Term Life Insurance in Andaman and Nicobar Islands 2024

However, despite these beautiful and natural advantages, the residents of Andaman and Nicobar Islands face several challenges, including geographical isolation, limited infrastructure, and susceptibility to natural disasters. Therefore, in light of these challenges, the people at Andaman and Nicobar Islands must definitely protect themselves from these uncertainties of life and buy term insurance plans. Let’s discuss this in detail. 

Need For Term Insurance Based On Statistics Of Andaman and Nicobar Islands

Here are some facts and statistics about Andaman and Nicobar Islands that you must know to buy term plan:

• The sex ratio in the Andaman and Nicobar Islands is 876 females for every 1,000 males, which is lower than the national average of 940, according to the latest census.

• The average life expectancy in Andaman and Nicobar Islands is 67.1 during 2019-21.

• The literacy rate in Andaman and Nicobar Islands is 86.63%, as per latest data.

• The current estimate population of Andaman and Nicobar Islands is 4.10 Lakhs.

• In the Andaman and Nicobar Islands, oral cancer is the most frequent type of cancer among the population at 19.27%, followed by breast cancer at 16.36%.

• The death rate in the Andaman and Nicobar Islands has fluctuated in recent years but generally increased from 2001 to 2020, reaching 5.8 deaths per 1,000 people in 2020.

Term Life Insurance Quotes in Andaman and Nicobar Islands 2024

The Andaman and Nicobar Islands face many key challenges annually. Being a remote location makes it hard to get good healthcare and job opportunities. The area also faces natural disasters like cyclones and floods, which cause severe damage to life and property. These challenges make life on these islands tough.

Term insurance in Andaman and Nicobar Islands can easily be found online on Policybazaar (official website or app) by comparing different term insurance plans offered by different insurers. Policybazaar has its own comparison engine where you can easily compare term plans from 15+ top insurers. Here is a list of all the term life insurance plans in Andaman and Nicobar Islands:

*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

How can you contact Policybazaar to buy term insurance in Andaman and Nicobar Islands?

You can reach out to Policybazaar for assistance with your term plan in Andaman and Nicobar Islands using the following resources:

Claim Assistance Helpline:

For claim support, call Policybazaar's helpline at 1800-258-5881.

Manage your claims conveniently by logging into 'My Account' on the Policybazaar website.

Policybazaar App:

Download the Policybazaar app for prompt customer support.

Address any insurance-related questions directly through the app.

*You can also contact Policybazaar insurance advisor to clear all your doubts related to existing or new term plans, resolve queries, and know about claim settlement.

Why Should You Buy Term Insurance In Andaman and Nicobar Islands?

There are multiple reasons why people of Andaman and Nicobar Islands must definitely buy term insurance or life insurance plans. Here are some of those reasons discussed in detail:

• Geographical Isolation: The Andaman and Nicobar Islands are geographically isolated, making transportation and access to services challenging, especially during emergencies. Term insurance can provide financial support to families in case of unforeseen events, ensuring they have financial protection even when the policyholder is no more alive.

• Economic Opportunities: Economic opportunities in Andaman and Nicobar Islands are relatively limited, affecting job prospects and financial stability. Term insurance provides financial security to families, ensuring they are protected in case of the policyholder’s untimely demise, helping them manage economic uncertainties.

• Natural Disasters: The region is prone to natural disasters such as cyclones and floods, which can cause significant damage to life and infrastructure. Term insurance, therefore, offers financial protection, helping families recover and rebuild their lives after the unfortunate death of the bread earner/policyholder.

• Healthcare Access: The islands have limited healthcare infrastructure, which can make accessing medical care difficult and expensive. Term insurance can offer coverage for medical emergencies and critical illnesses, alleviating the financial burden of healthcare costs. For example, with the help of critical illness benefit, terminal illness benefit, etc. in term insurance, people of Andaman and Nicobar Islands are now secured of major health related problems. 

• Educational Challenges: Access to quality education can be limited due to geographical and infrastructural constraints. Term insurance can help secure funds for children’s education, ensuring they have opportunities for a better future despite all the challenges.