Beginner’s Guide to Term Insurance in 2023

Beginner’s Guide to Term Insurance in 2023

What is Term Insurance

Term insurance is a straightforward form of life insurance that offers coverage for a set period known as the "term." Unlike permanent life insurance policies like whole life or universal life, term insurance focuses solely on providing a death benefit to your beneficiaries if you pass away during the policy term, which makes it a cost-effective and straightforward option for life insurance coverage.

How Does Term Insurance Work

Benefits of Term Insurance Plan

Who Should Consider Purchasing Term Insurance?

Let us examine a few eligible individuals who would benefit from purchasing term insurance policies to safeguard their family's finances:


Term life insurance is an urgent requirement for a large segment of the Indian population. However, the insurance industry limits the plan's entrance age to prevent insurers from giving risk coverage to the elderly who are at significant health risk. Make a plan for your future today. Buy term insurance for yourself and your loved ones to provide financial security in the now and the future.

Frequently Asked Questions (FAQ)

Q: Is term insurance covered under 80c
Ans: Yes, you can. Under Section 80C of the Income Tax Act of 1961, you may deduct these premium payments for your term insurance up to a limit of Rs. 1.5 lakh per year.

Q: What are the term insurance eligibility in india
Ans: The minimum age requirement is 18, while the highest age to purchase term insurance is 65. Your premium is affected by your smoking or non-smoking status.


Buy Now

insurance Insurance mutual-fund Mutual
investment Fixed