What are Term Plans and what are its benefits?

Term Insurance Plan is a form of life cover. It provides coverage for a defined period of time, and if the insured expires during the term of the policy then death benefit is payable to the nominee.

What are the types of Term Plans?

Level Term Plans
Return of Premium Plans
Increasing Term Plans
Decreasing Term Plans
Convertible Term Plans
Term Plans with Riders

Why do you need to compare Term Plans online?

How to choose a Term Plan?

Depending upon your age and number of family members decide the Insurance coverage amount.
Calculate how much your family will need to maintain their lifestyle over a period of time.
Decide the Insurance coverage amount based on your family’s needs and not just your income.
If you have any liabilities, factor that too in the coverage amount.
Go for an Insurance Plan which gives higher Claim Settlement ratio.
Know which riders will maximize your coverage.

Why compare Term Plans at InsureMile?

Why Insuremile?

1. Our Insurance rates are highly competitive.
2. All transactions will be on our digital platform – this ensures total transparency.
3. When you buy any insurance policy through InsureMile, we will ensure that 10 meals are provided to children in association with Plan India, a non-governmental organisation.
4. The meal-programme will be at no extra cost to you.
5. You can claim 80G tax benefit