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Choose any two term insurance plans and compare them to pick the plan of your choice
Inbuilt riders (add-on benefit) |
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Entry Age (years) |
Min |
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Max |
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Maturity Age (years) |
Min |
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Max |
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Pay premium for (Premium Payment Term in years) |
Min |
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Max |
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Stay covered for (Policy Term in years) |
Min |
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Max |
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Life cover (Base Sum Assured in Rs) |
Min |
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Max |
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Premium payment mode |
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Death benefit |
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Option to cover till age of 100 |
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Return of premium |
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Option to increase life cover |
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Terminal illness cover |
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Health benefit |
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Income benefit |
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Tax benefit up to ₹46,800# |
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Wellness program## |
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Upfront premium discount |
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Renewal premium discount |
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Other benefits |
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Abbreviations: SA - Sum Assured, TB - Term Booster, AD - Accidental Death, ATPD - Accidental Total &, Permanent Disability Benefit, CCP - CritiCare Plus
Whether you are the sole earning member of your family or provide financial support for your loved ones in any way, you can consider having a term insurance plan. This is because the sum assured of the term plan will offer financial support to your family in the event of your untimely demise.
When purchasing a term policy, always consider the needs of all your family members. This can ensure that all their future goals, as well as any financial liabilities, can be taken care of.
A term insurance plan coverage can be extensive enough to cater to all major as well as minor financial needs in your absence. Hence, when availing of the term plan, be sure to select adequate life insurance coverage.
Term insurance plans, though quite similar, can be selected on the basis of certain important features. These are some of the features which you may want to consider when comparing different term plans:
Term plans have low and affordable premiums. This can enable you to pay your premiums regularly without feeling the burden of expensive premiums.
The life insurance coverage offered by a term plan is extensive, even with low premiums that can help your family meet all their financial commitments.
The policy term or the period of life insurance coverage can be chosen as per your family’s insurance needs and your preference.
You can pay your premiums in one instalment when buying the policy. Or, you can pay them regularly throughout the policy term or even for fewer years.
Should I compare term plans offline or online?
You can compare term plans online if you want to simultaneously compare two or more policies. This will help you save a lot of time and the hassle of comparing different features and benefits of multiple policies.
Can I buy my term plan online?
Yes, once you choose the term plan of your choice, you can complete the purchase online. We offer multiple digital payment channels to ensure smooth and secure premium payment and checkout.
How to choose the sum assured of a term plan?
The sum assured or the total policy coverage will depend on your family’s future needs. If they have any major commitments in the future, the sum assured should be able to meet their needs. Likewise, you can also make provisions for future emergencies as well.
Will I be able to buy multiple term plans?
While you can buy multiple term plans, it is advisable to have one term plan with adequate life insurance coverage. By doing so, you can save the trouble of multiple premiums and due dates for their payments. Managing two or more term plans can also become expensive and cumbersome over time. You can evaluate if the term plan you are considering offers an option to top up/increase cover in future so that you can upgrade your life cover, if required, basis your life stage/needs.
When should I renew my term insurance plan?
Term plans need to be renewed if they lapse as a result of non-payment of premiums. Once the policy lapses, you cannot receive life insurance coverage. As per the terms and conditions of the policy, a lapsed plan can be renewed by paying all the due premiums with the applicable interest.
Do online term plans have multiple premium payment options?
Yes, online term plans come with flexible premium payment options. You can pay your premiums as a lump sum or for a limited number of years during the policy term. You can also choose to pay them regularly each month, quarter, or year for the whole policy term.
What aspects should I consider while buying a term plan?
Disclaimers
|
Vitality Health (HospiCare) |
Vitality Protect (Term Booster, CritiCare Plus) |
Vitality Protect (Accidental Death, Accidental Total & Permanent Disability) |
Upfront discount on first year Rider premium |
10% |
10% |
5% |
Discount on renewal premium |
Up to 30% based on wellness status |
Up to 15% based on wellness status |