Compare Life Insurance Quotes from £6.93 per month from Indian insurers. One of the most effective ways to find the life insurance plan for your needs is to compare life insurance quotes from different insurance companies.
Life insurance helps protect your family financially if you die during the policy term. This type of insurance plan allows you to leave your money behind to help your family members pay off outstanding debts and continue to pay the bills when you are not around.
The death benefit payout is generally made as a lump sum. Thus, some plans allow you to offer an option of regular income. The cost of life insurance is influenced by factors such as your age, health status, and lifestyle choices, along with the type and duration of coverage you need.
What are the Benefits of Life Insurance?
Before you take a look at the life insurance quotes of the most suitable plans, here is the list of benefits that a life assurance policy provides your family in your absence:
Your family can use the benefit amount to maintain their current quality of life
Pay off any remaining loans or debts that may fall on your family’s shoulders
Act as income replacement in case you are the main breadwinner of the family
Your family can use the benefit amount to pay for the child’s future education
Provides you with the peace of mind of knowing your family is financially secure
If you are concerned about the financial impact of a serious illness, you may consider buying life insurance that includes critical illness coverage. Certain additional benefits, such as critical illness cover, can help with replacing lost income, provided you meet the criteria outlined by your insurer.
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+
Do I Need Life Insurance?
You might need life insurance if:
You are single and young
You have outstanding debts
You are a business owner/self-employed
You are newly married
You are married with children
How Much Cover Do I Need?
The optimal level of life insurance coverage varies based on individual circumstances. Generally, higher coverage entails higher premiums, but underestimating coverage needs could potentially leave your loved ones financially vulnerable.
Consider potential changes in circumstances. For instance, the death of a non-working partner could lead to increased childcare or eldercare expenses. Similarly, if a working partner passes away, you might need to reduce work hours to care for dependents.
It's essential to recognize that life insurance serves purposes beyond just supporting family breadwinners.
What Does Life Insurance Quotes Mean?
Life insurance quotes refer to the amount that the policyholder has to pay in order to receive the policy benefits. Before buying a life insurance policy, it is important to ensure that the life insurance quote fits in your budget to avoid any policy lapses.
How Can I Get Life Insurance Quotes?
You can get life insurance quotes by providing the following information:
Your name, date of birth, and contact details
Personal information like your annual income, educational qualifications, and medical history of you and your family
Lifestyle habits like smoking/drinking habits and participation in adventure activities
In the case of joint life insurance, you also need to provide your partner’s details
The required life cover, policy term, and the riders you may want to add to the policy
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What are the Life Insurance Quotes for NRIs From Indian Insurers?
Life insurance plans from Indian insurers allow customers to buy the most suitable life insurance policy online at highly affordable premiums. The Life insurance quotes from Indian insurers are:
*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
How Can You Buy a Life Insurance Policy Online in England from India?
Here is how you can buy life insurance policy online from Indian insurers in England:
Step 1: Visit the Term Insurance Page on Policybazaar’s official website
Step 2: Fill in the required details like name, gender, and contact details
Step 3: Enter the accurate smoking habits, educational qualifications, annual income, and occupation type
Step 4: The life insurance quotes for the available policies will be listed
Step 5: Choose the most suitable life insurance policy and proceed to pay
Wrapping it Up!
A life insurance quote is one of the first things a customer considers when buying a life insurance policy. This is not only to save more on the premiums but also to avoid policy lapse, which can occur if the premiums are too high to manage. You should always take a look and compare the life insurance quotes of different plans before buying the most suitable life insurance policy.
†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