• Simplicity:

  Term Insurance Plans are very simple and convenient. Once you buy Term Plan online and pay the premium, you are covered for the term you have chosen.

• Affordability:

  Term Insurance Plans have a highly competitive market making them easily comparable with each other on the basis of their prices. With our Online Term Plan, you can pay the premium either in a single go or monthly, quarterly, half-yearly, or on an annual basis. It is very flexible and affordable to buy Term Plan online.

• Tax Benefits:

  Under Section 80C, the premium paid is eligible for tax exemption as per the Income Tax Act 1961. According to the prevailing tax laws, even death benefits are exempted from taxation as per Section 10 (10D). Buy Term Insurance online for both financial protection as well as tax benefits!

• Ensure that your policy fulfils your unique requirement!

  To help you figure out the suitable cover amount, let us assume that the cover amount should be 10 times your annual income. Multiplying the annual income by 10 is appropriate considering inflation and loss of income. If you are 30 years old and your annual income is INR 7 lakhs, your chosen Sum Assured should be INR 70 lakhs. The Sum Assured should also depend on other factors such as if you marry early or late, or when you have children. You should prepare a list of all your assets and liabilities, future goals etc., and finalize on an amount that you believe would work for you.

• Be specific about the duration for which you want the coverage.

  Your online Term Insurance policy must cover you till the age you wish to work. You must take into consideration the age at which you wish to retire. Ideally, you can take the difference between your assumed retirement age and your current age as your policy tenure.

• Keep in mind Inflation!

  Since inflation causes a rise in prices, the purchasing power of your money today would reduce later on. Hence, a periodic increase in your Sum Assured would help assure you even against inflation.

Standard Income Proof

The documents which are accepted as standard income proof to buy term insurance online are:

• Salary Slips of the last 3 months from Government, MNC, or Private Limited Companies.
• Income Tax Returns of the last 3 years along with computation of income.
• Bank Statements of the last 6 months with salary entries.
• Audited Business Account Statements of the last 3 years, including Balance Sheet and Profit & Loss Account Statements from the CA. It is mandatory to have the CA's stamp and membership number.
• Latest Form 16.

Address Proof

The following documents are accepted as proof of address to buy Online Term Plan:

• Leave & License agreement
• Bank Statement or Passbook with latest entries for 6 months
• Driving License with address mentioned
• Utility bill (Electricity, Telephone, Post-paid Mobile Phone, Pipe-line Gas, Water) from any service provider that should not be older than 2 months.
• Passport
• Voter ID card
• Aadhar Card
• Property or Municipal Tax Receipt
• Post Office Savings Account Statement

ID Proof

The following documents are accepted as ID proof:

• PAN Card
• Passport
• Aadhar Card
• Voter Id card

Age Proof

The following documents are accepted as proof of age to buy Term Plan online:

• PAN Card - acceptable only if date of issue is greater than 1 year
• Passport
• Aadhar Card - acceptable only if complete DOB is given. Aadhaar Cards with DOB given as YYYY, 01/01/YYYY, or as 01/07/YYYY formats are not acceptable DOB as age proof for our term insurance plan
• Municipal Birth Certificate
• Driver's License - acceptable only if date of issue is greater than 1 year
• Leaving Certificate from School or College

The Sum Assured in any term insurance plan is the amount that the insurer agrees to pay the insured upon the occurrence of a stated contingency. While signing the life insurance contract, the insurer and the buyer agree on a certain amount that would be payable after the death of the insured to the nominee or the beneficiary. This amount is called the Sum Assured and is flexible in our Online Term Plan.