A protection plan helps you secure the future of your loved ones, and shields your family from uncertainties in life. It is important to safeguard your family from life’s uncertainties, such as loss of income, untimely demise of a loved one, or critical illnesses. Term insurance facilitate the Rakshakaran of your family, so that you and your loved ones can live life to the fullest.

Since the premiums are lower when you start early, it is a good idea to purchase a term insurance when you are young and . Another benefit is that you may not have to undergo medical tests if you purchase a term insurance at a young age

You can choose from the following  premium payment frequencies

• Annual
• Half-yearly
• Quarterly
• Monthly

To buy an insurance policy, you need to submit the following mandatory documents.

Proof of address:

The following documents are accepted as valid proof of your address.

• Bank Statement (or passbook) with the latest entries for six months 
• Aadhaar card
• Passport
• Voter's ID
• Driving license
• Electricity/telephone bill
• Ration card

Proof of identity:

Some of the documents that are accepted as valid proof of your identity include:

• PAN card
• Aadhaar card
• Passport
• Driving license

Documents showing proof of income:

These documents, which are required only for a few plans, include:

• Salary slips of the previous 3 months
• Income tax returns/Employer certificate
• Bank statement of the previous 6 months
• Latest Form 16

The Maha Raksha Supreme(UIN: 110N102V03) plan gives you the benefit of receiving 50% of the basic sum assured, if the policyholder is diagnosed with terminal illness. This is possible through the in-built Payout Accelerator benefit. That said, the Death Benefit under the policy is automatically reduced by the amount paid under the Payout Accelerator benefit.

Additionally, you can also increase the cover at a later date, during future milestone events, such as your marriage, or the birth of your child. This can be done through the Life Stage Plus option, and you won’t have to go through the trouble of a fresh medical check-up either.