A Term Life Insurance plan is the simplest and most affordable form of life insurance. It provides financial protection to your family in case of your untimely death during the policy term. If the insured passes away within the chosen tenure, the insurer pays a death benefit to the nominee. However, if the insured survives the term, no payout is made — making it a pure risk‑cover plan.
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Type
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Description
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Level Term Plan
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Fixed sum assured throughout the policy term.
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Increasing Term Plan
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Coverage increases annually to match inflation or growing responsibilities.
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Decreasing Term Plan
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Coverage reduces over time, ideal for loans or liabilities.
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Return of Premium Plan Refunds all premiums paid if the insured survives the policy term.
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Return of Premium Plan Refunds all premiums paid if the insured survives the policy term.
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Zero Cost Term Plan
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Allows early exit with refund of premiums after a certain period.
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