How to Buy Term Life Insurance

No doubt, term insurance is a handy financial tool when it comes to securing the future of loved ones. Thanks to higher life cover with lower premiums, term insurance gives policyholders an advantage over the uncertainties of life.

People from different walks of life understand its importance and consider it worth buying. While buying a term plan, the first thing that comes to mind is how to buy term insurance hassle-free.

With a few simple steps, you can avail yourself of a term insurance plan. Whether you wish to buy a term plan online or offline, it can be done in no time at all.

Steps to Buy Term Insurance

Rapid growth in technology makes buying a term insurance plan easier. It doesn't involve any intermediary, which saves time as well as gives a sense of security. However, you can buy term insurance directly from the insurer or let us help you find the best term plan with the help of our insurance experts.

Therefore, here we've listed a few simple steps to buy term life insurance from PolicyX.

• Browse policyx.com on your device.
• On the PolicyX homepage, click the 'Buy Now' option in the top right corner of the screen.
• Now, click on 'Term Plans'.
• After that, you'll get a list of all available term insurance plans in the market.
• Choose the plan and click on the 'PolicyX URL'.
• Fill out the necessary details to buy the plan you like.
• Proceed to pay through net banking, debit or credit card.

Eligibility Criteria for Buying Term Insurance in India

Anyone with legal citizenship in India with an income and above 18 years can buy a term insurance plan. But before opting for a term plan, it's better to understand the eligibility criteria clearly.

Here, we've listed the general parameters that apply to all term plans.

General Parameters

Documents Required to Buy Term Insurance

While buying a term insurance plan in India, you must submit a set of government-issued legal documents. It is one of the essential eligibility criteria for purchasing a term plan. These documents are required to cross-check your identity to prevent fraud.

So make sure to check the given list of documents before applying for a term insurance plan:

Why Choose PolicyX.com?

PolicyX.com is an IRDA-approved insurance aggregator, a one-stop solution for all your insurance needs. It is an award-winning organization that aims to make term insurance hassle-free for everyone. With a team of 300-plus insurance experts, they serve millions of Indian buyers annually.

• PolicyX.com is an insurance aggregator offering free comparison services to help consumers compare, choose, and buy policies online.
• It is a one-stop shop for all insurance needs and lets you compare up to 15 companies in just 30 seconds on PolicyX.com.
• PolicyX strives to make the insurance buying process simple and hassle-free, where customers can buy insurance within 5 minutes.
• The team of dedicated customer representatives is available round the clock to assist existing or new customers.