Compare Term Insurance Plans

Yes, you can buy a term insurance plan online. In fact, there are several benefits of buying a term plan online, like, you can make a more informed buying decision, avail of discounts from the insurer, compare term plan offerings, purchase a term plan quickly, etc.

While people can have multiple term insurance plans, a single policy with adequate coverage is often enough to meet your family’s needs. Managing multiple policies can increase costs, and it can be harder to keep track of premium payment dates. So, maintaining the plans may become difficult to over time.

The term insurance coverage should be sufficient to allow one’s family to continue with the same living standard even when the regular income ceases to exist. According to financial experts, a term insurance policy coverage must be a minimum of 15 to 20 times the insured’s existing income.

Yes, Tata AIA Life Insurance offers a free look period of 15 days on the term insurance plans purchased offline, while the free look period is extended to 30 days in case of term plans purchased online.

Yes, term plans offer tax benefits⁵. Term insurance premiums paid towards the policy are eligible for tax deductions, and the death benefits qualify for tax exemptions as per applicable tax laws.

Yes, term insurance can be a suitable investment choice because it provides a high sum assured for a low policy premium and ensures your loved ones are protected even in your absence.