Term Insurance for Disabled Person in India

Term Insurance for People with Disabilities

Term insurance for disabled persons is designed to offer life cover to individuals with disabilities. It ensures their families are financially protected if the policyholder passes away during the policy term.

Here's a look at the key aspects:

Eligibility:

Most insurance companies provide term insurance for disabled persons, though the eligibility criteria might differ based on the type and extent of the disability.

Medical Underwriting:

Insurers may require detailed medical reports and assessments to understand the disability's impact on life expectancy.

Features of Term Insurance for Disabled People

Some of the features prospective policyholders can expect from such a plan are:

Life Cover:

Provides a death benefit to the beneficiaries if the policyholder dies within the policy term.

Affordable Premiums:

Premiums for term insurance are generally lower compared to other types of life insurance.

Flexible Policy Term:

Policyholders can choose the term length that best suits their needs.

Benefits of Term Insurance for Disabled People

The key benefits a disabled person can expect from a term plan are:

Financial Security:

Ensures the policyholder's family is financially protected.

Customisable Coverage:

Add-on riders such as critical illness or accidental death benefits can enhance coverage.

Term Insurance Tax Benefits**:

Premiums paid towards term insurance are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. The death benefit is also tax-free under Section 10(10D).

A term insurance calculator is an essential tool for prospective policyholders. It helps in estimating the premium amount based on factors such as age, policy term, and sum assured.

Term insurance for disabled persons is a vital instrument for ensuring financial stability and security. It offers the same core benefits as regular term insurance, with additional considerations to accommodate the needs of disabled individuals.

Disclaimers:

** Tax exemptions are as per applicable tax laws from time to time.

IndiaFirst Life Insurance Company Limited, IRDAI Regn No.:143, CIN: U66010MH2008PLC183679, Address: 12th & 13th floor, North [C] Wing, Tower 4, Nesco IT Park, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400 063. Toll-free No – 18002098700. Email Id:customer.first@indiafirstlife.com, Website: www.indiafirstlife.com, Fax No. +91226570600. For more details on risk factors and terms and conditions, please read the sales brochure carefully before concluding the sale. Trade logo displayed above belongs to our promoter M/s Bank of Baroda and is used by IndiaFirst Life Insurance Co. Ltd. under license.

IndiaFirst Life Guaranteed Protection Plus Plan

Product Image
Product Name: IndiaFirst Life Guaranteed Protection Plus Plan
Dropdown Field: Tax Saving
Product Description: Need a protection plan that is tailored especially for your needs? Look no further! This plan aims to give you and your family financial security in an easy and convenient way.
Product Benefits: Option to Get Your Money Back (ROP)
Tailormade plans
Flexibility to pay premiums at your convenience.
Insure your spouse in the same policy
Cover till 99 years of age
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Plan

Product Image
Product Name: IndiaFirst Life Plan
Dropdown Field: Tax Saving
Product Description: A protection plan for your family that helps them stand independently! IndiaFirst Life Plan gives your family a financial cushion to fall back on in your absence.
Product Benefits: Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Long term protection
Tax* benefits
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Radiance Smart Invest Plan

Product Image
Product Name: IndiaFirst Life Radiance Smart Invest Plan
Dropdown Field: Investment
Product Description: Have you heard of a plan that not only gives you a life cover but also helps in wealth creation? Enjoy 2 benefits in 1 plan with IndiaFirst Life Radiance Smart Invest Plan.
Product Benefits: Zero Fund allocation charges
10 different funds to choose from
3 plan options to achieve your investment goals
100% money invested for higher returns
Life cover charges returned at the end of policy year
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Guarantee of Life Dreams Plan

Product Image
Product Name: IndiaFirst Life Guarantee of Life Dreams Plan
Dropdown Field: Savings
Product Description: Wouldn't it be wonderful if we had a second source of income to support our dreams? Here is a way to make your dreams come true where you can start earning an income from the end of the 1st month itself.
Product Benefits: Choice of 3 income Options
Guaranteed Long-Term Income
Life Insurance Cover
Benefits of long-term Savings.
Protection even if you miss one premium.
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

Indiafirst Life Guaranteed Single Premium Plan

Product Image
Product Name: Indiafirst Life Guaranteed Single Premium Plan
Dropdown Field: Guaranteed Returns
Product Description: Wondering if there is a way to get 7x return on your investments? Your search ends here! With this single payment plan, you can achieve your financial goals.
Product Benefits: Guaranteed 7x returns on investment
One-time payment (Single Pay)
Tax saving benefits
Life Cover that is 1.25 times higher
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Guaranteed Pension Plan

Product Image
Product Name: IndiaFirst Life Guaranteed Pension Plan
Dropdown Field: Retirement
Product Description: Make your golden years truly golden! Invest in the Guaranteed Pension Plan that is designed to guarantee an income for as long as you live.
Product Benefits: Receive income during retirement years.
Choose among 5 different annuities.
Option to extend pension benefits to loved ones.
Return of purchase price
Increasing annuity(pension) option
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More