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Term Insurance : Ensure Financial Security for your family by 1000 Rupees/Month.

Term insurance are typically lowest premium insurance plans that provide full protection and financial stability to your family in case of any unforeseen events.   A term insurance plan is the simplest form of financial protection that can help your family meet its financial needs in your absence.   In case of death of the insured individual during the policy term, insured amount would be given to nominee/family members.

1. Term Plans provide high life insurance cover at lowest premium. Just 1060 rupees premium for 2 crores.

2. Term Plans help you protect your family from any unforeseen events. you can select lump-sum payment or monthly payout for your family.

3. They offer tax benefits on premiums paid and the payout received.

4. It ensures your child education even your absence.

It is lowest premium to get high insurance cover.

Term insurance is available for all age group from 18 – 60 years.   You should take term insurance of 10-15 times of your annual income.   If your annual income is 10 lakhs, you should get term insurance for 1 crore.    Term insurance are more flexible.   You can opt to receive the benefits in the form of regular monthly income, along with lump sum payment or lump sum payment.   If you are married or you have kids, you should take term insurance without second thought.

You should take term insurance of 10-15 times of your annual income.

Term insurance provides the highest life insurance coverage for the lowest premiums during the period of the plan.   Insurance premium amount difference according to age, smoking habit or term plan.   Sample premium below for your information.

25 years Male – Non Smokers:

For 2 Crores Premium amount, Rs 1060 per month is for regular pay, non smoking, male, 25 years of age, 40 years policy term, inclusive of taxes.

For 1 Crore Premium amount, Rs 584 per month is for regular pay, non smoking, male, 25 years of age, 40 years policy term, inclusive of taxes.

For 50 lakhs Premium amount, Rs 347 per month is for regular pay, non smoking, male, 25 years of age, 40 years policy term, inclusive of taxes.

For 25 lakhs Premium amount, Rs 265 per month is for regular pay, non smoking, male, 25 years of age, 40 years policy term, inclusive of taxes.

30 years Male – Non Smokers:

For 2 Crores Premium amount, Rs 1500 per month is for regular pay, non smoking, male, 30 years of age, 43 years policy term, inclusive of taxes.

For 1 Crore Premium amount, Rs 853 per month is for regular pay, non smoking, male, 30 years of age, 43 years policy term, inclusive of taxes.

For 50 lakhs Premium amount, Rs 479 per month is for regular pay, non smoking, male, 30 years of age, 43 years policy term, inclusive of taxes.

For 25 lakhs Premium amount, Rs 322 per month is for regular pay, non smoking, male, 30 years of age, 43 years policy term, inclusive of taxes.

40 years Male – Non Smokers:

For 2 Crore Premium amount, Rs 1600 per month is for regular pay, non smoking, male, 40 years of age, 43 years policy term, inclusive of taxes.

For 1 Crore Premium amount, Rs 950 per month is for regular pay, non smoking, male, 40 years of age, 43 years policy term, inclusive of taxes.

For 50 lakhs Premium amount, Rs 550 per month is for regular pay, non smoking, male, 40 years of age, 43 years policy term, inclusive of taxes.

For 25 lakhs Premium amount, Rs 430 per month is for regular pay, non smoking, male, 40 years of age, 43 years policy term, inclusive of taxes.

It is very easy to start the term insurance, some of these term plans can also be bought online within a few clicks.   Visit the famous term insurance providers MAX Life insurance, HDFC Life and ICICI Life.    Compare the different term insurance policy to check on critical illness or cancer coverage on website bankbazaar and easypolicy.   Buying insurance online directly from the insurance company’s website is a preferred way as it is cheaper than buying it offline.

It is lowest premium to get maximum cover for your family. Let start term insurance today !!

Term insurance is the best and the only form of insurance for your family.