Term insurance is the simplest and most affordable form of life insurance
Term plans provide peace of mind to you by ensuring that your family is financially secure and independent, in your absence. If you are the person insured, you pay a specific premium amount at fixed intervals during the policy term. In the event of your unfortunate demise during the policy term, your nominees will receive the ‘Sum Assured’ which you had selected while purchasing the plan.
Term insurance is a form of life Insurance that is active for a fixed period of time (popularly referred to as the term). These plans are easy to understand and provide financial protection that your family will need if you are no longer around.
New age Insurance companies like ICICI PRU , Tata AIA & HDFC LIFE provide term life Insurance till age 99 .
ICICI Pru life also provides additional protection through optional benefits like Critical Illness Cover and Accidental Death Cover.