How will your family get the Claim money from Life Insurance (Term Insurance)?
Go to DashboardBasic Life Cover: Your dependents are entitled to a lump sum payout as per the term insurance payout.
Fixed Income: Your nominee receives the policy benefit in the form of a fixed level monthly income for up to a specific period, as selected at the time of the policy purchase.
Increasing Income: Your dependents receive the policy benefit in the form of an increasing monthly income for up to a specific period, as selected at the time of the policy purchase.
Basic Life Cover + Monthly Income: Your dependents receive the payout in the form of monthly income for ten years in addition to the lump sum payout.
Basic Life Cover + Increasing Monthly Income: Your dependents receive the term plan payout in the form of an increasing monthly income, in addition to lumpsum amount.
Increasing Cover: The sum assured increases at a fixed rate every policy anniversary. At the time of your demise, your family would receive the Sum Assured effective as on the last policy anniversary, as a lump sum payout.
Reducing Cover: The sum assured decreases by a fixed rate on the completion of every 5th policy year. Upon your demise within the policy tenure, your nominee would receive the Sum Assured effective on the last policy anniversary, as a lump sum payout.