Prices Increasing soon Prices Increasing Soon

How to purchase the Best Term Policy?

With the growing awareness, term insurance has gained huge popularity today. Advertisements by insurance companies and dropped premium rates have invited numerous people. And, the facility of purchasing policies online is just another feature that attracts the customers by helping them to compare the best term policies. Term insurance is considered the best and most suitable plan by the financial planners because it provides higher cover at lower premiums.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

The amount paid for purchasing a ULIP or money-back policy with same coverage is known as the premium. No-investment element and the lower premium are the factors behind the vast demand for term policy.

Here are the points to ponder when planning to purchase term insurance policy-

Adequacy of The Cover Amount

Life insurance cover is the amount provided by the insurance company to the dependents of the policyholder in case of his demise in order to replace his earnings. Hence, the chief priority is the analysis of cover amount that would be enough for the primary expenses, basic expenditure and other accountability of dependents. Select the best term plan with a cover that helps the nominee lead a relaxed life.

What’s The Policy Tenure?
Term plan tenure is another thing that requires attention. Getting coverage till retirement is one of the best things a policy can offer.
The new trend of late marriages and having children at a higher age has changed our lives where we generally don’t retire from our responsibilities at an age of 60 years.

The best term policy would provide you the flexibility in selecting the policy tenure as per the circumstances.  There are fixed tenure policies with cover for 15, 20, 25 or 30 years. Some plans might not offer you any cover after 60 years. It is always better to opt for policies which can be customized according to your need.

Comparison of Plans
It is always better to compare the plans by various insurers and analyze the features along with premium charges. This process can help you purchase the most affordable policy. In addition to the plan, keep a check on the claim allowance when deciding on the insurer.

The Unforgettable Inflation Factor
Inflation is something which has acquired an important place in our life. When searching for the best term policy, do analyze the cover according to the inflation factor. The cover might look sufficient today, but not at the end of the plan.
Many companies have come up with a solution of increasing your cover every year by a percentage of about 5-10% but such plans have higher premiums as well.

Online Term Plan Benefits
Now-a-days, all insurers have come up with online term plan option that generally benefits you in two ways-  Firstly, you can perform the compare and contrast process and analyze each plan minutely . Secondly, there are no extra broker charges as the process does not require any dealer in between, making it a cost-effective means.

In addition to the above points, one must also have knowledge about the insurer’s claim settlement period for selection of the best term policy.
All these steps can help you select the plan that best matches your requirements and plans for your dependents. 


Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
16 Apr 2024

Term Life Insurance in Haryana 2024

Haryana, meaning Forest Land of Hari, is an Indian state that

Read more
16 Apr 2024

Term Insurance for Maharashtra

Maharashtra, a state filled with lively cities and beautiful

Read more
11 Apr 2024

Government Term Insurance Schemes 2024

The Government of India is committed to the welfare and

Read more
03 Apr 2024

How Policybazaar Helps With Dedicated Claim Assistance

Mr. Kumar has been working with a Public sector bank in Delhi.

Read more
19 Mar 2024

Kotak Term Insurance Login

Kotak Life Insurance is one of the leading insurers offering a

Read more
07 Mar 2014

1 Crore Term Insurance - Buy ₹1 Cr Term Insurance Plan...

Term insurance is a type of insurance plan that offers financial security to your loved ones in the event of your

Read more
27 Jun 2018

What Is Difference Between Term Insurance And Life Insurance

Life insurance plans help you create wealth, protect your family for the entire policy term, and save on your

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. To ensure your

Read more
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL