Term Insurance Articles
Last Updated : Sep, 2024
Pradhan Mantri Suraksha Bima Yojana (PMSBY) Policy
Pradhan Mantri Suraksha Bima YojanaThe PMSBY is an accident insurance scheme that offers coverage for accidental death or disability due to an accident. It was launched by Prime Minister Narendra Modi on May 9, 2015, in Kolkata, West Bengal, to provide affordable insurance coverage for everyone.You can get up to Rs. 2 lacs by paying Rs.20/- per annum per member. However, on annual premium payment, you’ll get one year of coverage under PMJJBY valid from June 1 to May 31. It would be a one-y...
Written By : Sahil Singh Kathait
Last Updated : Sep, 2024
What is Term Insurance
What is Term Insurance?Term Insurance is a type of life insurance policy that offers financial coverage to your loved ones in case of your uncertain demise during the policy tenure. It is the simplest form of life insurance available at affordable premiums. Term life insurance offers you a range of benefits including:Death benefits for the family in case of the policyholder’s demise,Cheaper premiums as compared to other life insurance products,Option to choose a high sum assured,Tax benefi...
Written By : Himanshu Kumar
Last Updated : Sep, 2024
Term Life Insurance vs Whole Life Insurance
Term Insurance vs Whole Life InsuranceThere are various types of life insurance policies available in the market. The two most common types of life insurance policies are term insurance and whole life insurance. People often get confused when choosing between term life insurance and whole life insurance.To make the right choice it’s necessary to understand the real difference between the both. We have highlighted some pointers to make you better understand the difference.Term life insuranc...
Written By : Himanshu Kumar
Last Updated : Sep, 2024
Solvency Ratio in Term Insurance
What is Solvency Ratio in Term InsuranceThe solvency ratio term insurance indicates the insurer’s financial health and ability to pay claims. You can use it to check whether the company can meet its obligations, like a bank’s capital adequacy ratio. Besides checking the claim settlement ratio (CSR), you must also check the insurer’s solvency ratio while buying term insurance plan.As per IRDAI mandate, you must go for an insurer that maintains a minimum of 1.5 solvency ratio. In...
Written By : Sahil Singh Kathait
Last Updated : Aug, 2024
What is Life stage benefit in term insurance?
What is the Life stage benefit in term insurance? Term insurance is one of the affordable ways to secure your family against any unforeseen events. It will pay a fixed sum of money to your dependents if any unforeseen event happens to you. The amount can be used to cover the future expenditures of your dependents. But what exactly is life stage benefit in term insurance? Since every individual has to go through different life stages in life such as: Teenage, Adult, retirement and so on. Where th...
Written By : varun saxena
Last Updated : Aug, 2024
Income Replacement Term Plan
What is Income Replacement Insurance? An income replacement term plan is an insurance product that offers guaranteed income as lumpsum or periodic installments in case of the policyholder’s demise. It is an ideal plan for those individuals who want to secure their family’s financial future with a monthly income. In case of the policyholder’s demise, the sum assured is divided into two parts. One is paid as a lump sum amount and the other as regular income for a specific time. T...
Written By : Himanshu Kumar
Term Insurance Companies
- LIC Term Insurance
- HDFC Term Insurance
- ICICI Term Insurance
- SBI Term Insurance
- Max Life Term Insurance
- Tata AIA Term Insurance
- PNB MetLife Term Plan
- Bajaj Allianz Term Insurance
- Bandhan Term Insurance
- Kotak Term Insurance
- Canara HSBC Term Insurance
- Bharti Axa Term Insurance
- Aviva Term Insurance
- Indiafirst Term Insurance
- Exide Term Insurance
- Edelweiss Tokio Term Insurance
- IDBI Federal Term Insurance
- Future Generali Term Insurance
- Birla Sun Life Term Insurance
- Reliance Nippon Term Insurance
- Pramerica Term Insurance
Insurance Calculator
Confused? No Worries, We Are Here To Help!
100% Claim
Assistance
200000+
Customers
Lowest Price
Guarantee
Neutral
Advice
*Terms and Conditions May Apply
Share your Valuable Feedback
4.5
Rated by 952 customers
Was the Information Helpful?
Select Your Rating
We would like to hear from you
Let us know about your experience or any feedback that might help us serve you better in future.
Written By: Priya Singh
Priya has been in the content writing industry for over 8 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.
Do you have any thoughts you’d like to share?