Protect Your Family’s Future with Term Insurance

Term Insurance provides a financial safety net for your family, ensuring they’re protected from financial hardships in case of an unexpected event. With Rupeemoney, you can compare top term insurance plans and choose the one that best fits your needs and budget.

Benefits of Term Insurance

  • Financial Security for Your Family
  • Tax Deduction Under 80C
  • Affordable Premiums
  • Up to 10% Online Discount

  • The Rupeemoney Advantages
  • Discount up to 10% for online purchases
  • Dedicated claim support for family (Free)
  • Advisors available in your city
  • 1 Crore

    Registered Consumers
  • 50 Partners

    Insurance Partners
  • 1.2 Crore

    Policies Sold

What is Term Insurance?

Term insurance is a type of life insurance that provides financial security to the policyholder’s family in case of an unfortunate event during the policy term. It is a pure protection plan that offers high coverage at an affordable premium, ensuring your loved ones are financially secure even in your absence.

Eligible ages:

  • Minimum Age: 10 Years
  • Maximum Age: 65 Years

How Does Term Insurance Work?

  1. Choose Your Sum Assured: Decide the coverage amount based on your family’s future financial needs.
  2. Select the Policy Term: Pick a term that aligns with your goals, like children’s education or mortgage repayment.
  3. Pay Premiums: You can pay premiums annually, semi-annually, quarterly, or monthly.
  4. Get Coverage: The insurer provides financial protection during the policy term.
  5. Claim Settlement: In case of the policyholder’s demise during the term, the sum assured is paid to the nominee.

If the policyholder survives the term and opts for a Return of Premium (ROP) plan, the premiums paid might be returned at the end of the policy term.

Frequently Asked Questions

Is term insurance a good investment?

Yes, term insurance is a cost-effective way to secure your family’s financial future, offering high coverage at a low cost.

Can I buy term insurance online?

Absolutely! Many insurers provide an easy online application process with discounts on premiums.

What happens if I stop paying premiums?

If you stop paying premiums, your policy will lapse, and the coverage benefits will cease unless you revive it within the grace period.

Can I increase the sum assured later?

Many plans allow increasing coverage at life milestones like marriage or the birth of a child.

Are term insurance premiums tax-deductible?

Yes, you can claim tax benefits under Section 80C for premiums paid and Section 10(10D) for the death benefit received.

By investing in term insurance, you ensure your family’s financial stability even in uncertain times. Choose wisely based on your financial goals and life stage!

Talk to our insurance experts

Speak with insurance experts and ask questions before finalizing your plans or if you want help regarding our services. Our dedicated staff is more than happy to call and guide you.