Term plans enable you to secure the financial future of your loved ones by providing a large amount of life cover at a low premium. These plans can keep your family secure and financially independent, in your absence

To financially secure the future of your wife and kids

In your absence, the payout from the term plan can be taken as a lump sum or as regular payments (like a monthly income). These funds can help to pay for regular expenses of your family.

To take care of your loans/liabilities

A term plan is very important if you have liabilities like a home loan or are expecting large expenses in the future (like your child’s education or marriage). The right amount of life cover can provide financial security to your family members in your absence.

To protect your health

A term plan can provide financial support to you in case of a critical illness. So, if you are ever diagnosed with a life threatening illness, your term plan can pay for the medical treatment and you will not have to break any investments.

#The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. The future premiums payable for the residual CI Benefit will reduce proportionately. In case the CI Benefit equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. Only doctor’s certificate confirming diagnosis needs to be submitted. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. To know more about the illnesses covered, please refer to the Sales brochure. Available under Life and Health and All in One options. For more details on the risk factors, term & conditions please read the sales brochure carefully before concluding the sale.

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