Sun Life Insurance

Sun Life Insurance offers comprehensive products designed to meet diverse needs and financial goals. Whether seeking temporary coverage through term life insurance or lifelong protection with permanent policies, Sun Life provides flexible options that cater to various circumstances. Let us examine why you should buy sunlife insurance and how it works. 

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Get ₹1 Cr. Life Cover at just

Term Insurance for NRI

Indians Living Abroad
  • Save Up to 50%  Compared to International Insurance Plans
  • Enjoy an Extra 18% Savings with No GST
  • Comprehensive Coverage Across the Globe
  • Dedicated Claim Support Team for Your Family
Policybazaar is one of India's leading digital insurance marketplace
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

₹2 Crore life cover at
Online discount upto 15%# Guaranteed Claim Support
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We are rated++
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

What is the Need for Sun Life Insurance?

SunLife Insurance is essential for ensuring financial security and peace of mind for you and your loved ones. Life insurance acts as a contract between you and the insurance company, guaranteeing that your beneficiaries receive a tax-free cash payment. Sun Life Insurance offers various options, ensuring you can find the right coverage to protect your family’s future.

Note: Check all the best term insurance plan in India.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

How Does a SunLife Insurance Work?

Sun Life Insurance works by providing financial protection to your beneficiaries in the event of your death. When you purchase a SunLife Insurance policy, you agree to pay regular premiums for the policy duration. In return, Sun Life guarantees your beneficiaries will receive the death benefit if you pass away during the policy term, provided all policy requirements are met. The death benefit is paid tax-free and can be used by your beneficiaries to cover mortgage payments, education costs, and daily living expenses. The specific amount and type of coverage you choose will determine the exact terms of your policy and the benefits provided.

What are the Benefits of Buying a SunLife Insurance?

Buying Sun Life Insurance provides financial security and peace of mind, ensuring that your loved ones are cared for in the event of your passing. Here are some other ways in which buying a Sunlife insurance can benefit you:

  • Flexible Use of Death Benefit:

    Your beneficiaries can use the tax-free death benefit to meet their financial needs, such as paying off debts, covering daily living expenses, or funding education costs.

  • Cash Value Option:

    Certain SunLife Insurance policies offer a cash value component, allowing you to accumulate savings over time that you can borrow against or withdraw.

  • Lifelong Protection:

    You can get lifelong protection with policies where your premiums never increase, ensuring consistent coverage without worrying about rising costs. 

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What are the Different Types of Life Insurance Offered by SunLife Insurance?

  1. Term Life Insurance:

    • Term life insurance plans provide temporary coverage for a specified term such as 10, 15, or 20 years.

    • These are initially more affordable, but premiums typically increase upon renewal after the term ends.

    • Some term plans offer the option to convert to permanent life insurance without undergoing a medical exam

  2. Permanent Life Insurance:

    • These plans offer lifelong coverage that never expires, providing continuous protection.

    • Sunlife permanent life insurance Includes whole life, participating, and universal life insurance.

      • Whole Life Insurance: Provides guaranteed death benefits, fixed premiums, and potential cash value growth.

      • Participating Life Insurance: Offers potential dividends which can be used to reduce premiums or increase coverage.

      • Universal Life Insurance: Provides flexible premiums and death benefits, with a component that can accumulate cash value on a tax-deferred basis.

    • Some plans offer tax-preferred growth in cash value and options to increase the death benefit.

How Can I Get a Sun Life Insurance Quote?

You can consult an advisor or use the online quote tool to get a Sun Life Insurance quote. For personalized assistance, find a Sun Life advisor by entering your postal code on their website, where you can discuss your needs and get tailored recommendations. Alternatively, if you prefer a quicker process, answer a few questions online to receive a quote for coverage up to $1,000,000. Both methods ensure you receive the guidance and information needed to make an informed decision about your life insurance options.

Alternate Ways to Buy Term Life Insurance for NRIs in Canada

  1. Benefits of Buying Term Life Insurance for NRIs in India

    • 18% GST waiver on premiums along with 5% additional discount on annual mode

    • Premiums are much more affordable than international-term plans

    • Term plans provide global coverage with pre-approved cover

    • Tele/video medicals facilitate easy and quick purchase of term plans for NRIs

    • A special exit benefit allows you to exit the plan early and receive all the premiums paid back

  2. How to Buy Term Life Insurance for NRIs from Indian Insurers?

    NRIs living in Canada can easily buy term life insurance for NRIs from Indian insurers by simply following the below-mentioned steps:

    Step 1: Visit the term life insurance for NRI page of Policybazaar

    Step 2: Provide your name, age, gender, and other contact information

    Step 3: Select the correct occupation type, annual income, educational qualifications, and smoking habits

    Step 4: Choose the term life insurance for NRIs and proceed to pay

Premium By Age

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com  in the first 6 months of FY 24-25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

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