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Life Insurance Plans & Policies in India

Life is unpredictable, there might be cheerful celebrations or multiple unforeseen circumstances that you can never think of. So better be prepared for the days. In such cases, life insurance can work as a strong financial shield for you and your loved ones with you or in your absence.

A life insurance plan is a contract between the life insurance company and the policyholder in which the company promises to pay a pre-determined sum amount to the nominee in case of the death of the policyholder or after the maturity of the policy. In return, the assured need to pay a premium amount for a certain time. A life insurance policy ensures the financial security of the family of the assured in case of an unforeseen event. Some life insurance companies in India also offer optional rider coverage, such as accidental riders, critical illness riders, etc.

The benefits of buying a life insurance policy are more than just providing financial security to the insured's family. A life insurance policy can help individuals to get tax benefits on the life insurance premiums paid and also avails multiple benefits received under the life insurance policy. A life insurance plan can be used as collateral for a loan. Hence, we cannot ignore the importance of life insurance in ensuring the financial security of loved ones.

Types of Life Insurance Plans

There are various types of life insurance available in India. The following are the different types of life insurance plans available in India:

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Term Insurance

Term insurance is the most simple and basic type of life insurance plan. It is also known as a pure protection plan. A term insurance plan provides a death benefit to the policy's nominee/beneficiary if the life assured dies suddenly during the policy term. This type of plan provides financial security to the family and loved ones in case of the absence of the policyholder.

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Whole Life Insurance

Whole life insurance remains active till the policyholder is alive (up to 100 years of age). If the policyholder dies during the policy term, the insurer pays the sum assured under whole life insurance to the nominee of the policy. If the policyholder survives till the age of 100 years, the insurer pays the matured endowment coverage to the policyholder in the form of maturity benefit.

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Endowment Life Insurance

Endowment plans are also known as traditional life insurance plans. It is a combination of savings and a life insurance plan. An endowment plan helps the policyholder to save his fund regularly to get the lump sum amount on the maturity of the policy. This maturity benefit is paid to the insured if they survive the entire policy tenure. In case of demise of the life assured during the policy term, the life insurance company provides the sum assured to the beneficiary as the death benefit of the policy.

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Child Protection Plan

A child insurance plan is a combination of life cover and investment plan. It secures multiple stages of your child’s future. The plan offers a lump sum amount at the end of the policy term and this amount can be used for your child's education and marriage.

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Retirement Plan

The retirement plan is also known as a pension plan . It is a combination of investment and life insurance plans. A retirement plan or pension plan helps you to secure your post-retirement life financially. This plan helps you to get regular income even after retirement and helps you to become financially independent to enjoy post-retirement life.

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ULIP Plan

The unit-linked investment plan is a combination of an investment and life insurance plan. This plan is specially designed for wealth creation and life protection. This plan invests your money in market-linked funds (stocks, bonds, mutual funds, etc). Generally, ULIP plans are flexible and transparent allowing you to customize your plan as per your needs and requirements.

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Money-Back Plan

The money back plan is a combination of both insurance and an investment plan. Under money back plan, the policyholder gets regular payouts every 5 years as a survival benefit. These regular payments are usually equal to some percentage of the sum assured amount.

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Savings & Investment Plan

The savings and investment plan is the best life insurance plan that channelizes your regular savings into safe and secure long-term investment returns. Under this plan, you can expect to get guaranteed maturity benefits along with a life cover. This plan covers both traditional and ULIPs so you can plan your short-term and long-term future expenses. As an additional benefit, these plans allow you to save on taxes.

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Group Life Insurance Plan

A group life insurance plan is another type of life insurance that is eligible for a group of people in the same contract irrespective of their age, gender, occupation, or social/economical status. Generally, group insurance is preferred by organizations where employer prefers to cover all their employees under a single plan from the day of their joining to the day of resignation. This master life insurance plan covers every individual in the group, their children, and their dependent parents.

Comparisons of Life Insurance Plans in India 2024

BasisWhole Life InsuranceTerm InsuranceEndowment PlanUnit Linked Investment Plan (ULIP)Pension/Annuity PlanTerm Return of Premium (TROP)
OverviewLife protection for 100 yearsLife Cover for a specific duration against a fixed premium amountCombination of Protection + Guaranteed returnsCombination of Protection + InvestmentRegular pension for post-retirement lifePremiums paid are refunded at the end of the Policy Term
Policy Tenure (in Years)Till 100 years5-85 years5–35 years10–20 yearsWhole Life5–65 years
Maturity BenefitsAvailable when you turn 100 years oldNot availableAvailableAvailableRegular Income after retirementSurvival Benefits on Maturity
Death BeneficiaryLife CoverLife CoverSum AssuredSum AssuredNot AvailableSum Assured

How Does Life Insurance Work?

Life insurance is a contract between the policyholder and the insurance company in which the insurance company promises to pay a lump sum amount to the policyholder or nominee. Life Insurance policies help achieve long-term financial goals and provide financial protection to your loved ones when you are not around. Life insurance policies are versatile in nature as they help achieve numerous financial objectives. Below are some of the goals:

Financial protection of the family
Financial protection of the family

Buying a House
Buying a House

Education for Children
Education for Children

Post-retirement pension
Post-retirement pension

Child’s Marriage
Child’s Marriage

Why is Life Insurance Important?

Life insurance is important because it provides financial protection and support to your loved ones during your unexpected death. Life insurance can help your family pay for final expenses, such as funeral costs, and provide a source of income to replace your lost earnings. It can also be used to pay off debts, such as a mortgage or car loan, and cover ongoing expenses like childcare or tuition fees.

Having life insurance can give you peace of mind knowing that your loved ones will be cared for financially, even if you are no longer there to provide for them. Additionally, some life insurance policies can accumulate cash value over time, which can be used to supplement retirement income or pay for other expenses.

Life insurance is particularly important for individuals who have dependents, such as children or a spouse, who rely on their income to cover basic living expenses. It can also benefit business owners who want to ensure the continued operation of their business after their passing.

Reasons Why Life Insurance is Important?

Life insurance provides financial protection and stability to your loved ones during a difficult time. It helps ensure that they can maintain their lifestyle, cover expenses, and achieve their long-term goals, even in your absence. Life insurance is important for several reasons:

Reasons Why Life Insurance is Important?

Financial Protection for Loved Ones

Life insurance provides a financial safety net for your loved ones during your untimely death. It can help cover expenses such as funeral costs, outstanding debts (e.g., mortgages, loans), daily living expenses, and education costs for children.

Income Replacement

If you are the primary breadwinner in your family, life insurance can replace the income you would have provided. This ensures that your family can maintain their standard of living and meet their financial obligations even after you are gone.

Debt Repayment

Life insurance can help settle any outstanding debts or loans you leave behind, such as mortgages, car loans, or credit card debt. Without life insurance, your loved ones may be burdened with these financial obligations.

Reasons Why Life Insurance is Important?

Estate Planning

Life insurance can play a vital role in estate planning. It can provide liquidity to cover estate taxes, legal fees, and other expenses of transferring assets to your beneficiaries.

Business Continuation

Life insurance can be crucial for business continuity if you own a business. It can be used to fund a buy-sell agreement, ensuring a smooth ownership transition in the event of your death. Life insurance can also help cover any outstanding business debts or provide funds to keep the business running during a challenging time.

Peace of Mind

Having life insurance offers peace of mind, knowing that your loved ones will be financially protected if something happens to you. It provides a sense of security, allowing you to focus on other aspects of life without worrying about the financial well-being of your family.

Reasons Why Life Insurance is Important?

Affordability in Youth

Life insurance tends to be more affordable when you are young and healthy. Securing a policy early can help you lock in lower premiums and ensure long-term coverage.

Cash Value Component

Certain types of life insurance, such as whole life or universal life insurance, build cash value over time. This cash value can be accessed or borrowed during your lifetime for various purposes, such as supplementing retirement income or funding emergencies.

Charitable Contributions

Life insurance can be used as a tool for charitable giving. You can name a charitable organization as the beneficiary of your policy, ensuring that your philanthropic goals are fulfilled even after you are gone.

Reasons Why Life Insurance is Important?

Final Expenses

Life insurance can cover the costs associated with your funeral and other final expenses. It relieves your loved ones from the financial burden of arranging and paying for these services.

Key Features of Life Insurance Policy in India

Life is uncertain and the only way to deal with this uncertainty is to be prepared for them. To avoid such uncertainties, you can buy a life insurance policy that provides financial protection to your family and your loved ones in your absence. A life insurance plan is not just a tool that provides financial protection, it has many other features that one needs to understand before buying a life insurance policy in India. Below mentioned are the key features of the life insurance policy in India:

Death Benefits

In case of an untimely death of the life assured during the policy term, the nominee will receive a death benefit, which will help your financial dependents to fulfill their daily needs and life goals.

Investment option

A life insurance policy can be used as an investment option, if you invest in ULIPs, Endowment and Money Back plan as these type of life plans provide dual benefits of life cover and investment.

Tax Exemption

You can also save your income tax with the help of a life insurance policy. Under sections 80C and 10(10D) of the Income Tax Act, 1961, you can avail of income tax benefits of buying a life insurance policy.

Flexibility in payments of the premium

A life insurance policy offers flexibility in premium payment. You can pay your life plan premiums on a monthly, quarterly, half-yearly, or yearly basis. You can choose your premium payment mode and frequency under the life insurance plan.

Maturity Benefits

Life insurance policies offer maturity benefits if the policyholder survives the policy term. The life insurance company will provide a sum assured to the policyholder as a maturity benefit at the end of the policy tenure.

Collateral for Loan

Some life insurance policies offer a loan against a policy facility that can help the policyholder meet immediate financial needs, such as medical bills or loan repayment, etc.

Optional Riders

With the life insurance plan, the policyholder may get a chance to get the optional rider benefits which significantly work as the top-up plan. This includes accidental death benefits, critical illness coverage, partial disability, or complete disability benefits. Optional riders are totally elective by the policyholder and allow to choose single or multiple benefits.

Nominee of Choice

When purchasing a policy, the policyholder is allowed to select the nominee of his/her choice. It solely depends upon the policyholders whether they want to make their family member a nominee or not. The nominee will get the policy benefits if the policyholder is demised during the premium tenure.

Assured Income

Life insurance covers a long and short-term income facility for you or your loved ones after your uncertain demise. This helps in reducing liability burdens and covers any illness or critical circumstances.

Benefits of Life Insurance policy

Whether you want to secure your future with ample savings or wish to protect your family during the rough phases of life, a life insurance policy is the best asset for you. A well-planned life insurance policy provides financial protection to the family in case of the sudden death of the policyholder. It helps the policyholder to financially secure the future of their loved ones and also gives them a way to save their earnings for a better future. There are various benefits of buying a life insurance policy in India. Below mentioned are the benefits of buying a life insurance plan in India:

Plan at a young age, relish in old age

The earlier you plan to get life insurance, the lesser you need to pay the premiums. Also, if you are planning a stable and stress-free future, life insurance becomes more essential.

Strong Financial Protection

Life insurance provides financial protection to loved ones. Life insurance act as a financial shield for the family of the policyholder

Gain a financially stable future

A life insurance policy can help in securing the financial security of your loved ones in the future. A life insurance plan pays a death benefit to the nominee in the event of the death of the insured, which can help the family to clear debt or other responsibilities and maintain their standard of living.

Plan a stress-free post-retirement life

Life Insurance policy can be very useful at the time of your retirement and provides you financial support and makes you financially independent post-retirement.

Save on Taxes

Section 80C of the Income Tax Act allows you to deduct up to Rs. 1.5 lakh in life insurance premium. Additionally, if the premium is up to 10% of the sum assured or the sum assured is at least 10 times the premium amount of the life insurance plan, then the income is eligible for tax exemption under section 10(10D).

Best to reduce your loan burden

A life insurance policy allows you to take a loan at a low-interest rate to meet immediate financial expenses. With the help of a life insurance plan, the assured can enjoy a substantial amount of liquidity. You can avail of loan facilities by investing in ULIPs, endowment plans, and child plans.

Securing your child's future

If properly planned, life insurance can provide you and your child with many benefits at different stages of life. Whether you dream of the best education for your child or set competitive future goals, you achieve it all.

Best Life Insurance policy in India 2024

Buying a life insurance policy can be a daunting task for the customers as many life insurance companies are offering various life insurance plans in India. We "RenewBuy" have done some extensive research and made a list of "Best Life Insurance Policy in India". The table below lists the best life insurance policy in India.

S.no.Company namePlan NamePlan typeMax. Sum Assured
01HDFC Life InsuranceClick 2 Protect LifeTerm InsuranceNo Limit
02Axis Max Life insuranceSmart Secure PlusTerm Insurance1Cr
03ICICI Pru Life InsuranceiProtect SmartTerm InsuranceNo Limit
04Bajaj Allianz Life InsuranceSmart Protect GoalTerm Insurance1Cr
05Edelweiss Tokio Life InsuranceSimply ProtectTerm InsuranceNo Limit

*Disclaimer: We RenewBuy does not endorse any specific insurance company or insurance product offered by any insurer and this list is just an illustration of the plan offered by different life insurance companies

Insurance Companies offered Life Insurance Plans

There are 24 life insurance companies that offer life insurance plans in India, and each company has its own features and benefits. We have listed all 24 life insurance companies along with their claim settlement ratio and solvency ratio in the table below:

S.no.Company nameIndividual Claim Settlement RatioSolvency Ratio
01Life Insurance Corporation of India (LIC)98.741.79
02HDFC Life Insurance98.661.89
03SBI Life Insurance97.052.10
04ICICI Prudential Life Insurance97.822
05Axis Max Life Insurance99.65 (2023-24)1.72 (2023-24)
06Bajaj Allianz Life Insurance99.026.14
07Kotak Mahindra Life Insurance98.822.64
08Aditya Birla Sunlife Insurance98.071.88
09Tata AIA Life Insurance98.531.89
10India First Life Insurance96.921.65
11PNB Met Life Insurance97.331.87
12Canara HSBC OBC98.442.79
13Reliance Nippon Life Insurance98.672.33
14Exide Life Insurance99.092.11
15Bharti AXA Life Insurance99.091.72
16Star Union Dai-Ichi Life Insurance97.421.93
17Future Generali Life Insurance96.151.67
18Shriram Life Insurance82.392.15
19Ageas Federal Life Insurance97.033.09
20Pramerica Life Insurance98.303.99
21Aviva Life Insurance98.392.14
22Bandhan Life Insurance99.663.33
23Sahara Life Insurance97.088.77
24Edelweiss Tokio Life Insurance98.091.97

*Disclaimer: We RenewBuy does not endorse any specific insurance company or insurance product offered by any insurer and this list is just an illustration of the plan offered by different life insurance companies

How to choose the best Life Insurance Policy?

With so many life insurance plans in the market, choosing the best life insurance policy in India can be very difficult. Everyone needs to know that based on what factors you should measure the life insurance policies available in India. We “RenewBuy” has made a list of a few pointers that will help you choose the best life insurance policy in India.

Assess your life goals
First of all, you need to do a self-evaluation by calculating your income and liabilities and determining your future goals. Since the circumstances are not pre-defined, hence set your life goals and plan best to attain them with security.
Choose the policy with the right coverage
In the list of life insurance policies, you can select the most appropriate policy that meets your future goals and present capabilities.
Sum Assured Amount
Check the sum assured amount offered under the life plan. Always go for a plan that offers a high and more sum assured option.
Prefer High Claim Settlement Ratio
First of all, you should check the claim settlement ratio of the insurance company. Life insurance companies with a high claim ratio will be the best to settle your claims when the time comes.
Customer Reviews
Customer reviews are the best ways to pick your life insurance plan. These reviews are posted by people who have the experience of how good is the particular plan.
Compare plans
Compare the different life insurance plans based on their coverage benefits. Life insurance companies have revolutionized their policies and are offering value-added features that enhance the benefits of the policy. Check for these value-added benefits so that you can choose the best life insurance plan for yourself.
What are the Life Insurance Riders & Its Benefits?

Life insurance riders are additional riders that enhance the basic coverage benefits offered under the base policy. There are different types of riders offered by life insurance companies, and each rider comes at an additional premium rate. You can choose to add the desired riders by paying an additional premium and making your coverage comprehensive. Some of the most common riders available with life insurance plans are as follows -

Ride NameCoverage Offered
Accidental Death Benefit RiderThe nominee will receive the sum assured amount along with some additional benefits by the life insurance company if the life assured dies in an accident.
Accidental Total and Permanent Disability RiderIn case of total or permanent disability due to an accident, all future premiums are waived off, and the insurance company pays some predefined amount to the policyholder.
Critical illness RiderThis rider covers specific critical illnesses. If the assured suffers from any of the critical illnesses listed in the policy document, then the insurance company pays a predefined sum amount to the policyholder and allows the policyholder to take the treatment without worrying about the finances.
Term RiderThis rider offers monthly income to the nominee on the death of the life assured.
Waiver of Premium RiderThis rider waives off the future premiums if the insured suffers permanent disablement due to an accident.
Surgical RiderThis rider pays the hospital expenses of the policyholder, if they undergo an avoidable surgery in India

*Disclaimer: We RenewBuy does not endorse any specific insurance company or insurance product offered by any insurer and this list is just an illustration of the plan offered by different life insurance companies

Factors Affecting Life Insurance Premium

We have mentioned in the table below the factors that are considered by the life insurance company in India and that affect the life insurance premium:

FactorsHow They Affect Life Insurance Premiums
AgeThe older you are the higher would be the premium
GenderThere are sufficient research and evidence that proves that a female, on average, lives five years longer than a male. This ultimately affects the time period of the policy and lowers the premiums.
Sum AssuredThe higher the sum assured you choose the higher would be the premium
Type of policyThe premium amount is different for the different types of life insurance plans.
Coverage benefitsThe coverage benefits of a policy also change the premium. If the policy has inbuilt and comprehensive coverage benefits, then the premium of the policy will be a bit high.
Height and WeightYour height and weight determine your BMI. If your BMI is higher or lower than the ideal, then you have to pay a high premium.
Medical HistoryIf you have any existing medical complications or illnesses, then your premium might increase.
Family HistoryIf you have a family history of illnesses or diseases, the premium might rise because such illnesses or diseases might be genetic and increase your mortality risk.
OccupationIf you are engaged in a dangerous occupation, the premium would be high. For example, people in the defence forces, police, pilots, etc. are charged higher premiums.
LocationIf you live in an area that is prone to natural disasters, the premium would be high.
Lifestyle habitsPremiums are higher for individuals who smoke and/or consume alcohol and other intoxicating substances.
Riders selectedLife insurance plans to allow optional coverage benefits called riders. Each rider incurs an additional premium and so if you opt for any rider, the premium will increase.
Policy DiscountsLife insurance plans also allow premium discounts for different reasons. If you qualify for the discounts, the premium will be reduced.

*Disclaimer: We RenewBuy does not endorse any specific insurance company or insurance product offered by any insurer and this list is just an illustration of the plan offered by different life insurance companies

How to Save on Life Insurance Premium?

Saving on life insurance premiums can be beneficial for your overall financial planning. Remember, while saving on life insurance premiums, balancing affordability and adequate coverage is important to keep your loved ones financially secure. Here are some strategies to consider:

Compare Quotes

Compare quotes of different life insurance plans from different life insurance companies. Each company may have different rates, so you should explore your options and choose the one that offers the most affordable premiums for the coverage you need.

Choose Term Life Insurance

Term life insurance is more affordable than whole life or universal life insurance. It covers a specific term, such as 10, 20, or 30 years. Consider your needs and opt for term life insurance if it suits your circumstances.

Assess Your Coverage Needs

Evaluate the amount of coverage that you require. Opting for excessive coverage can lead to higher premiums. Determine your financial obligations, such as outstanding debts, mortgage, education expenses, and future income replacement, to arrive at an appropriate coverage amount.

Choose a Level-Term Policy

A level-term policy guarantees that your premiums remain the same throughout the policy term. This approach can help you avoid premium increases that may occur with policies that have adjustable premiums.

Consider Bundling Policies

Some insurance companies offer discounts if you bundle different policies together. For example, you could combine your life and auto insurance and receive a reduced policy premium.

Improve Your Credit Score

A good credit score can positively influence your life insurance premiums. Pay your bills on time, maintain a healthy debt ratio and maintain a healthy credit history to potentially access lower rates.

Assess Your Coverage Needs

Evaluate the amount of coverage you require carefully. Opting for excessive coverage can lead to higher premiums. Determine your financial obligations, such as outstanding debts, mortgage, education expenses, and future income replacement, to arrive at an appropriate coverage amount.

Maintain a Healthy Lifestyle

Life insurance premiums are often based on your health and lifestyle factors. Maintaining a healthy lifestyle by exercising regularly, eating nutritious food, avoiding smoking or tobacco products, and moderating alcohol consumption can positively impact your premiums.

Start Early

Life insurance premiums increase as you age, so securing coverage as early as possible is wise. Locking in a policy at a younger age can help you access lower premiums.

Improve Your Credit Score

A good credit score can positively influence your life insurance premiums. Pay your bills on time, reduce your debt, and maintain a healthy credit history to potentially access lower rates.

Review and Update your Policy

Regularly review your life insurance policy to ensure it aligns with your current needs. Life changes, such as getting married, having children, or paying off debts, may warrant adjustments to your coverage. By keeping your policy up to date, you can avoid paying for unnecessary coverage.

Work with an Independent Agent

Consider consulting with an independent insurance agent who can help you navigate various insurance options. They can provide objective advice and assist you in finding the most cost-effective policy that suits your requirements.

*Disclaimer: We RenewBuy does not endorse any specific insurance company or insurance product offered by any insurer and this list is just an illustration of the plan offered by different health insurance companies

Why Buy Life Insurance Policy From RenewBuy?

Besides the existence of multiple insurance providers in India, our valued consumers trust RenewBuy to buy life insurance policies for our simplified and exclusive offers available. We not only offer the best policy but makes you able to take the best decisions that complement your future goals and shield your family with financial security and stability. We are there to advise you at the time of clarifying the complicated terms and conditions and easing your claim process at your stiff times.

How to Buy Life Insurance Policy From RenewBuy?

RenewBuy provides a quick and trusted platform where customers can compare and buy the best life insurance policy for themselves. Below mentioned are the steps to buying the best life insurance plan:

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Visit our website and click on the “Life Insurance” tab from the header menu.

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Then, click on the “View Plans” button.

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Enter the required information.

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Compare and pick the best premium plans from the list provided.

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Once the payment is made, you will get your policy documents on your registered email ID.

To make the life insurance buying process more convenient, connect with one of our RenewBuy POSP advisors and buy the best-suited life insurance plan as per your needs.

Documents required to Buy Life insurance Policy

The following are the required documents you need to submit to buy the best life insurance plans in India:

ID Proof
ID Proof

Voter ID, Driving License, PAN Card, Passport, or Aadhar Card.

Age Proof
Age Proof

10th or 12th mark sheet, Driving License, Passport, Birth Certificate, Voter ID, etc.

Address Proof
Address Proof

Telephone Bill, Ration Card, Electricity Bill, Driving License, and Passport.

Income Proof
Income Proof

Form 16, ITR (2-3 years), salary slips for the last 3 to 6 months, etc.

Life Insurance Claim Process

Life Insurance claim process is classified into two categories i.e. death claim process, and the maturity claim process. Let's discuss both the process in detail.

Death Claim Process

check iconNominee should intimate the Life Insurance Company with all the required detail such as cause of death, time, and place.

check iconSubmit all the needful documents such as the death certificate, and claim form.

check iconSubmit the hospital, post-mortem, and doctor’s report.

check iconOnce the insurance company completes its investigation, the insurer will settle the claim within 30 days of the documents being submitted by the insurer.

Maturity Claim Process

If the policyholder survives the policy term, then the insured is eligible to get benefits of maturity benefits. Below mentioned are the steps to file a maturity claim:

check iconThe life insurance company will send a discharge voucher to the policyholder.

check iconThe insured has to sign the voucher along with the original policy bond and send it back to the insurance company.

check iconThe life insurance company will settle the claim and the claim amount will be sent to the assignee required documents.

Our Insurance Partners

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Bajaj Allianz
Aditya Birla
HDFC Ergo
ICICI Lombard
Liberty
Reliance General
SBI General
Care Health
Axis Max Life
Royal Sundaram

Frequently Asked Question (FAQ’s)

How do I decide on the amount of life insurance I need?

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What is the average monthly cost of life insurance?

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Can I buy life insurance without buying a base policy?

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How much time does it require to get the amount after the claim is processed?

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What do you mean by life insurance?

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What are the 4 types of insurance?

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What is life insurance and its benefits?

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How do you qualify for Life Insurance?

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What does a typical life insurance policy offer?

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At what age should you buy life insurance?

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How much does a life insurance policy cost?

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Who can claim life insurance after death?

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What coverage amount is sufficient for a Life Insurance Policy?

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Do I get money if I outlive my policy?

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What is cash value in a life insurance policy?

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What is the maximum amount of life insurance coverage that I can get?

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If the policyholder passes away, who gets the money from the policy?

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What happens if I do not pay the premium?

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What happens if my nominee dies before me?

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Can I buy multiple Life Insurance policies?

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Is there any maximum age to buy life insurance?

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Does a policyholder get the life insurance benefit if he/she commits suicide?

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Is there any grace period under life insurance?

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What is term life insurance?

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Is life insurance premium tax deductible?

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Does life insurance cover accidental death?

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What happens if both the policyholder and nominee of life insurance die?

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Is buying life insurance online safe?

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What's the difference between whole life and term life insurance?

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Does smoking affect life insurance premiums or purchases?

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Can I change the nominee in my life insurance policy?

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