Term Insurance Benefits in 2025

What are the benefits of term insurance?

• Affordable Premiums: Term insurance is one of the most budget-friendly types of life insurance as you can secure a large sum assured at highly affordable premiums. For example, you can buy a 1 crore term insurance starting at just Rs. 478 per month.
  You can use the online term insurance calculator to estimate the required premiums for a term plan of your desired life cover.

• Return of Premium Option: A regular term plan does not offer any maturity benefits, but with a term return of premium plans, you can receive all the premiums you paid throughout the policy term at the end of the policy tenure.

  

• Whole Life Cover: One of the main advantages of term life insurance plans is that most term plans offer the option of extending the policy term to cover the policyholder for their whole life i.e., till 99 or 100 years of age. With these whole life insurance plans, the policyholder can ensure that their dependents are financially secure for their whole life.

• Flexible-Premium Payment Modes: Term insurance plans often offer a variety of premium payment terms and modes to help the policyholder pay the premiums at their convenience. You can choose to pay for a limited, regular, or single premium payment term on a monthly, quarterly, yearly, or half-yearly basis.

• Multiple Death Benefit Payout Options: Most term insurance companies in India allow policyholders to choose how they want to receive the benefit payout. The policyholder can decide if the death benefit will be paid as a lump sum, monthly installments, a mix of both, or as increasing monthly installments.

• Add Riders to Strengthen the plan: The rider benefits of term insurance allow you to enhance the base cover of the term plan at nominal premiums. The important term insurance riders in India are an accidental death benefit, accidental total permanent disability benefit, terminal illness benefit, critical illness benefit, hospicare benefit, and waiver of premium benefit riders.

• Term Insurance Tax Benefits: There are several tax benefits of term insurance that you can avail of by buying a term plan. You can claim term insurance tax benefits under sections 80C, 80D, and 10(10D) of the Income Tax Act of 1961 as per the prevailing tax laws.

• Ease of Buying: One of the most convenient term plan benefits is that it is easy to buy, as you can purchase the term plan in India from the comfort of your home with a few clicks. You can go through the policy documents, compare term plans, and their CSR ratios before selecting the right term insurance for yourself and buy online in just a few minutes.

*Note: Know what is term insurance first and then buy term plan for your loved ones.

Why you should buy term insurance in early age?

Here is a list of term insurance benefits of early purchase in life:

• Lower Premiums: One of the biggest term plan benefits of early purchase is that it is available at lower premiums. The younger you are at the time of buying term insurance, the lower your premiums will be.

• High Sum Assured: Some term plans may not offer a large life cover at a later stage. Therefore, one main advantages of term life insurance is that the earlier you buy a term plan, the more coverage you can avail.

• Lock Your Premiums: On buying early, you can get coverage for a large cover at affordable premiums that remain constant for the entire policy term. So, if you purchased a term plan for 500 per month, the term life insurance benefits are that the premiums will stay the same for the entire policy term, even at 50 and 60 years of age, no matter the age or health conditions later on.

• Long-Term Cover: When purchased early, your term life insurance benefits can cover you for your whole life. With a whole life policy, you can get covered under the plan till 99/100 years of age.

How a term plan can secure your family's future in 2025?

Here are the 2 main reasons a term plan can secure your family’s future:

• Income Replacement:

  • The income is designed to replace a substantial part of your lost earnings, providing your loved ones with financial security and stability after your passing.

  • Instead of a one-time lump sum, the income replacement term plan offers your family a steady income stream, usually delivered through monthly or annual payments.

• Covers Loan Liabilities: If you have home loans, car loans, personal loans, or credit card debt, the payout from a term insurance policy can be used by your family to clear these liabilities, preventing them from bearing the financial burden.

• Protects Assets: Without insurance, your family might need to sell assets like property, jewelry, or investments to repay debts. Term insurance ensures they can retain these assets while settling the debts.

• Prevents Financial Strain: The sum assured provides immediate financial relief, allowing your loved ones to focus on their well-being instead of struggling to manage repayments.

What are the Steps To Choose a right Term plan 2025?

Check the Approximate premiums in different Ages

Regular PlansReturn of PremiumHousewifeSaral Jeevan Bima

Gender

Male

Female

Consume Tobacco?

Yes

No

What is you age?

18 Years 19 Years 20 Years 21 Years 22 Years 23 Years 24 Years 25 Years 26 Years 27 Years 28 Years 29 Years 30 Years 31 Years 32 Years 33 Years 34 Years 35 Years 36 Years 37 Years 38 Years 39 Years 40 Years 41 Years 42 Years 43 Years 44 Years 45 Years 46 Years 47 Years 48 Years 49 Years 50 Years 51 Years 52 Years 53 Years 54 Years 55 Years 56 Years 57 Years 58 Years 59 Years 60 Years 61 Years 62 Years 63 Years 64 Years 65 Years

Life Cover required

20 Lac 25 Lac 30 Lac 35 Lac 40 Lac 45 Lac 50 Lac 55 Lac 60 Lac 65 Lac 70 Lac 75 Lac 80 Lac 85 Lac 90 Lac 95 Lac 1 Cr 1.1 Cr 1.2 Cr 1.3 Cr 1.4 Cr 1.5 Cr 1.6 Cr 1.7 Cr 1.8 Cr 1.9 Cr 2 Cr 2.1 Cr 2.2 Cr 2.3 Cr 2.4 Cr 2.5 Cr 2.6 Cr 2.7 Cr 2.8 Cr 2.9 Cr 3 Cr 3.1 Cr 3.2 Cr 3.3 Cr 3.4 Cr 3.5 Cr 3.6 Cr 3.7 Cr 3.8 Cr 3.9 Cr 4 Cr 4.1 Cr 4.2 Cr 4.3 Cr 4.4 Cr 4.5 Cr 4.6 Cr 4.7 Cr 4.8 Cr 4.9 Cr 5 Cr 5.1 Cr 5.2 Cr 5.3 Cr 5.4 Cr 5.5 Cr 5.6 Cr 5.7 Cr 5.8 Cr 5.9 Cr 6 Cr 6.1 Cr 6.2 Cr 6.3 Cr 6.4 Cr 6.5 Cr 6.6 Cr 6.7 Cr 6.8 Cr 6.9 Cr 7 Cr 7.1 Cr 7.2 Cr 7.3 Cr 7.4 Cr 7.5 Cr 7.6 Cr 7.7 Cr 7.8 Cr 7.9 Cr 8 Cr 8.1 Cr 8.2 Cr 8.3 Cr 8.4 Cr 8.5 Cr 8.6 Cr 8.7 Cr 8.8 Cr 8.9 Cr 9 Cr 9.1 Cr 9.2 Cr 9.3 Cr 9.4 Cr 9.5 Cr 9.6 Cr 9.7 Cr 9.8 Cr 9.9 Cr 10 Cr 10.1 Cr 10.2 Cr 10.3 Cr 10.4 Cr 10.5 Cr 10.6 Cr 10.7 Cr 10.8 Cr 10.9 Cr 11 Cr 11.1 Cr 11.2 Cr 11.3 Cr 11.4 Cr 11.5 Cr 11.6 Cr 11.7 Cr 11.8 Cr 11.9 Cr 12 Cr 12.1 Cr 12.2 Cr 12.3 Cr 12.4 Cr 12.5 Cr 12.6 Cr 12.7 Cr 12.8 Cr 12.9 Cr 13 Cr 13.1 Cr 13.2 Cr 13.3 Cr 13.4 Cr 13.5 Cr 13.6 Cr 13.7 Cr 13.8 Cr 13.9 Cr 14 Cr 14.1 Cr 14.2 Cr 14.3 Cr 14.4 Cr 14.5 Cr 14.6 Cr 14.7 Cr 14.8 Cr 14.9 Cr 15 Cr 15.1 Cr 15.2 Cr 15.3 Cr 15.4 Cr 15.5 Cr 15.6 Cr 15.7 Cr 15.8 Cr 15.9 Cr 16 Cr 16.1 Cr 16.2 Cr 16.3 Cr 16.4 Cr 16.5 Cr 16.6 Cr 16.7 Cr 16.8 Cr 16.9 Cr 17 Cr 17.1 Cr 17.2 Cr 17.3 Cr 17.4 Cr 17.5 Cr 17.6 Cr 17.7 Cr 17.8 Cr 17.9 Cr 18 Cr 18.1 Cr 18.2 Cr 18.3 Cr 18.4 Cr 18.5 Cr 18.6 Cr 18.7 Cr 18.8 Cr 18.9 Cr 19 Cr 19.1 Cr 19.2 Cr 19.3 Cr 19.4 Cr 19.5 Cr 19.6 Cr 19.7 Cr 19.8 Cr 19.9 Cr 20 Cr

Cover till age?

30 Yrs 31 Yrs 32 Yrs 33 Yrs 34 Yrs 35 Yrs 36 Yrs 37 Yrs 38 Yrs 39 Yrs 40 Yrs 41 Yrs 42 Yrs 43 Yrs 44 Yrs 45 Yrs 46 Yrs 47 Yrs 48 Yrs 49 Yrs 50 Yrs 51 Yrs 52 Yrs 53 Yrs 54 Yrs 55 Yrs 56 Yrs 57 Yrs 58 Yrs 59 Yrs 60 Yrs 61 Yrs 62 Yrs 63 Yrs 64 Yrs 65 Yrs 66 Yrs 67 Yrs 68 Yrs 69 Yrs 70 Yrs 71 Yrs 72 Yrs 73 Yrs 74 Yrs 75 Yrs 76 Yrs 77 Yrs 78 Yrs 79 Yrs 80 Yrs 81 Yrs 82 Yrs 83 Yrs 84 Yrs 85 Yrs 86 Yrs 87 Yrs 88 Yrs 89 Yrs 90 Yrs 91 Yrs 92 Yrs 93 Yrs 94 Yrs 95 Yrs 96 Yrs 97 Yrs 98 Yrs 99 Yrs 100 Yrs

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