What is Direct Term Life Insurance?

Traditionally, buying a term insurance policy involves various steps such as visiting an insurance agent and then waiting for months or weeks for the processing of paperwork. In a world, where anyone can buy anything from apparel to cars online, various people are not ready to spend time getting covered. This is why Direct Term insurance exists. The simplest way to understand Direct Term Insurance is by using DTC, or Direct-To-Consumer. This simply suggests that this is term insurance that you can buy directly from an insurer, typically online, without visiting any agent or any type of intermediary.

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What is Term Insurance?

To make you know direct term life insurance, it is important to learn about term insurance plans. Term insurance offers the life assured with coverage for a specific (fixed) amount of time. It is an agreement between the insurer and the policyholder, wherein in case of the untimely demise of the policyholder during the policy term, the specific amount is paid to the nominee. For instance, the term life insurance policies provide coverage in between 5 to 40 years, dependent on what the policyholder chooses. After the expiration of the policy, you can renew your coverage at an increased rate or let the coverage lapse.

Direct Term Life Insurance

Direct Term is a term life insurance policy that provides you coverage for a particular length of time i.e. generally for 10 years to 30 years. In case of your unfortunate death, while the policy is in force, your loved ones will receive a cash payout based on the amount of coverage that they use to cover any long- or short-term financial requirements. Term life insurance is the most pocket-friendly and flexible type of coverage that makes it the right choice for several families. With the plan's simplicity, term life insurance is the right choice for buying policies directly from a life insurer, rather than working with an intermediary or independent agents.

Direct term life insurance is also used by various names in the insurance market such as online consumer insurance, direct life insurance, direct-to-consumer life insurance, term insurance online, and DTC Life insurance. There are several names used for direct term life insurance, so it is important to understand that opt for direct term life insurance if you want to buy term insurance without the help of an agent.

Benefits of Direct Term Life Insurance

Direct term life insurance policy offers financial security and peace of mind for the distinctive time-strapped family without any hassles that can come in a way of buying insurance. Here’s a quick laydown of benefits:

Convenient

One of the main benefits of direct term life insurance is its convenience. Purchasing direct term insurance online means you can shop at your convenience while sitting at your home. You can find the ideal term and conditions that suit you and your family.
Speed

With direct term insurance, you do not have to wait for an appointment with an insurance agent. The online processing and the research procedure are quite speedy and upfront. While filling the application online mode, you have to answer some questions on the quote application form and the list of companies will come up. After deciding the company, you want to opt for, apply online and your coverage will start from the same day.
Personalization

The whole process is quite personalized. The question you are answering helps you to know about your requirements and they will also allow you to understand the entire process at your speed. Various companies have the chat box feature if you require assistance while applying for direct term life insurance.
No Medical Test Policies

The major reason people purchase direct term life insurance is that various insurers offer this kind of insurance plan without a medical examination test. Several insurers will ask health/medical-associated questions to make sure that they are protecting you with the right policy.

Why Choose Direct Term Life Insurance Policy?

You do not have to deal with insurance agents
The ability to apply for life insurance at your own pace
Updates of your policy status are sent instantly

If the speed of the application process or the fast approval is important to you, then purchasing life insurance with an insurance company directly will be the smart decision for you.

Is Direct Term Life Insurance being the Right Choice for Me?

In this high technology world, direct term life insurance is the right and ideal choice for many people. If you are an individual with a busy schedule, this term insurance is the right solution for you. You can easily shop for direct life insurances online and there is no need to make an appointment with an insurance agent. You can get quotes related to life insurance instantly. While purchasing a direct term life insurance policy, you can receive a real-time update about your policy sent to you instead of waiting for it to get information from a third party.

Wrapping It Up!

Direct Term Life Insurance is offered online where consumers can directly deal with the insurer. Now you can do every step of the insurance purchasing process without getting in contact with an insurance agent, and you can go at your leap.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

Different types of Plans

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List of Term Insurance Companies

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Life Insurance Corporation of India

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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