Secure Your Family's Future With Confidence

Experts generally recommend choosing coverage that is 10–15 times your annual income. Consider your liabilities, future goals, and family's financial needs when deciding.

Medical tests may be required depending on your age, coverage amount, and health condition. Younger applicants with lower coverage may not require extensive medical tests.

Yes, you can add riders such as critical illness, accidental death, waiver of premium, and income benefit riders to enhance your term insurance coverage.

Yes, premium payments and claim benefits may qualify for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, subject to prevailing tax laws.

Most policies offer a grace period of 15-30 days to pay the premium. If you miss the grace period, the policy may lapse. You can revive it within a specific period by paying dues with interest.

Yes, you can change your nominee at any time during the policy term by submitting a nomination change request form to the insurance company with required documents.

Term insurance provides coverage for a specific period at lower premiums with no maturity benefit. Whole life insurance covers you for your entire life and may include savings component with maturity benefits.

Yes, you can surrender your term insurance policy, but since it's a pure protection plan, there is no surrender value. You will lose all benefits and coverage after surrender.

The claim settlement ratio indicates the percentage of claims settled by an insurer against total claims received. A higher ratio (above 95%) indicates better claim settlement performance.

Claim settlement typically takes 15-30 days if all documents are submitted correctly. Simple claims may be processed faster, while complex cases may require additional verification time.

Required documents include death certificate, policy document, claim form, identity proof of nominee, medical records (if applicable), and bank account details for claim transfer.

Some policies allow coverage enhancement at specific life stages like marriage, childbirth, or home loan. Check your policy terms or consider buying an additional term plan for increased coverage.

The free-look period is typically 15-30 days from policy inception during which you can review the policy terms and cancel it for a full refund if you're not satisfied.

Term insurance can be renewed at the end of the policy term, but premiums may increase based on your age at renewal. Some plans offer renewable options while others may require fresh underwriting.