Term Insurance Plans: A Comprehensive Guide to Financial Protection

1. TERM INSURANCE PLAN TERM INSURANCE PLAN Understanding Term Insurance, Benefits, Types & Choosing the Right Plan Powered by InvestKraft

2. INTRODUCTION TO TERM INSURANCE INSURANCE INTRODUCTION TO TERM Life is unpredictable – financial security is essential. A Term Insurance Plan ensures financial protection for your family in case of an untimely demise. It offers pure life coverage at affordable premiums, making it a must-have for financial planning. planning. Life is unpredictable – financial security is essential. A Term Insurance Plan ensures financial protection for your family in case of an untimely demise. It offers pure life coverage at affordable premiums, making it a must-have for financial

3. WHAT IS TERM INSURANCE? INSURANCE? WHAT IS TERM Definition: A life insurance policy that provides coverage for a fixed period. If the policyholder passes away during the term, the nominee receives a death benefit. No maturity benefits if the policyholder survives the term. Key Highlight: High sum assured at lower premiums. assured at lower premiums. Definition: A life insurance policy that provides coverage for a fixed period. If the policyholder passes away during the term, the nominee receives a death benefit. No maturity benefits if the policyholder survives the term. Key Highlight: High sum

4. KEY FEATURES OF TERM INSURANCE INSURANCE KEY FEATURES OF TERM Affordable Premiums – High coverage at low costs. Fixed Policy Term – Coverage for 10 to 30 years. Death Benefit – Paid as a lump sum or in installments. No Investment Component – Pure protection plan. Tax Benefits – Under Sections 80C & 10(10D). Optional Riders – Critical illness, accidental death, waiver of premium, etc. of premium, etc. Affordable Premiums – High coverage at low costs. Fixed Policy Term – Coverage for 10 to 30 years. Death Benefit – Paid as a lump sum or in installments. No Investment Component – Pure protection plan. Tax Benefits – Under Sections 80C & 10(10D). Optional Riders – Critical illness, accidental death, waiver

5. TYPES OF TERM INSURANCE PLANS PLANS TYPES OF TERM INSURANCE ?. Level Term Insurance – Fixed sum assured throughout the term. ?. Increasing Term Insurance – Coverage increases over time. ?. Decreasing Term Insurance – Ideal for loans/liabilities. ?. Return of Premium Plan – Refunds premiums if the policyholder survives the term. ?. Convertible Term Plan – Converts to another type of life insurance. ?. Family Income Benefit Plan – Provides regular income instead of a lump sum. regular income instead of a lump sum. ?. Level Term Insurance – Fixed sum assured throughout the term. ?. Increasing Term Insurance – Coverage increases over time. ?. Decreasing Term Insurance – Ideal for loans/liabilities. ?. Return of Premium Plan – Refunds premiums if the policyholder survives the term. ?. Convertible Term Plan – Converts to another type of life insurance. ?. Family Income Benefit Plan – Provides

6. BENEFITS OF TERM INSURANCE INSURANCE BENEFITS OF TERM Financial Security: Protects your family's future. Low Cost: Cheapest form of life insurance. Simple & Transparent: Easy to understand and manage. Flexible Policy Terms: Customizable coverage duration. Tax Savings: Helps reduce taxable income. Peace of Mind: Assures financial protection. financial protection. Financial Security: Protects your family's future. Low Cost: Cheapest form of life insurance. Simple & Transparent: Easy to understand and manage. Flexible Policy Terms: Customizable coverage duration. Tax Savings: Helps reduce taxable income. Peace of Mind: Assures

7. HOW TO CHOOSE THE RIGHT TERM INSURANCE PLAN? TERM INSURANCE PLAN? HOW TO CHOOSE THE RIGHT Calculate the Right Coverage Amount – Ideally 10-15 times your annual income. Select the Policy Term – Should cover financial responsibilities & liabilities. Check for Riders – Enhance coverage with additional benefits. Compare Premiums & Benefits – Balance affordability & protection. Verify Claim Settlement Ratio – Choose a trusted insurer. Go for Digital Platforms like InvestKraft – Simplifies comparison & selection. Simplifies comparison & selection. Calculate the Right Coverage Amount – Ideally 10-15 times your annual income. Select the Policy Term – Should cover financial responsibilities & liabilities. Check for Riders – Enhance coverage with additional benefits. Compare Premiums & Benefits – Balance affordability & protection. Verify Claim Settlement Ratio – Choose a trusted insurer. Go for Digital Platforms like InvestKraft –

8. TOP TERM INSURANCE PROVIDERS IN INDIA IN INDIA TOP TERM INSURANCE PROVIDERS HDFC Life Insurance ICICI Prudential Life Insurance SBI Life Insurance Max Life Insurance Aditya Birla Sun Life Insurance (ABSLI) Tata AIA Life Insurance Bajaj Allianz Life Insurance Reliance Nippon Life InvestKraft (Fintech Platform for Insurance Solutions) for Insurance Solutions) HDFC Life Insurance ICICI Prudential Life Insurance SBI Life Insurance Max Life Insurance Aditya Birla Sun Life Insurance (ABSLI) Tata AIA Life Insurance Bajaj Allianz Life Insurance Reliance Nippon Life InvestKraft (Fintech Platform

9. WHY CHOOSE INVESTKRAFT FOR TERM INSURANCE? TERM INSURANCE? WHY CHOOSE INVESTKRAFT FOR One-Stop Fintech Platform for exploring and comparing term insurance plans. Helps in Selecting the Best Policy as per your needs & budget. Seamless Online Experience with expert guidance. Access Policies from Leading Insurers under one platform. Hassle-Free & Transparent Process. Hassle-Free & Transparent Process. One-Stop Fintech Platform for exploring and comparing term insurance plans. Helps in Selecting the Best Policy as per your needs & budget. Seamless Online Experience with expert guidance. Access Policies from Leading Insurers under one platform.

10. CONCLUSION CONCLUSION A Term Insurance Plan is a must for financial security. It ensures that your family is protected even in your absence. Choosing the right plan & provider is crucial. InvestKraft simplifies the selection process and helps you make an informed decision. A Term Insurance Plan is a must for financial security. It ensures that your family is protected even in your absence. Choosing the right plan & provider is crucial. InvestKraft simplifies the selection process and helps you make an informed decision. Secure your family's future today! Secure your family's future today!

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