What is Term Insurance? What are the Companies which offer Term Insurance in India?



I want to know more about term insurance and the players in the market. thanks!

What is Term Insurance? What are the Companies which offer Term Insurance in India?
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3 Replies to “What is Term Insurance? What are the Companies which offer Term Insurance in India?”

  1. Hi Sudha,

    Term insurance is the pure form of insurance. Each person is necessarily supposed to have a term insurance. Since this product is so widely recommended, most insurance companies offer term insurance policies. The best way to choose the best term insurance policy for you is to go by the insurance add ons that you get on your policy i.e the extra frills on the policy and the premium amount.

    A new variation brought about in term insurance are the online versions of the product. Here you can go to the insurance company site and buy an insurance policy online without going through an insurance agent. Hence not only are you in direct contact with your insurer, you are also saving up a lot on agent commissions.

    For example, the Future Generali Smart Life Term Policy that is an online product that can be availed at

    Hope this has helped you!


  2. Hi Sudha,

    Term insurance is a pure life insurance plan in which has the lowest premium rates.

    Benefits :
    On Maturity:On Maturity no amount will be paid to the Policyholder.

    On Death:On death of the Policyholder during policy term, Sum Assured will be paid to the nominee.

    All the insurers provide term insurance plans
    While selecting this plans from various insurers you must compare Claim Settlement Ratio of each company.LIC has the best claim settlement ratio


  3. Go for term cover from AEGON RELIGARE. Their rates are the lowest in the market. Visit their website.

    Term insurance is PURE RISK COVER with no maturity value.

    Your nominees get sum insured only if something happens to you.

    It is the cheapest & best form of insurance cover .

    Insurance is an expense , not an avenue for investment.





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