** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

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Get an online discount of upto 10%**

1 cr. life cover at Rs. 490/month ^*

Protection against all forms of death, disease & disability

No medical required^*

Term Plans 70% cheaper than international life insurance plans

Get Term Life insurance for you & your family

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^** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

Know More about life insurance

Term Life Insurance

Term Life insurance provides coverage for a fixed period of time at a fixed premium rate.
In case of untimely death of the life insured during the policy term , the nominee of the life insured gets the Total Payout/Benefit. The benefit can be paid out as a lump sum payout or a combination of Lump sum & Monthly payout or only as a Monthly payout.
Therefore Term insurance plans are said to be pure protection plans which ensure financial stability of the dependants in case of untimely death of the life insured.

Benefits of Term Life Insurance

Death Benefit: In the unfortunate event of death of life insured during policy term, the nominee shall receive the Total Payout as a Lump sum amount or a combination of Lump sum & Monthly amount.
Lump sum amount to take care of immediate financial liabilities.
Monthly income to sustain the family lifestyle.
Tax Benefit: The premiums paid for Term Life Insurance are Tax free under section 80(C) upto an amount of Rs 1,50,000.
Rider Benefits: Riders are an important addition to the basic plan offering & provide an option to customize the coverage to the life insured.
Accidental Death Benefit rider offers an additional sum assured over the base plan offering in case death occurs due to an accident.
Accidental Disability rider offers an immediate lump sum payment on occurrence of any disability due to an accident.
Critical Illness rider offers an additional sum assured over the base plan offering if the life insured is diagnosed with one of the critical illnesses mentioned in the rider.
Waiver of Premium rider offers the waiver of all policy premiums in case the life insured is diagnosed permanent disability or critical illness.
Option to increase Death benefit: Certain plans have offerings where the life insured can increase the life cover at key stages in life like marriage , birth of child.

Key Terms when comparing Term Life insurance plans

Total Payout of each plan
Premium amount paid for desired Total Payout
Policy term offered
High claim settlement ratio
Riders offered with the plan

CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited)

Policybazaar is currently registered as a Web aggregator by IRDAI. Approval for registration as an Insurance Broker is pending with the IRDAI.

Registered Office no. - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001

IRDAI Web aggregator Registration No. 06 Registration Code No. IRDAI/WBA21/15 Valid till 13/07/2021

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The product information for comparison displayed on this website is of the insurers with whom our company has an agreement.