Term Insurance policy
Leave a fortune to your family by choosing the best term life insurance product. Compare and buy now!
What is a Term Insurance policy?
The premium paid in the policy is less compared to other types as it has no cash value. Term insurance is considered a safe and secure investment as it provides financial stability to the insurer’s family after the death of the policyholder.
Need for term insurance
Why should you buy term insurance online?
- The premium amount is less than the offline insurance purchase.
- The concept of the middleman is avoided in online insurance purchase.
- The additional costs added to the premium amount marking the offline investments are left out in the online platform.
- With Quick buy feature, you can make the term insurance purchase in less than a minute.
- The next second you make the payment; you will receive notification about owning new insurance.
- The online system has a reminder system, that reminds on the renewal, and expiry of the policy.
- Online platforms can compare the policies available in the market and get the best of the market.
- The unbiased results provided by Fincover can make you buy the best policy in the market.
Types of term insurance policy
Level term plan
Term Return of Premium (TROP)
Increasing term insurance policy
Convertible term insurance policy
Decreasing term insurance policy
Documents required to buy a term insurance
- Passport size photo
- Identity proofs like Aadhaar card, driving license, PAN Card etc
- Income tax returns filed over the last 3 years or salary slips for the last 3 months
- Form 16 for salaried professional
- Form 16A for self-employed or freelancers
Term insurance exclusions
- Suicide within one year of policy purchase, according to some policies
- Death due to drug/liquor consumption
- Death due to criminal activity
- Complications that arise during pregnancy and childbirth
- Disease or condition that runs over a long period
- War or any nuclear activity
Features & Benefits of term insurance
There are several reasons why you should apply
How to buy term insurance online?
- Login to “Fincover”
- Click on the Insurance -> Life insurance -> Term insurance
- Enter your primary details asked in the page
- Get to see a range of term insurance policies available in the market
- Choose the best policy after analyzing the premium and sum assured
- Select the payment method and finish the payment process
- Take a printout copy of the insurance after purchasing