Term insurance is a type of life insurance policy that provides coverage for a fixed period of time, such as 10, 20, or 30 years. It is ideal for people who are looking for a temporary life insurance policy to provide financial protection for their loved ones in case of their untimely death.
Term insurance plan is a flexible and affordable way to protect your loved ones in case of your untimely death. It provides a tax-free payout that can be used to cover expenses such as funeral costs, mortgage payments, and living expenses. By considering factors such as length of the term, death benefit, premium payment, and policy riders, you can choose a term insurance policy that best meets your needs and budget.
Policychayan is an insurance aggregator that offers a wide range of term insurance plans from various insurance companies in India. This means that you can compare different plans, features, and benefits from multiple insurers in one place.
Policychayan's online platform allows you to compare different term insurance plans quickly and easily. You can filter plans based on your needs and budget and compare them side-by-side to make an informed decision.
Buying term insurance online from Policychayan is a convenient option, as you can complete the entire process from the comfort of your home. You can buy a policy, pay premiums, and manage your policy online through their website or mobile app.
Buying term insurance online from Policychayan can be more cost-effective as you can benefit from lower premiums and discounts that are only available online.
Policychayan provides customer support through multiple channels, including phone, email, and live chat. They have a team of experts who can help you with any queries related to term insurance plans or buying processes.
Policychayan is a transparent and trustworthy insurance aggregator that adheres to strict ethical and professional standards. They provide unbiased advice and help you make an informed decision by presenting all the available options clearly and objectively.
One of the primary reasons to purchase a term insurance plan is to provide financial security to your loved ones in the event of your untimely demise. A term insurance plan pays out a lump sum to your beneficiaries upon your death.
Term insurance plans are typically more affordable than other types of life insurance policies. Since they are pure protection plans and do not include any investment or savings components, the premiums for term insurance plans are usually lower than those of other types of policies.
Term insurance plans offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. The premiums paid towards a term insurance plan are eligible for a tax deduction of up to Rs. 1.5 lakh under Section 80C.