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Term Insurance
  • tax saving benefit
    Tax Saving Benefit
    Under section 80D
  • Return of premium
    Return of Premium
    ROP option
  • entry age
    Entry Age
    6 months to 65 years
  • online discount
    Online Discount
    Get upto 10% online discount
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05-Mar-2026
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Term Life Insurance in India - Financial Security for Your Family

Term insurance is the purest and simplest type of life insurance which offers financial protection and safety for your family after you. This single tool can help the nominee in case of the assured's unforeseen death during the policy term. It covers various expenses like education, housing, groceries and more of your loved ones in your absence. A term life insurance plan provides high life cover on a fixed premium, which is determined by the insurance company. The term insurance premium amount varies based on several key factors, such as your age, gender, occupation, and lifestyle habits.

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Why Should I Buy a Term Insurance Plan?

People of every background want to cover financial protection for their own family after his absence. Term plans also help families pay off debts like home loans and car loans after losing a family member, specifically the family's breadwinner.

  1. Family's Future: As a primary breadwinner, you must ensure the well-being of your parents, spouse, and children. A term life insurance plan provides high life cover for your dear ones, even in your absence.
  2. To Protect the Assets: You may have taken loans to buy assets like a car, or home. You can make sure that term insurance offers your family the financial support they need to repay your outstanding dues after you.
  3. Tax Benefits: Term insurance premiums are eligible for tax deductions under Section 80C and death Benefit is tax-free with Section 10(10D) of the Income Tax Act.
  4. To Reduce Lifestyle Risks: The unforeseen death of the family's breadwinner can make it difficult for loved ones to carry on with their lives. This can impact their work and ability to earn money, However buying the best term insurance plan can help the surviving family with adequate financial support at a trying time.
  5. Be Prepared for Uncertainties: Life is unpredictable, and plans can change at any moment due to factors beyond our control. This can be best understood during the COVID-19 pandemic, life can be uncertain. Term insurance can help you prepare for unexpected financial needs with a wide range of life's uncertainties.

Benefits of Buying a Term Insurance Plan

tax saving benefit

Tax Saving Benefits

Whole life coverage

Whole Life Coverage

Financial protection to family

Financial Protection to Family

Additional financial security

Additional Financial Security

easy to buy

Easy to buy

High life cover at low premium

High Life Cover at low premium

Get premiums back

Get all your premiums back

Multiple payout option

Multiple Payout Option

Who Should Buy a Term Insurance Plan?

Anyone who has financial dependents should buy a Term Insurance Policy including parents, married couples, self-employed or businessmen and in some cases, even retirees.

  1. Term Insurance for Parents: Starts a new chapter in life after Becoming a parent and as a parents financial responsibilities continue to expand—from school fees and daily living expenses. A term insurance plan provides financial support for their children in case of an unfortunate event. This is one of the most impactful decisions you can make early on.
  2. Term Insurance for Women: Term insurance is equally important for all genders, women are equal to men in managing finances and play a crucial role in supporting their families. Term Insurance helps protect your family—whether it's your parents, partner, or children—remains financially stable even in your absence.
  3. Term Insurance for Tax Payers: If you are a taxpayer, term life insurance plans offer tax benefits that can help you save your taxes. The premium amount is eligible for a tax deduction under section 80C of the Income Tax Act, 1961.
  4. Term Insurance for Self Employed: As a self-employed person your income may fluctuate based on market conditions, business cycles, or client demands. Given these unique challenges, term insurance provides financial security to the families even when you are not around.
  5. Term Insurance for Married Couple: A Newly Married life starts with joy and excitement, but it also comes with important responsibilities. By investing in term insurance as a couple, it is one of the most impactful decisions you can make early on. This policy provides a lump sum payout that can cover living expenses, debts, and other financial obligations, in case of an unfortunate event.
  6. Term Insurance for Retirees and Senior citizens: Retired and Senior citizens (60 years or above) can secure their family members depending on them by buying a term insurance plan. The nominee gets a tax-free payout, as long as they meet the rules in Section 10(10D) of the Income Tax Act, 1961.

Document required to Buy Term Insurance Plan

Make your application process smooth by keeping these documents handy:

  1. KYC document: Any one of the following documents can be submitted as identity & Address Proof
    1. PAN Card
    2. Aadhaar card
    3. Passport
    4. Driving license
    5. Voter ID
  2. Income Proof: Salary slips, Latest Form-16 and IT returns, Bank statement
  3. Medical Report: Latest medical reports of the policy holder provided by the insurer

How to Buy Term Insurance Online

  1. Visit Web online CA Website and visit term life insurance
  2. Enter your basic details such as name, age, gender and contact number
  3. Fill your personal habits, educational qualification, occupation type and annual income
  4. Once done, you will receive a call from our team and guide you on the next steps
  5. Select the most suitable plan and proceed to pay to generate a policy

What are the Documents Required for Term Insurance Claim Process?

  1. Duly filed Insurance company's claims form which is available online and offline
  2. Medical records such as admission/discharge/death summary and test results
  3. Original term policy documents
  4. Death Certificate
  5. Photo and ID Proof of the nominee like Aadhaar Card, PAN Card or Voter Id
  6. Nominee's cancelled cheque and NEFT mandate form

Frequently Asked Questions

Anyone who wants to secure their family's financial future should consider term insurance, especially breadwinners, working professionals, and parents.

Coverage depends on your family's financial needs, liabilities, and future goals. A common rule is 10-15 times your annual income.

Most term plans offer a tenure ranging from 10 to 40 years, depending on your age and insurer.

Peace of mind knowing your loved ones are secure

Financial protection for family

Low-cost premiums for high coverage

Tax benefits under Section 80C

Yes, most insurance brokers allow you to compare, select, and apply for term insurance online with minimal paperwork and instant approval.

If you survive the policy term, term life insurance does not pay out the sum assured unless you have opted for a return-of-premium feature.