Prices Increasing soon Prices Increasing Soon

Benefits of Buying Term Insurance Plans Online

Term insurance plans are definitely the easiest way to secure your loved ones against any eventuality. They are pure risk protection plans that offer financial protection to your nominee in the event of your unfortunate death. You can buy term plan online to secure your family’s future and get the following benefits of term plans. 

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~
6.7 Crore
Registered Consumers
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:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
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.

Benefits of Online Purchase of Term Insurance Plans 

Here is a list of all the benefits of buying a term insurance plan online 

  • Low Premiums: Term insurance plan are arguably the most affordable life insurance products. They offer premiums lower than most life insurance plans and buying the term plan online can help you save more through various online discounts.

  • High Sum Assured: You can get term insurance plans with a large life cover of up to Rs. 10-20 Crores. Many insurers offer 1 Crore term insurance at budget-friendly premiums, which will provide Rs. 1 Crore to your family in case of your unfortunate death during the policy term.

  • Fixed Premiums: If you purchase a 1 Crore term insurance at the age of 25 years old, the premium rates at the time of policy purchase will remain the same throughout the policy term. 

  • Tax Benefits: Term Insurance Plans provide tax benefits under sections 80C and 10(10D) of the Income Tax Act of 1961. Section 80C is applicable to the premiums paid whereas section 10(10D) provides tax benefits against the benefit received by the customer at the end of the policy.

  • Add-on Riders: The important term insurance riders when included in the base plan can enhance the coverage of your base plan. These riders are available at an extra premium added to the base premium amount.

  • Flexibility: Term plans offer flexibility to their customers as they can choose a term plan providing coverage for 5 to 40 years. You can also choose the premium payment options and modes as per your convenience.

  • Paperless: One of the biggest benefits of buying term insurance online provides you with the benefit of making the whole process paperless. You can access the policy documents anywhere and anytime with the policy documents on your phone.

  • Easy Comparision: You can compare term plans from different insurers online on the basis of the premium rates, policy terms, sum assured, CSR Values, and the other benefits offered under the plan online all on the same platform. 

  • Transparent: You can asses the term plans online much more efficiently since there are no agents online. You can understand and review the policy documents and the required premium amount online using the term insurance premium calculator.

  • Secure Premium Payments: You can pay your premiums online securely as a lot of the insurers offer SSL certificate payment portals. You make your premium payments online following the company’s online premium payment process.

Different types of Plans

Premium By Age
View Plans
Download the Policybazaar app
to manage all your insurance needs.