A term plan is a type of life insurance policy that provides coverage for a specified period. If the policyholder passes away during this term, a death benefit is paid to the beneficiaries.
You can compare various term plans on InsureMile’s website using the comparison tool to evaluate coverage options, premiums, claim settlement ratios, and additional benefits.
Consider factors such as the sum assured, policy term, premium amount, claim settlement ratio, and additional riders like critical illness cover or accidental death benefit.
To buy a term plan online, visit InsureMile, create an account, compare different term plans, select the one that suits your needs, and complete the purchase process through the online platform.
Yes, you can renew your term plan online through InsureMile by logging into your account, selecting your policy, and following the renewal process before the policy term expires.
Required documents typically include a PAN card, Aadhaar card, proof of income, and medical reports. The insurer may request additional documents based on their specific requirements.