our App

Term Insurance Comprehensive Protection for Your Loved Ones