Independent IRDAI Comparison

Pure Term Life Insurance Plans in India

Secure a financial fortress for your family with ₹1 Crore cover starting at ~₹490/month*.

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99.2%

Avg Claim Settlement

Up to ₹1.5L

Tax Deduction u/s 80C

85 Years

Cover Upto Age

100% Online

Paperless Process

Key Advantages

Why You Need This Protection Today

Highest Cover at Lowest Premium

Pure protection without investment baggage gives you 100X to 200X your annual premium in guaranteed life cover.

Clear Home Loans & Liabilities

Ensure your home loan, car EMIs, and personal debts are not passed onto your spouse or elderly parents.

Secure Children's Future Goals

Fund your children's higher education, marriage, and overseas aspirations even in your absence.

Tax-Free Payouts u/s 10(10D)

The entire death benefit received by your nominee is 100% exempt from income tax.

Actuarial Guide

Recommended Cover by Life Stage

How much coverage should you pick based on dependents and liabilities.

Early 20s (First Job / Unmarried)

Cover: ₹1 Crore (Tenure: up to Age 65)

Lock in rock-bottom premiums for the next 40 years. Non-smokers pay as low as ₹16/day.

Mid 30s (Married with Children & Mortgages)

Cover: ₹1.5 to ₹2.5 Crores (Tenure: up to Age 75)

Add critical illness and accidental disability riders to cover lost earning capacity while family liabilities peak.

Late 40s (Approaching Retirement)

Cover: 10X Current CTC with Return of Premium option

Ensure debt-free retirement for spouse with guaranteed payouts and early exit options.

Pre-Purchase Audit

The 6-Point InsurerVeda Buyer Checklist

Review these non-negotiables before paying any premium.

Choose a minimum cover of 10 to 15 times your current annual CTC.

Verify the Insurer's Claim Settlement Ratio (CSR > 98%) over the past 3 consecutive years.

Check the Solvency Ratio (must be above the IRDAI mandatory minimum of 1.50).

Truthfully disclose smoking, tobacco, and existing health conditions.

Evaluate riders: Accelerated Critical Illness, Accidental Death, and Waiver of Premium on Disability.

Transparency First

What is Covered vs. What is NOT Covered

We highlight policy exclusions in plain English so you are never caught unprepared at the hospital.

What is Covered (Inclusions)

Death due to natural causes, illness, or infections
Death due to road, rail, or air accidents
Terminal illness diagnosis (100% payout upfront while alive)
Permanent disability (with Waiver of Premium rider)
Death due to COVID-19 or viral outbreaks

What is NOT Covered (Standard Exclusions)

Suicide within the first 12 months of policy issuance
Death resulting from participation in illegal or criminal acts
Death due to active war, nuclear weapons, or terrorism (standard exclusion)
Non-disclosure or willful fraud in proposal questionnaire

Expert Answers

Frequently Asked Questions

Financial planners advise multiplying your annual gross income by 10 to 15 times, plus adding any outstanding loan balances (like home loans) and subtracting your current liquid savings.

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