Term Insurance

Module 03 | Chapter: 01

What is Term Insurance?

Term insurance is simply a plan that will pay a fixed sum of money to your family, in case you die while the policy is active.

Module 03 | Chapter: 02

When To Buy Term Plan?

Now that you know the importance of a term insurance policy, the immediate next question you may have is when should you buy this policy?

Module 03 | Chapter: 03

Why Should You Buy Term Plan?

The world we live in today is full of uncertainties, making term insurance more important than ever. If there is anything we have learned in these two years of pandemic

Module 03 | Chapter: 04

Who Should Buy Term Insurance?

Buying insurance is a crucial decision. But, you need to ask yourself a few questions and evaluate whether and when you need the policy - since you won’t be there to receive the cover amount.

Module 03 | Chapter: 05

Where to Buy Term Insurance From?

Some lessons are learned the hard way. This should not be the case with your term insurance policy.

Module 03 | Chapter: 06

How to Buy Term Plan?

Term insurance is the simplest and the most cost-effective type of life insurance there is.

Module 03 | Chapter: 07

How Much Cover Do I Need?

Let’s look at an example. Manish lives in Mumbai with his spouse, kids, and parents. His spouse is a homemaker and his kids are in middle school.

Module 03 | Chapter: 08

Saral Jeevan Bima?

Term Plans have always been available in the market, with multiple options to customise. These plans have restrictions around educational qualifications, income, geographic location.

Module 03 | Chapter: 09

Term Insurance Riders?

Riders are ready-made extensions on your base term insurance plan that you can purchase at a certain additional cost.

Module 03 | Chapter: 10

Exclusions in Term Insurance?

All term insurance plans cover health-related or natural deaths that are a result of a disease or medical condition.

Module 03 | Chapter: 11

Term Insurance Claims Process?

The first and most important step in the claim process is informing the insurance company about the claim.

Module 03 | Chapter: 12

Customization in Term Plans?

Let’s imagine a scenario where you and your friend are planning vacation to Goa. It will be completely customized to where you want to go

Module 03 | Chapter: 13

Benefits of buying Term Insurance

Every time you want to buy something, you sit down with it to check its benefits and see if they align with your particular needs.

Module 03 | Chapter: 14

Decreasing Term Insurance

Everyone has different reasons for buying term insurance. Some buy it so that their loved ones don’t give up on their dreams in their absence.

Module 03 | Chapter: 15

Group Term Insurance

A lot of companies, banks, and other institutions offer group term insurance plans to their employees, customers.

Module 03 | Chapter: 16

Married Women’s Property Act

You buy a term insurance plan so that your family remains financially protected in your absence. You don’t want them to be left with insufficient funds to maintain their lifestyle or compromise on their dreams

Module 03 | Chapter: 17

Claim payout options

With term insurance, you can buy a cover large enough to ensure that your family can continue with their current lifestyle - without disruptions.

Module 03 | Chapter: 18

Eligibility Requirements

While term insurance plans offer an excellent deal giving high coverage at extremely low premiums, there is a catch you must be aware of. it is designed only for a certain set or category of individuals.

Module 03 | Chapter: 19

How Does It Work

Term insurance is one of the most crucial investments you will make for your family’s financial protection. And, given the long-term impact it has on your family’s financial stability, it is important that you understand how it works.

Module 03 | Chapter: 20

Increasing Cover

You buy a term insurance policy after making a detailed calculation of the amount of money your family will need. The cover is also restricted to your income at the time of buying the policy.

Module 03 | Chapter: 21

Life Stage Benefit

Term insurance is one of the best ways to ensure your family will have financial protection should something happen to you. It will pay a fixed sum of money to your family if you pass away while the policy is active. Your family can use this money to cover their expenditures.

Module 03 | Chapter: 22

Things To Keep In Mind IG

Suppose you want to buy a new PC. You don’t just go to any computer dealer and buy the first one you see, do you? You take your time, read the specifications, look at the screen size, storage capacity, build quality, etc. The features you look for change with your needs.

Module 03 | Chapter: 23

Types of Term Insurance Plans

Term insurance policies come in a lot of variants. And, each of these variants is unique, has its own set of features, and is designed to meet your specific needs. In this article, let’s take a look at some common types of term insurance policies available in the market.

Module 03 | Chapter: 24

Whole Life Term Insurance

A pure term insurance policy will offer a payout only if you pass away while the policy is active. If you outlive the term - you don’t get anything back. If you’re someone who is not happy with such a proposition or if you don’t want to make an investment that doesn’t pay anything back, you can consider buying a Whole Life Term Insurance Plan.

Module 03 | Chapter: 25

Term Insurance Tax Benefits*

In life's unpredictable journey, securing your family's future is crucial. Term insurance stands as a pillar of protection and ensures that your loved ones are shielded from financial uncertainties in your absence.