What is Term Insurance?

  • Term Insurance provides a broad range of financial support to the insured against the premiums paid by him for a specific period. The word ‘term’ refers to the period for which the policy is taken. There are many types of life insurance plans, but the term insurance plans take the minimum amount of premiums from the insured and try to provide the best financial support according to the term.

  • Along with the financial support to the family, term plans help to manage future situations like the higher education of the child, marriage, etc.

Some of the benefits of purchasing term insurance are:-

  • Asset protection

    A term plan provides the insured the ability to get loans for purchasing of property or vehicles like cars, etc. However, if the insured is unavailable, the term insurance payout can be used to pay the debts. In this way, the family and assets are protected.
  • Threats related to present Lifestyle

    The present way of living is the cause of increasing health-related issues. There are individual term insurance plans that not only provide coverage for life-risking ailments like cancer, heart attack, etc. but also protect the family members after the demise of the insured.
  • Family Reliance

    Whenever the insured is not around, the family members can use the term insurance money to manage the monthly expenditure. Important future family aspects like education and marriage of the child are also covered in such plans.
  • Economical

    Term Life Insurance is relatively light on the pocket as compared to any other kind. Also, as mentioned above, it covers multiple without spending much.
  • Hassle-free

    In the old times, the insurance procedure used to involve multiple approvals and reports. However, the number of approvals tuned down to minimal with time. Among all, in term life insurance, the procedure of getting insurance involves minimal hassles.

Term Insurance Plans in India

  • Aegon Life iTerm Plan
  • Bajaj Allianz eTouch
  • Bharti AXA Term Plan
  • Birla Sun Life Protector Plus Plan
  • Edelweiss Tokio Life My Term
  • TATA AIA Maha Raksha Supreme
  • Exide Life Smart Term Plan
  • SBI Life eShield Plan
  • SBI Smart Shield
  • Future Generali Flexi Online Term Plan
  • HDFC Life Click 2 Protect 3D Plus
  • Shriram Life Cash Back Term Plan
  • SUD Life Abhay
  • ICICI Prudential iProtect Smart
  • Kotak e-Term Plan
  • iSurance Flexi Term Plan
  • IndiaFirst Anytime Plan
  • LIC E-term Plan
  • Max Life Online Term Plan Plus
  • PNB MetLife Mera Term plan
  • Sahara Kavach

Types of Term Insurance Plans in India:-

Bazaar Indicator is at your rescue. The best reasons for making Bazaar Indicator your mutual fund advisor in place of other fund companies in India are:

  • Level Term Plan
  • Standard Term Insurance Plan
  • Term Return of Premium (TROP) Plan
  • Group Term Insurance Plan
  • Increasing Plan
  • Decreasing Plan
  • Convertible Plan
  • Offline and Online Plan
  • Single Life and Joint Life Plan

How does a term plan from Bazaar Indicator help you?

  • It provides a transparent claim settlement ratio and is higher than some of the companies.

  • Provides with plans regarding the future security of the family members of the insured.

  • Maximum returns with economical premiums.

  • Easy payout option after the demise of the insured.

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Disclaimer*: The information given on this website is general and not targeting any person's situation. It's only for knowledge purpose. The strategies and recommendations given by the research team are their personal views so we do not take any guarantee of profits. Our team gives the advice as per the situation of the market, the final decision of investment will be completely yours. We advise you to not follow the past performance blindly because it's not an indicator of the future returns. Investment in the stock market is subject to market risks. We advise to read the documents carefully and take the advice of your financial advisor before making any type of investment. We are not individual financial advisor and do not take any responsibility of profit or loss. You can't take any legal action on us regarding the profit or loss through our financial advice.

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