Protecting What Matters the Most with

Term Insurance

Term life insurance plans are simple instruments designed to address the need for financial security for your loved ones in your absence. With IndiaFirst Life Term Insurance, you can offer them a secure future, without stressing about the details. Get a level term plan, the simplest form of life insurance, and access significant coverage at an affordable cost.

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FAQs

What is Term Insurance?

Term insurance is a type of life insurance that mainly provides financial cover for a pre-determined period (usually a certain number of years). If something unfortunate happens that leads to your passing away during this pre-determined period, a term insurance plan can provide financial coverage to a nominee you choose. To ensure the validity of the coverage, you simply have to pay certain pre-determined amounts on a regular basis.

A pure term plan does not provide any financial coverage if you survive the policy term. There are customisations and term plan options you can choose to go for, in order to get any survival benefits or return of the payments made.

Now that you know what term insurance is, let’s explore who can buy it.

What are the Benefits of Term Insurance?

The benefits of term insurance may not be obvious to all, given the simplicity of these plans. Depending on the plan chosen and the customisations opted for, you can find these simple plans offering the below benefits.

Life Cover

The primary benefit offered by term life insurance plan, is a life cover, which can work as a source of financial stability for the beneficiary of the plan. This is provided against the premiums paid into the plan by the policyholder. Upon the passing of the life assured during the policy duration, their nominee can initiate a claim and receive the sum assured.

Affordable Premiums

While affordability may be relative, term insurance plans happen to be one of the low-priced life cover options available in the market. So, whether you are at the start of your career or close to retirement, it is likely you may find a plan within your budget.

Maturity Benefits

While this may not be applicable to all sub-types of term insurance, you may be able to opt for maturity benefits if you opt for term plan with a return of premium option. These can be priced slightly higher but offer maturity benefits for those who seek them.

Tax-saving Prospects

If you are a taxpayer under the old regime, you may be able to claim exemptions under Section 80C for the premiums paid into your term insurance. Similarly, if you are a nominee receiving a term plan benefit, it can be tax-free if you claim an exemption under Section 80D. You may consult your tax advisor to know how to claim this benefit.

Add-on Benefits

With the right rider choices, you can create a term plan that suits your needs and offers coverage for situations you may want to stay prepared for. For example, with a critical illness term insurance add-on, you can rest assured that at least some of your expenses after being diagnosed will be taken care of with the claim amount.

Explore IndiaFirst Term Insurance Plans

Products

IndiaFirst Life Elite Term Plan

Product Name
Product Description: With IndiaFirst Life Elite Term Plan, you not only fulfil your commitment, but also ensure that money is the last thing your family have to worry about. IndiaFirst Life Elite Term Plan is a pure protection plan that ticks everything off your checklist.
Product Benefits: High cover at affordable cost
Lifetime protection till age 99 years
10% discount on 1^st Premium on online buy
Tax benefits as per applicable tax laws
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Tax Saving

Products

IndiaFirst Life Plan

Product Name
Product Description: Protect your family's future with IndiaFirst Life Plan – a plan that caters to your family's protection requirements and offers great benefits to keep your loved ones secure.
Product Benefits: Flexible Policy Term Options
Guaranteed Death Benefits
Choice to Customise Life Coverage
Tax Benefits
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Tax Saving

Products

IndiaFirst Life Super Protection Plan

Product Name
Product Description: Protect your family’s happiness & future with our most flexible term plan. Buy this term life insurance and give your loved ones the financial security they deserve.
Product Benefits: Option to get your money back (Return of Premium- ROP)
Flexibility to pay premiums at your convenience
Lifetime protection till age 99 years
Sum Assured as lumpsum or monthly instalments
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Tax Saving

Products

IndiaFirst Life Saral Jeevan Bima Plan

Product Name
Product Description: Take a step towards securing your family's financial future with IndiaFirst Life Saral Jeevan Bima Plan. This pure term insurance policy is designed to provide lump sum benefit as a safety net for your loved ones in case of unexpected events. Safeguard their dreams by choosing our term plan today!
Product Benefits: Life Insurance Cover of up to ₹50 lakhs.
Flexible premium payment options
Up to 40 years of protection for loved ones.
Protection against COVID-19 with lump sum benefit.
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Term Plan

How Does A Term Plan Work?

Whether you are a prospective policyholder, someone who owns a term insurance policy, a nominee, or someone who has never had to deal with insurance, understanding how does term life insurance work is crucial. This will allow you and your loved ones to make the right financial decisions to plan a secure future.

Pure Protection
Term insurance plans provide "pure risk" coverage for a set period (e.g., 20 years). Unlike investment-linked policies, they lack a savings component, which keeps the purchase price low while allowing for a high value of financial coverage.
Underwriting
To determine your risk profile and the value of the payments required, the insurer’s underwriting team evaluates several key variables, including your age, medical history, income, occupation, and lifestyle habits.
Legal Framework
A term insurance plan is a binding contract where you provide honest health/lifestyle data in exchange for coverage. Any misrepresentation or failure of payment can void the agreement and lead to rejection of benefits.
Dynamic Coverage
Plans can evolve with "Life Stage" upgrades (increasing cover after marriage/birth) or with riders that provide extra payouts for critical illness, accidental disability, or terminal conditions.
Payouts
After you buy a term plan, a lump sum amount or a form of regular income is paid to a designated individual if the insured passes away during the term. Standard plans offer no payout upon survival. Return of Premium (ROP) plans refund premiums at the end of the term (for a higher cost at the beginning).

How to Buy the Best Term Insurance Plan in India?

Illustration

Meet Ronith

He is a 30-year-old who wants to secure his family's future.

Ronith buys a policy

He uses an online term insurance calculator and buys a level term plan for ₹1 crore, which will cover him for 30 years.

Names wife as nominee

He easily completes the process online, names his wife as his nominee, and starts paying annual premiums.

Ronith passes away

Unfortunately, Ronith passes away 15 years later while the policy is active.

Nominee files a claim

His wife files a claim with the necessary documents. The insurer approves it and pays her the ₹1 crore death benefit.

Financial support for Ronith’s family

This financial cushion helps her manage living expenses and secure their children's education. It fulfils Ronith’s goal of protecting his family.

What are the Types of Term Insurance Plans?

Here are the different types of term insurance plan options to choose from, as per your needs.

Term Plan	Benefits
Level Term Insurance	Level term insurance plan provides a fixed death benefit and level term insurance premiums for the entire policy term, which can range from 10 to 30 years. It not only adds a level of predictability to your budgeting but also provides certainty that your beneficiaries will receive a known amount.
Increasing Term Insurance	An increasing term life insurance policy has a death benefit that grows over time, often by a fixed percentage or flat rate each year. The growth is built into the policy. The primary benefit offers protection against inflation and ensures the policy's value is not eroded over a long period. However, premiums can be high for this type of plan.
Decreasing Term Insurance	It features a death benefit that decreases over the policy's term, in line with a decreasing financial obligation. Premiums are usually level, but the payout shrinks over time. Decreasing term plan may be less expensive than level term insurance and is commonly used to cover liabilities, where the outstanding loan balance decreases over time.
Joint Term Insurance	A joint term life insurance policy covers two people (usually spouses) under a single policy. These are often permanent policies, but joint term options exist. They usually come in two structures: first-to-die, which pays out when the first policyholder passes away, and second-to-die (or survivorship), which pays out only after both insured individuals have passed away. A joint policy can be a cost-effective solution for couples, as it costs less than two individual policies.
Term Insurance Plan with Return of Premium	If you are satisfied with the simple design of level term plans but want some form of maturity benefit without a drastic cost increase, a term plan with a premium return feature may be the right choice. This level term insurance variant refunds all the premiums you paid if you outlive the policy term. The benefit comes at a higher cost when compared to a standard level term policy.
Term Insurance with Add-on Benefits	It is not exactly a type of term insurance, but rather a strategy you can adopt to increase your plan’s benefits. Riders are additions you could make to your term insurance plans to enhance their scope. Rider options include the critical illness rider, the waiver of premium rider, and the accidental death and permanent disability rider.

Who should buy a Term Insurance Plan?

If you are looking to protect your loved ones in your absence, a term plan can help you do so. The protection it offers, coupled with its low cost and simple design makes term insurance plans suitable for a wide range of people.

Here are some examples of who should consider a term insurance policy.

Young Professionals

When you begin your career, securing your future tends to be the priority rather than ensuring a safer tomorrow for your loved ones. However, if you have plans to raise a family in the near future, or support your parents, you may like to consider buying life coverage through term insurance as soon as possible. This is encouraged because age can affect premium rates.

Parents

Caring for their little one’s future is often a priority for parents. Term insurance can help you ease your worries to a certain extent. Getting the security ofFor those seeking substantial protection, the plan offers a high cover of up to ₹5,00,00,000 (five crore rupees).

Self-employed Individuals

Term insurance for the self-employed is important irrespective of the size of their business and the number of dependents. When running your own venture, financial stability is crucial. Term insurance offers this stability for the future.

Women

Term insurance for women is as important as term insurance for men in the family. It is especially so when the woman is in the role of a financial provider for their children or their parents. Although term insurance for housewives becomes equally important when you consider the role they play in the lives of their loved ones. If you are a woman who wants to ensure protection for your children or parents in your absence, term insurance is a cost-effective option to consider.

Debtors

If you are paying off any form of loan or debt, term insurance is to be considered. In the unfortunate event of your passing before the debt is fully paid off, the burden of repayment could shift to your family, putting them in financial distress.

Senior Citizens

Ideally, most senior citizens pass on the baton of providing for the dependent members of their family to the younger generation. However, it is not unusual for the elderly to want to take care of their loved ones after they are gone. Many older adults would also benefit from term insurance for senior citizens if they were still taking care of dependents, such as their spouse or grandchild.

How to Buy the Best Term Insurance Plan in India?

If you are wondering how to buy term insurance online, know that it is very easy.

Step 1

Choose the best term insurance plan in India

Visit the IndiaFirst Life website, go to the Term Insurance Plans section, and select a plan that aligns with your protection needs; use the term insurance premium calculator to estimate costs.

Step 2

Review term insurance plan features

Carefully check the plan benefits, eligibility criteria, premium payment options, and payout structures to ensure it fits your financial goals.

Step 3

Get a term insurance quote online

Click on Get Quote to instantly calculate your term insurance premium and begin the online application process.

Step 4

Enter basic personal details

Fill in essential information such as name, date of birth, contact details, and smoking status, then click Check Premium.

Step 5

Customize your term insurance coverage

Select the sum assured, policy term, premium payment frequency, payout preferences, and add riders for enhanced protection if required.

Step 6

Provide additional personal information

Enter details like your address, occupation, and educational qualification to complete the proposal form.

Step 7

Review details and complete payment

Verify all information, confirm nominee details, submit the proposal, and securely pay the premium online to buy term insurance instantly.

What are Documents Required for Term Insurance?

To ensure ease of purchase, it is advisable to have the following documents ready when you buy term insurance online or offline.

Documents required for term insurance	Applicable Documents
Proof of Identity	PAN card Aadhaar card Voter ID Passport
Proof of Address	Telephone, Electricity, or Gas bill in the past three months Property tax receipt
Proof of Income	For salaried individuals Recent Form 16 Bank Statement for salary For self-employed individuals Form 26AS Profit-loss document and balance sheet verified by CA
Medical Requirements	Medical History Medical Tests

Calculate Your Term Insurance Premiums Now

Using a term insurance calculator is one of the simplest, quickest, and most accessible ways to calculate the premium on your term life insurance.

Calculate Now

What Are the Term Insurance Eligibility Criteria?

Explore our eligibility criteria to avail of term insurance for your family and secure their future. This section covers essential aspects,

including the sum assured limits, term insurance plan age limit, and more.

Age Requirement / Age Limit

To apply for a term plan, you must be at least 18 years old.
The maximum age at entry is capped at 60 years.
The policy can provide protection until you reach the age of 99 years, depending on your chosen tenure.

Sum Assured Limits

You can choose a coverage amount that fits your financial responsibilities, starting from a minimum of ₹1,00,000 (1 lakh rupees).
For those seeking substantial protection, the plan offers a high cover of up to ₹5,00,00,000 (five crore rupees).

Policy Term Options

Policy terms typically range from 5 to 81 years, aligning with individual needs.

General Requirements

The individual must be an Indian citizen, Non-Resident Indian (NRI), Person of Indian Origin (PIO), or an Overseas Citizen of India (OCI).
Income criteria must also be met as required by the insurer.
Medical history might also be checked in some cases. The premium and coverage may depend on the individual’s medical history.

Understanding the eligibility criteria for term insurance beforehand ensures that you do not face any unexpected hassle during the application process.

Claim Settlement Process

Here are the steps to register your term insurance claim with IndiaFirst Life:

Register the Claim

Begin with registering your claim online at indiafirstlife.com, via email at claims.support@indiafirstlife.com, or call 1800-209-8700. You can also visit any IndiaFirst Life, Bank of Baroda, or UBI branch, or courier documents to the Mumbai head office.

Wait for Assessment

IndiaFirst Life will review your claim. You will also be provided with an acknowledgement with a unique number, and updated via SMS, email, or letter.

Claim Settlement

As per IRDAI, claims are settled within 15 days (or 45 days if investigation is needed).

Documents Required To Process A Term Insurance Claim

Here is a checklist of the documents (usually) required when filing a term insurance claim:

Duly filled and signed claim form.
The original policy document.
The original death certificate issued by the local government or municipal authority.
Claimant’s details and KYC documents:
- Valid Identity Proof
- Valid Address Proof
- PAN Card or Form 60 (if PAN is not available)
- Nominee's Bank Details.

Additional Documents (depending on how the death occurred)

Depending on the situation, you may also need to provide the following:

For Natural Death

Medical cause of death certificate and past medical records of the life assured.

For Unnatural Death

First Information Report (FIR), Post-mortem report, and additional documents as requested by the insurer in case of accidental/unnatural death.

Compare IndiaFirst Life Term Insurance Plans in India?

If you are looking for a well-designed term insurance plan that can suit your needs, IndiaFirst Life offers several attractive options you can consider.

Plan Name	Plan Type / Category	Key Features	Ideal For
IndiaFirst Life Elite Term Plan	Non-Linked, Non-Participating Individual Pure Term Plan	• Lifetime coverage till 99 years • Multiple premium payment frequencies • Lump-sum or monthly instalment payouts	Young professionals seeking lifelong coverage with flexible payment options
IndiaFirst Life Super Protection Plan	Non-Linked, Non-Participating Individual Pure Risk Savings Plan	• Comes with a Return of Premium option • Joint life option also available (where you can cover your spouse) • Waiver of Premium options on Critical Illness/Disability • Option to boost the sum assured at key life stages • Inbuilt terminal illness benefit, wherein a pre-determined amount will be payable	Settled individuals who want comprehensive family protection with a savings element (in the form of the return of premium feature).
IndiaFirst Life Plan	Non-Linked, Non-Participating Pure Term Plan	• High cover (up to ₹50 crore) • Flexible policy and premium payment terms • Lump-sum death benefit • Coverage up to 80 years.	Individuals who need substantial coverage for financial responsibilities.
IndiaFirst Life Protect Shield Plan	Non-Linked, Non-Participating Individual Pure Risk Plan	• Instant issuance • No medicals required (subject to terms) • Flat premium rate for all ages	Individuals seeking no-hassle, affordable basic coverage
IndiaFirst Life Saral Jeevan Bima Plan	Non-Linked, Non-Participating Individual Pure Term Plan	• Affordable premium • Flexible premium payment options • Long-term protection with tenure options up to 40 years.	Budget-conscious individuals seeking straightforward, affordable term protection.

Frequently Asked Questions

View All FAQ’s

Basic & Terminology

Eligibility

Coverage & Benefits

Purchase & Planning

Policy Amount, Term & Premium

Maturity & Refunds

Policy Management & Types

Claims

What does term insurance do?

Answer

Term insurance is a pure protection life insurance policy that provides a financial safety net for your family. It is one of the most affordable types of life insurance.

If the policyholder passes away during the policy term, the insurer pays a tax-free lump sum, known as the death benefit, to the nominated beneficiaries. The money can help dependents maintain their lifestyle, pay off debts like home loans, and cover future expenses such as children's education, even in the policyholder's absence.

What are the Features of Term Insurance?

Answer

Whether chosen for a duration of 5 years or 40 years, term insurance plans can help you to protect your loved ones while you soar high to achieve your dreams. Here are the key features of term insurance plans that make it an important financial asset.

Cost-effective Structure

A term life policy is considered suitable as well as accessible to a wider range of prospective buyers. One of the reasons is how cost-effective it can be. Term life insurance policies are known to offer a high sum assured for relatively lower premiums. It makes the policy rather affordable, whether you are looking for short-term coverage or longer-term.

Flexible Coverage Duration

With term life insurance plans, the policyholder can choose the coverage duration from the available options. Usually, you may choose a coverage period as low as 5 years, to as high as 40 years. It is subject to the age of the life assured. The minimum entry age for term plans is 18 years, whereas the maximum is 65 years.

Premium Payment Options

Depending on what you find convenient, you can choose from the range of premium payment options available. Usually, the policyholder can opt to pay their term life insurance policy premiums monthly, quarterly, or annually. You may also have the choice of limited premium payment term, which means you do not have to pay premiums for the entire coverage duration.

Rider Choices

To increase the scope of coverage offered by your term plan, you can add riders to the same. You can opt for critical illness, accidental permanent disability benefit, accidental death benefit, and other such riders. These are add-on features that can be purchased at an additional cost.

Tax Benefits

Your term insurance premiums as well as benefits received can earn you tax exemptions. Under Section 80C of the Income Tax Act*, the premiums paid into term insurance plans can be claimed. For the death benefit received by the nominee, an exemption can be claimed under Section 80D. These claims are subject to prevalent tax regulations and are available for taxpayers opting for the old regime.

Ease of Purchase

You can purchase the term plan of your choice online or offline. To buy it online, you can visit our website and complete the purchase process. You simply have to upload all the necessary documents and make the payment. For offline purchases, you may consult an insurance agent or the insurance provider to guide you through the process.

Explain Term Insurance Terminology?

Answer

Choosing the best term insurance plan is easier when you understand the common terminology.

Sum Assured

It is the guaranteed amount that the insurance company promises to pay to your nominees in the event of your untimely death during the policy term. The sum assured is the core coverage amount you buy.

Premium

The regular payment you make to the insurance company to keep your term life insurance active. The premium can be paid monthly, quarterly, half-yearly, or annually.

Policy Term

The specific period for which the life cover under the term insurance plan is active. You can choose a policy term, for example, 20 or 30 years, based on your financial responsibilities.

Nominee

The person or persons you legally appoint to receive the sum assured (death benefit) from your term life insurance policy in the event of your demise is called the nominee.

Rider

An optional add-on to your basic term insurance plan that provides additional benefits for an extra cost. Common riders in India include the critical illness rider, the accidental death benefit rider, and the waiver of premium rider.

IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) is the national body that governs and supervises the insurance industry in India. Its role ensures that insurance companies operate with fair terms and honour their commitments to policyholders.

Free Look Period

A mandatory period, around 15 days from the date of receiving the policy document. During the free look period, you can review the terms and conditions. If you disagree with any of the terms, you can return the term insurance plan for a full refund of the premium paid.

Grace Period

A short extension (usually 15 or 30 days) granted by the insurer after the premium due date to pay your premium without your policy lapsing. The policy remains active during the grace period.

Suicide Clause

A provision in most term insurance policies which states that if the policyholder commits suicide within the first 12 months of the policy commencement, the insurer will not pay the sum assured. In most cases, only the premiums paid are returned to the nominee if the claim comes under the suicide clause.

Exclusions

Specific situations or causes of death listed in the policy document for which the insurance company will not pay the claim. Common exclusions include death due to suicide within the first year or engaging in illegal activities.

What is the difference between fixed and term life insurance?

Answer: Term insurance offers pure life cover for a specific period at lower premiums. Whole life insurance provides lifelong coverage. It also often includes a savings or investment component (cash value) that builds over time. It can make a whole life plan more expensive.

What are the three types of term life insurance?

Answer: Three common types are level term insurance (fixed sum assured), increasing term insurance (sum assured rises), and decreasing term insurance (sum assured reduces over time).

What is a Term Insurance Rider? Why is it Important?

Answer

A term insurance rider is an additional feature that can be attached to your core term insurance policy. It comes at an additional cost that is added to your base premium.

Why do you need term insurance riders? Term plans are simple in design. If you seek to keep the costs relatively low but add to the list of features offered, riders can be an option.

For example, a term rider is an add-on that will allow you to increase the coverage duration of your policy. On the other hand, a waiver of premium rider can help you stop premium payments to the plan if an eligible situation arises.

You can add one or multiple riders to create the best term insurance plan in India, based on your needs and budget. It can also minimise the need for you to buy a separate plan.

What are Some Common Types Of Term Insurance Riders?

Answer

A term insurance rider is an optional add-on that enhances your base policy by providing coverage for specific risks.

Term Rider

Enhances life cover with extra coverage at an affordable price; the term rider provides a lump sum payout to the nominee in case of the policyholder's demise during the policy term.

Waiver of Premium Rider

It can ensure that your term insurance plan continues even if you cannot pay the premiums. In case of total disability or critical illness, the waiver of premium rider allows all future premiums to be waived off, while the life cover remains fully active.

Total and Permanent Disability Rider

Provides a lump sum payout if the policyholder becomes totally and permanently disabled due to an accident or illness. The total and permanent disability rider offer financial support for long-term care and loss of income.

Accidental Death Rider

Offers an additional sum assured over and above the base policy's coverage if the policyholder's death occurs due to an accident. The accidental death rider is crucial for families of individuals in high-risk professions.

Should I buy a term insurance or a traditional life insurance plan?

Answer

Your choice depends on your financial goal. Choose term insurance for high, pure life cover at an affordable premium. It is the most cost-effective solution for income replacement. It ensures your dependents' financial security if you are not around.

On the other hand, opt for a traditional life insurance plan (like an endowment or whole life plan) if you seek a savings or maturity benefit component along with insurance. However, be prepared for higher premiums for a similar death cover, as a portion of your premium is often allocated towards the savings element, which can bring returns upon policy maturity.

What is the right age to buy term insurance plans in India?

Answer: You may get a plan for individuals above 18 years of age. It is also recommended to buy a plan as early as possible, as premiums may be higher for older individuals.

What is the age limit to buy a term life insurance?

Answer: The entry age for buying a term insurance plan is 18 years. The maximum entry age varies by insurer but can go up to 65 years for some plans.

What is the minimum income required to buy a term insurance plan?

Answer: Most insurers do not have a specific minimum income. Your eligibility can be determined by your ability to pay premiums and the proposed sum assured. Insurers will consider your income to make sure the coverage amount is appropriate. You can use online calculators to see what premium and coverage your income can support.

Is it okay to have two term insurance policies?

Answer: Yes, having multiple policies is fine, but you must disclose existing details which might affect new term cover eligibility.

Can NRIs Buy Term Insurance in India?

Answer: Yes, NRIs can buy term insurance in India. They can purchase policies in Indian rupees, often with the convenience of online processes and premium payments from abroad.

What if I become an NRI after purchasing a term plan?

Answer: If you become an NRI after purchasing a term insurance plan, you can usually continue the policy. You must inform your insurer about your change in residency status, update your contact details, and can often continue premium payments from your NRE/NRO bank account. The policy terms and benefits will usually remain unchanged.

Do I need to buy term insurance even if I am covered under my companys group policy?

Answer: Yes, it is advisable to buy a personal term insurance plan even if you have a group policy from your employer. Your group cover is often insufficient and is tied to your job; it will stop providing coverage if you change employers. A personal term insurance plan ensures continuous, adequate coverage regardless of your employment status. It can be curated to your family's long-term needs.

How to Choose the Best Term Insurance Plan in India?

Answer

Here is a guide to choosing the best term insurance plan in India:

1. Be Clear About Your Financial Needs

Before comparing term insurance plans, calculate your required coverage. A common method is the D.I.M.E. approach: add your debts (D), income replacement needs (I) for your family, mortgage or home loan (M), and your children's education costs (E). This sum gives you an accurate estimate of the sum assured you should seek.

2. Compare Insurers on Key Metrics

Do not select an insurer based on premium cost alone. A crucial factor to check is the company's Claim Settlement Ratio (CSR), which indicates the percentage of claims paid out. A consistently high CSR (e.g., above 95-97%) is a strong indicator of the insurer's reliability. It should be a primary consideration when choosing the best term insurance plan.

3. Disclose Your Medical History Accurately

It is important to be honest about your health and lifestyle in the proposal form. Non-disclosure of pre-existing conditions, smoking habits, or hazardous hobbies can lead to claim rejection later. By being transparent now, you can ensure your term insurance policy is valid and your family's claim is secure.

4. Enhance Coverage with Riders

A basic term insurance plan can be customised with riders for comprehensive protection. Key riders include the critical illness rider, which provides a lump sum upon diagnosis of a covered illness. You can also consider the waiver of premium rider, which ensures your policy continues without future premium payments if you become critically ill or disabled.

5. Buy Early for Lower Premiums

One of the most effective ways to secure an affordable term life insurance plan is to buy it when you are young and healthy. Premiums are lowest for younger applicants and remain fixed throughout the policy term. It can result in serious long-term savings as compared to buying at an older age.

6. Read the Policy Document Thoroughly

Before finalising your purchase, carefully read the policy document. Pay close attention to the exclusions section, which lists the situations under which a claim will not be paid. Understanding these terms can prevent unpleasant surprises later.

Do term insurance plans offer tax benefits?

Answer: Yes, you can claim tax benefit under Section 80C for premiums and Section 10(10D) for tax-free lump sum payouts.

Why should I buy a term life insurance?

Answer

You should buy term life insurance to provide affordable financial security for your dependents. The payout from the term insurance plan ensures your family can repay debts (like home loans), cover living expenses, and fund major future goals, such as your children's education and marriage. They can meet these needs and wants without facing financial hardship. By ensuring future financial security for your family, you can also enjoy better peace of mind in the present.

In addition, term insurance premiums are also eligible for tax deductions under Section 80C of the Income Tax Act, 1961.

Is death by natural causes covered in a term policy?

Answer: Yes, term insurance plans cover both natural and accidental death. Specific conditions might apply as exceptions, such as suicide and non-disclosure of truthful facts.

What kinds of deaths are not covered in term life insurance?

Answer

Standard exclusions in term insurance often include:

Death due to suicide within the first year of the policy
Death occurring due to engaging in illegal activities, or from dangerous pursuits not declared to the insurer.

Most policies also do not cover deaths resulting from substance abuse or pre-existing conditions that were intentionally concealed at the time of buying the term insurance plan.

What are the Payout Options in Term Life Insurance?

Answer

There are several options for term life insurance payouts for beneficiaries to receive the death benefit. The most suitable choice depends on their financial needs and ability to manage a large sum of money.

Payout Option	Explanation	Best for
Lump Sum Payout	The entire sum assured is transferred to the nominee's account in one single, tax-free payment. It facilitates immediate and complete access to the funds. It offers flexibility to handle large, one-time expenses, such as clearing a home loan, other outstanding debts, or making a large investment.	Immediate large expenses (funeral costs, paying off debts).
Monthly Income (Instalments)	The death benefit is not paid out at once. Instead, it is paid out as a fixed, regular monthly income to the nominee for a pre-selected period.	Providing a steady, predictable income stream and preventing sudden spending of the entire benefit.
Lump Sum with Monthly Income	It is a hybrid option that combines the advantages of both the lump sum and income plans. A portion of the sum assured (e.g., 30-50%) is paid immediately to the nominee to address urgent financial needs. The remaining amount is used to create a guaranteed monthly income for a specified period.	Those who need immediate funds for expenses but also want the security of a long-term income source.
Increasing Monthly Income	The option provides a monthly income that increases at a pre-defined, fixed rate every year (e.g., 5% or 10% annually). While the initial payments are lower than a flat monthly income option, they grow over time to help maintain the family's purchasing power.	Ensuring that the purchasing power of the income payments does not erode over a long period.

What is Covered and Not Covered in Term Insurance?

Answer

Before you go ahead with buying the best term insurance plan for your needs, go through this brief look at the inclusions and exclusions of a term plan:

1. Common Inclusions
Coverage Aspect	Description
Natural Demise	The policy pays the sum assured if the policyholder passes away naturally.
Death due to Illness	The term insurance plan pays out if the insured passes away due to an illness, such as cancer, heart disease, or other medical conditions.
Accidental Death	A death benefit is paid if the insured dies because of an accident.
Total & Permanent Disability	Some term insurance plans offer coverage if the insured becomes totally and permanently disabled due to an accident or illness (often as a rider). The coverage can be availed via a rider.
2. Common Exclusions
Suicide	Most policies do not pay the death benefit if the insured dies by suicide within the first one to two years of the policy.
Illegal Activities	The claim will be denied if the demise occurs while committing a criminal or illegal act.
Dangerous Activities	Death resulting from high-risk hobbies like skydiving, scuba diving, or car racing may be excluded in most plans.
Acts of War/Terrorism	Death as a result of war or acts of terrorism, is usually not covered.
Intoxication	Claims may be denied if the death occurs while the insured is under the influence of drugs or alcohol.

When Should I Buy a Term Insurance Plan?

Answer

The best time to buy a term insurance plan is as early as possible, usually in your 20s or 30s. It helps you lock in lower premiums and ensure eligibility. However, the right time is when you have financial dependents counting on your income.

The table below outlines the ideal stages for purchasing term insurance:

Life Stage	Why to Buy at this Time
Early 20s (Unmarried)	Lowest premiums due to age and health; easier policy approval; locks in a low premium for the long term.
Mid/Late 20s (Married)	Protects your spouse from financial hardship; helps in replacing lost income and covering shared debts or living expenses.
Parenthood	Crucial for securing your child's future; death benefit can cover daily expenses, healthcare, and education costs.
30s & 40s (Peak Responsibilities)	Manages your major financial obligations like home loans and children's higher education during peak earning years.
Taking a Major Loan	Ensures large debts (e.g., a home loan) do not burden your family; payout can be used to settle the outstanding loan.

Beyond life stages, remember that age and health have a major impact on your term insurance costs. A policy purchased at 25 will cost less than the same term life insurance policy bought at 35. Developing a health condition later can increase premiums or make it harder to qualify. Therefore, consider buying early.

What are Important Life Stages to Buy Term Life Insurance?

Answer

By now, you may be clear on the importance of term insurance. But at the same time, you may be wondering, ‘When should I buy it?’

Here are some situations when buying term insurance will be most helpful:

1. Starting Your First Job

This is the most financially beneficial time to buy a term plan. As a young, healthy individual, you qualify for the lowest possible premiums. While your financial dependents might be few, a policy at this stage secures an insurable status for the future. The term plan will also cover any personal or educational loans and establish a strong foundation for your finances before other responsibilities come.

2. Getting Married

Marriage brings shared financial obligations, such as a home loan, car loan, or joint personal debts. Buying a term insurance plan at this stage is not only a responsibility but also an act of care. It ensures your spouse is not burdened with repaying these liabilities alone. It helps them maintain their standard of living and provides financial stability during an emotionally challenging time.

3. Becoming a Parent

The arrival of a child means a major addition to your financial responsibilities. Buying family term insurance becomes important, as it will act as an income replacement and secure your child's future. The death benefit should be enough to cover daily living expenses, future educational costs, and other child-rearing expenses.

4. Taking a Major Loan (e.g., Home Loan)

A home loan is a long-term financial commitment that can span decades. A family term insurance plan with a sum assured that matches the outstanding loan amount is essential. In your absence, the payout can be used to clear the home loan. It will allow your family to retain ownership of the house without being burdened with monthly EMI payments.

5. Starting Your Own Business

If you are an entrepreneur, a term insurance plan is critical for both personal and business financial planning. It can protect business partners by providing funds to buy out your share. It can also cover a business loan for which you are a guarantor. It ensures that your personal debts do not negatively affect the business you worked hard to build.

Should you buy term insurance online or offline?

Answer: While you should opt for the mode of purchase that is convenient for you, buying term insurance online is often considered quicker and simpler.

What are the Factors to Consider Before Buying a Term Insurance Plan?

Answer

Here are the key factors you should consider before purchasing a term insurance plan to ensure you make a well-informed decision.

1. Your Coverage Amount

Avoid choosing a coverage amount based only on what seems affordable. A sum assured that is too low will not protect your family's financial future. It is recommended that you buy a cover that is at least 10 to 15 times your annual income.

2. Policy Term

A shorter term has lower premiums but becomes expensive to renew later. Instead of a short term, choose a policy that covers you at least until your retirement age. A good rule of thumb is to have a term long enough to cover your last major financial obligation

3. Policy Feature

Look for valuable policy features that offer future flexibility. Check if you can convert your term insurance plan into a permanent one without a new medical exam, which is crucial if your health declines. Additionally, understand the renewal clause, as premiums can increase when you renew after the initial term.

4. Rider Fine Print

When adding riders, understand their specific terms.

For a critical illness rider, check: how many illnesses are covered? What is the survival period (e.g., 30 days after diagnosis)?

These details are critical.

5. Contingent Nominee

Consider naming a secondary nominee to ensure the benefit has a clear payout path if your primary nominee is unavailable.

6. Accurate Application Details

Before signing, double-check that every detail, from your name, spelling, and age to your income and lifestyle habits, matches your official documents. A small error can cause a major complication later.

Which is the best term insurance plan?

Answer: The best term insurance plan offers adequate coverage for your needs at a competitive premium from an insurer with a high claim settlement ratio. It should also provide flexibility through riders and payout options that suit your financial goals and family's requirements. Ultimately, there is no single ‘best term insurance plan’; what is best for you may not be the same for someone else. It is important to understand your needs and opt for the right product accordingly.

What are Common Mistakes to Avoid while Buying Term Insurance?

Answer

To ensure you have a smooth experience with your term insurance plan, make sure to avoid certain common mistakes.

Mistake	Why It is a Problem	How to Avoid It
Buying Based on Premiums, Not Need	Opting for a low sum assured just because the premium is cheap. It leaves your family under-protected and unable to maintain their lifestyle or cover future liabilities.	Calculate Your Human Life Value: Consider all financial obligations: outstanding loans (home, car), children's future education costs, daily living expenses for your dependents, and final expenses. The sum assured should be at least 10-15 times your annual income.
Hiding Medical History or Habits	Non-disclosure of pre-existing conditions, smoking status, or hazardous hobbies. It can be a primary reason for claim rejection later, as insurers can investigate and void the policy.	Be Completely Truthful in the Proposal Form: Disclose all health details and lifestyle habits upfront. While it might slightly increase your premium, it guarantees that the claim will not be rejected due to false information.
Neglecting Insurer's Credibility	Selecting a company with the lowest premium without checking its claim settlement record. A low premium may not be of use if the company has a history of rejecting claims.	Check the Claim Settlement Ratio (CSR): Look for insurers with a consistent CSR of 95% or higher over several years. Also, check the Solvency Ratio (mandated by IRDAI), which should be above 1 or 1.5.
Not Informing Your Nominee	Simply writing a name in the nominee section is not enough. If your nominee is unaware of the policy's existence or the claim process, the benefit may never reach them.	Formally Communicate All Details: Ensure your nominee knows the insurer's name, policy number, and sum assured. Keep the policy document in a secure but accessible location. Give them prior guidance on the claim filing procedure.
Not Reading the Fine Print	Failing to understand the policy's inclusions, exclusions, and free-look period. You might be unaware of specific conditions that could void the coverage.	Carefully Read the Policy Document: Before the free-look period ends, thoroughly review all terms, especially the ‘Exclusions’ section. Understand scenarios like suicide clauses, war-related exclusions, and the impact of dangerous activities.
Providing Inaccurate Information	Errors in basic details like age, income, or occupation can lead to issues during underwriting or at the time of a claim. It can reduce the payout.	Double-Check All Entered Information: Ensure that every detail in the application form matches your official KYC documents. It prevents disputes and ensures a smooth underwriting and claims process.

What Are the KYC Documents Required for Term Insurance?

Answer

Here are the KYC documents to be submitted by individuals buying term insurance:

Sr. No.	Document Name	Purpose
1.	Passport	Serves as proof of identity and address
2.	Voter’s Identity Card (ECI)	Serves as proof of identity and address
3.	Permanent Driving License	Serves as proof of identity and address
4.	Aadhaar Card	Serves as proof of identity and address
5.	Central KYC Identifier (CKYCR)	Serves as proof of identity and address

How much does a term insurance policy cost?

Answer: Costs depend on factors like age, health, and coverage. For instance, a ₹1 crore term plan for 40 years may cost ₹8,260 annually for a 30-year-old person who doesn't smoke.

How much life cover should I buy?

Answer: Ensure enough coverage to settle debts, replace income, and meet future obligations like education and healthcare. Consider adding your annual income for inflation protection.

How Can I Determine the Right Term Insurance Cover Amount for Myself?

Answer

To arrive at the right term insurance cover amount, consider the following points:

Calculate Your Human Life Value (HLV)

The most comprehensive method is to calculate your Human Life Value (HLV). It involves determining the present value of your future income that would be used to support your dependents. It accounts for factors such as your current age, annual income, expected yearly rise in salary, inflation, and the number of years until retirement.

Use the Detailed Needs Analysis (DIME) Method

A practical approach is the DIME method, which ensures all major financial obligations are covered. DIME stands for Debt, Income, Mortgage, and Education. Add up all your short-term and long-term debts (like personal loans). Then, calculate the income your family would need for at least 15-20 years, include the outstanding amount on your loans, and estimate the future cost of your children's education. The sum of these four components should give you a close coverage target.

Apply the Income Multiplier Rule

Another way to determine the right term insurance coverage amount is to multiply your current annual income by a suitable factor. A common recommendation is to have a cover that is 10 to 15 times your annual income. For example, if you earn ₹10 lakh per year, you should aim for a sum assured between ₹1 crore and ₹1.5 crore.

Consider Existing Assets

Finally, your final coverage amount should reflect your net financial needs. After calculating your total future liabilities and income replacement needs, subtract any existing liquid assets you have. It can include substantial savings, fixed deposits, or current investments. It can help you make your financial plan more efficient.

Can I increase my term plan sum assured?

Answer: Yes, you can increase your Sum Assured under the IndiaFirst Life Guaranteed Protection Plus policy. The option is available exclusively under the Life Option. You can initiate the increase without any medical underwriting on specified events during the life of the Life Assured. The total increase is subject to an overall limit of 100% of the initial Sum Assured. To exercise this option, it must be done within six months from the date of the specified events. The increased Sum Assured becomes effective from the annual policy anniversary following the notification date, and an additional premium will be charged based on the policyholder's attained age at the option exercise date.

What policy term should I select for my term life insurance?

Answer: One should select a policy term that covers you till your family is financially dependent on you. A good rule is to choose a term that lasts until your retirement age or until your financial responsibilities, like a home loan or children's education, are fully met.

What should be the tenure of my term plan policy?

Answer: Opt for the maximum term available. This will secure the financial well-being of your loved ones for an extended period.

How To Choose the Right Duration for your Term Insurance Plan?

Answer

The table below looks at common durations for term insurance and who should ideally opt for it:

Term Length	Ideal For
35-year or 40-year term	Younger families, young professionals, new homeowners.
30-year term/ 2-year term	New homeowners with long loan tenures or other long-term debts.
10-year term	Parents of older children, older couples approaching retirement.
5-year term	Short-term financial commitments like small loans.

Here are some tips to consider when choosing your term insurance duration:

Match Your Term Length to Your Life Stage

Your term insurance tenure should be guided by your specific financial dependencies and future goals.

1. Identify your longest-lasting financial responsibility, such as a loan. If this obligation falls between standard term periods, consider the closest round figure. For example, if you have 17 years left on your home loan, opt for a 20-year term life insurance plan.

2. Secondly, consider how long your children will be financially reliant on you. If you have a newborn, a 20-year or 30-year term can support them through college and into self-sufficiency.

3. Consider your retirement age. Term life insurance is often intended to replace lost income. If this is your goal, a term insurance policy that lasts until your planned retirement date can ensure your family is protected during your key earning years.

Consider Policy Laddering

If you have complex coverage needs, you can ‘ladder’ multiple policies. You can purchase a 20-year decreasing term insurance policy to cover a large loan and a 30-year regular plan to cover yourself till retirement. They can allow you to enjoy long-term coverage even as your financial commitments reduce with time.

Understand the Cost Factor

Longer terms come with higher premiums because the insurer assumes risk for a longer period. Fortunately,, buying a term life insurance plan when you are younger locks in a lower premium rate for the entire duration. It makes longer terms more affordable if you purchase them early.

The best term length is the one that will last until your last major financial obligation ends. Look at your loan needs, consider your children's path to independence, review your retirement date, and you will be able to make the right decision.

Which Factors Affect Term Insurance Premiums?

Answer

The table below looks at the factors that influence how much you pay for term insurance.

Factor	Impact on Premium
Age	Single greatest factor; younger applicants get lower rates as risk of death is lower. Premiums increase with each year you delay purchase.
Health & Medical History	Pre-existing conditions (e.g., heart disease, diabetes), high BMI, blood pressure, or cholesterol, increase risk and premium. Family history of serious illness can also raise costs.
Smoking Status	Can lead to a major premium increase; smokers often pay double or more versus non-smokers. Insurers also consider chewing tobacco use.
Coverage Amount & Policy Term	Higher coverage amount = higher premium. Longer policy term (e.g., 30 years vs 10 years) costs more due to the insurer taking on risk for a longer period.
Occupation & Hobbies	High-risk jobs (construction, mining, firefighting, aviation) and dangerous hobbies (e.g., skydiving) increase premium due to greater accident risk.
Gender	Women may have to pay less than men of the same age/health-status due to longer life expectancy (as per certain statistics).
Lifestyle Habits	Heavy alcohol consumption or a sedentary lifestyle can lead to higher premiums (due to associated health risks).

While some factors like age and gender are fixed, you can control others to get a more affordable rate:

Buy Early

The younger and healthier you are when you purchase a term insurance plan, the lower your premium will be for the entire term.

Maintain a Healthy Lifestyle

Improving your health and quitting tobacco can positively impact your risk profile and costs.

Compare Quotes

Each insurer weighs these factors slightly differently. So, it can help to shop around for the best rate for your specific profile. You can also buy term insurance online instead of the traditional offline process to get potential discounts.

Can the payment frequency of my term plan be changed?

Answer: Yes, it is possible to change the frequency of your term insurance plan premium payment. This is based on the payment frequency offered for the plan.

Should you opt for Limited pay or regular pay term insurance plan?

Answer: It is advisable to opt for a limited pay plan if you want to pay premiums for a shorter period (e.g., 10-15 years) while enjoying coverage for a longer term (e.g., 30 years). It is ideal if you have high current income but want to avoid payments during retirement. You can choose regular pay to spread the premium cost across the entire policy term. It makes it more affordable year-on-year, which is better for managing long-term cash flow.

Will my premium change during the policy tenure?

Answer: No, your premium remains constant throughout the policy tenure, except for changes in service tax regulations.

Can I change the frequency of life cover after the term insurance policy is issued?

Answer: Generally, the frequency of term insurance premium payments (monthly, quarterly, annually) can often be changed after the policy is issued. You can do this by contacting your insurer. However, the sum assured (life cover amount) is usually fixed at the start and cannot be easily altered.

What is the Difference in Term Life Insurance Premiums for Men and Women?

Answer

Women may have to pay lower premiums than men for the same age and coverage. It is because insurers use mortality risk statistics (which show women have a longer life expectancy on average). Their lower statistical risk can translate into more affordable premium costs for term life insurance policies. Otherwise, there are no major differences between term insurance premiums for men and women.

There might be a difference in the premium for term insurance for a housewife, and someone who is working in a construction site (due to the differences in the lifestyle and occupation). As the latter is more at risk, they may have to pay a higher premium.

Why is the term insurance premium amount for smokers higher than that of a non-smoker?

Answer: Smokers pay higher premiums due to a higher risk of health complications and a shorter life expectancy, as per statistics, due to their habit of smoking. The increased risk makes smokers more likely to make a claim. Hence, they have to pay a higher premium.

As an occasional smoker, do I declare myself as a tobacco user?

Answer: Yes, you need to declare tobacco use. Full disclosure is crucial for determining the right premium and preventing claim settlement issues later.

Will I get a maturity benefit if I survive the term?

Answer: No, term plans focus on providing a lump sum to beneficiaries in case of demise. Some variants may offer a return of basic premiums paid.

Are term insurance plans refundable?

Answer

Standard term insurance plans are not refundable. If you outlive the policy term, no money is paid back. A Return of Premium plan is a special type where all premiums paid are returned if you survive the policy term.

If you are concerned about refund when you are returning the policy during the free look period, then, yes, you will get the paid premiums back, minus the applicable charges.

Can you cash out term insurance policy?

Answer: No, you cannot cash out a standard term insurance policy. Unlike whole life insurance, term insurance plans are pure protection products with no cash value accumulation. The benefit is paid only upon the policyholder's demise during the term.

What are the options when your term ends?

Answer: When the policy term ends, the coverage simply ceases. Unless you have a specific term insurance plan, like a Return of Premium (TROP) option, there is no payout. You will need to purchase a new term life insurance policy if you want continued coverage.

What happens to a term insurance policy if the insured individual outlives the policy term?

Answer: If the insured outlives the policy term, the cover expires, and no benefit is paid under a standard plan. The policy simply terminates. If it was a Return of Premium term insurance plan, the insurer would refund all the premiums paid throughout the policy term.

What are the three types of term life insurance?

Answer: Three common types are level term insurance (fixed sum assured), increasing term insurance (sum assured rises), and decreasing term insurance (sum assured reduces over time).

When Should I Buy a Term Insurance Plan?

Answer

The table below outlines the ideal stages for purchasing term insurance:

Life Stage	Why to Buy at this Time
Early 20s (Unmarried)	Lowest premiums due to age and health; easier policy approval; locks in a low premium for the long term.
Mid/Late 20s (Married)	Protects your spouse from financial hardship; helps in replacing lost income and covering shared debts or living expenses.
Parenthood	Crucial for securing your child's future; death benefit can cover daily expenses, healthcare, and education costs.
30s & 40s (Peak Responsibilities)	Manages your major financial obligations like home loans and children's higher education during peak earning years.
Taking a Major Loan	Ensures large debts (e.g., a home loan) do not burden your family; payout can be used to settle the outstanding loan.

How to Avoid Claim Rejection?

Answer

It is important that your beneficiaries get to claim the term life insurance benefits without any hurdles.

Disclose full medical history

When you apply for the policy, provide accurate, complete information on your health. You may have to provide information about health conditions, previous treatments, surgeries, or lifestyle habits (smoking, alcohol). Your nominee’s claim may be denied if the insurer finds any discrepancy later.

Pay premiums regularly and on time

A term life insurance policy must be active for a claim to be valid. If you miss the premium payments and the policy lapses, the insurer can reject claims. Keep track of due dates and use auto-debit or reminders to ensure timely payments.

Avoid hiding or misrepresenting facts

Any misleading or false information in the proposal (age, medical status, habits) can lead to rejection of your term insurance claim. By being fully transparent now, you protect your loved ones against claim rejections in the future.

Submit complete and correct documents

Ensure the nominee is aware of their responsibilities. Make sure they know the required documents: death certificate, policy papers, identity proofs, medical records if needed. Incomplete paperwork can also be a reason for rejection.

Diligently follow the insurer’s claim process

The nominee should intimate the insurer as soon as possible. Ensure to use the authorised forms and channels only.

Cooperate during investigations

If the insurer requests additional information or investigation (e.g. for suspicious cases), it is advisable to comply fully and promptly. Delays or non-cooperation can lead to rejection.

Check policy exclusions and clauses

Be aware of exclusions in your term life insurance plan (suicide clause, risky activities, waiting periods). Claims occurring under these excluded events will be rejected.

Maintain transparency even during policy tenure

If your health or lifestyle changes significantly (due to reasons such as illness and surgery), inform the insurer if the policy allows revisions. It could help avoid later disputes.

By following these practices, such as disclosing information honestly, paying punctual premiums, submitting accurate documents, and complying as needed, you can reduce the risk of claim rejection. In the long run, this can ensure your heirs receive the benefit you intended.

How Long Does It Take for the Claim Approval?

Answer

The duration for term insurance claim approval varies based on the claim's complexity.

Once you submit the claim, the insurer will verify the claim based on the information provided. The decision will be taken after the assessment.

For standard cases where no investigation is needed, the insurer should be able to settle claims within 15 days from the intimation of the claim/ submission of documents, as per IRDAI regulations.

However, if an investigation is necessary, such as in cases of unnatural death or suspected misrepresentation, the approval will take longer. In such scenarios, the process may extend to more days. IRDAI mandates that the insurer must settle the claim within 45 days. To prevent delays, ensure all documentation is complete and accurate at the time of submission.

Once the claim is approved, the insurer pays the nominee the pre-determined amount as per the terms and conditions of the plan.

Note: IndiaFirst Life also offers a ‘1-day claims settlement’ process for eligible cases. The expedited process allows the settlement of term life insurance claims (of up to ₹ 50 lakhs) within 24 business hours.

Why Choose IndiaFirst Life?

Ensuring your family's financial security is paramount, and IndiaFirst Term Life Insurance Plans are designed with this priority in mind. Here's why opting for our term insurance plans is the right choice:

Trusted by 1.6 Crore Customers for their life insurance policy

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High Claim Settlement Ratio of 98.22%

Seamless Online and Offline Experience

100% Genuine Claims are Settled in 1 day.

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Hassle-Free Onboarding Process

From the onboarding process to the comprehensive medical tests, IndiaFirst Life ensured a hassle-free journey for me. The features of the plan I purchased are as per my expectations, providing me with peace of mind for future.

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