Life Protection - Term Life Insurance Plans:

 

In an increasingly uncertain world, it is our top priority to ensure that our family continues to enjoy financial security and a comfortable lifestyle even in our absence. Ishan Insurance  brings you term life insurance plans that are a simple and economic way of achieving this objective irrespective of what the future has in store for you

Ishan Insurance Protection Solutions are term insurance plans that help you meet your need of financial security for your loved ones. We provide your life cover based on your requirements and that too, at a reasonable premium. To calculate the appropriate life cover  for you and to buy a plan.

 

Term Insurance plans or protection plans are the simplest form of life insurance providing coverage for a defined period of time, at a fixed rate of payment. If the insured expires during the relevant term, the death benefit is payable to the nominee, who is typically a family member. However, in case of survival, the coverage at the earlier rate of premiums is not guaranteed after the expiry of the policy. The customer has to either obtain extended coverage with different payment conditions or forgo coverage entirely.

 

Why Term Insurance

• Get lumpsum amount in the event sudden death

• See off all your loans and liabilities

• Provide money so that your family continues to live with pride

• Term Insurance also takes care of family in case of your disability or critical illness:

• Provides supplementary income in case of loss of income due to accidental disability or illness

• Get lump sum amount if diagnosed with critical illness

• Additional sum insured in case of accidental death

 

 

The key features of term insurance plans are:

• Policy Term: The minimum policy term is 5 years, with the maximum varying from 25 years to whole life span for equated monthly premium payments. For single premium payment policies, the policy term is 5 to 15 years.

• Plan Choice: Term insurance provides flexibility in terms of choosing the plan on single life basis or joint life basis.

• Entry Age: To be eligible for term insurance plans, the minimum age of entry is 18 years, with a maximum age limit of 65 years with optional add on benefits.

• Death Benefits: On death of life assured during the term of the plan, the nominee or assignee, in case where the policy has been assigned to someone else, will receive the total/ assigned death benefit chosen at the time of commencement.

• Maturity Benefits: Term insurance plans don't come with any survival or maturity benefits.

• Additional Optional Benefits: Additional optional benefits such as critical illness and accidental death/ disability or Accelerated Sum Assured are also available.

 

Term insurance plans are the least expensive ways of buying substantial life cover a particular period of time. Unlike other life insurance plans insurance does not have any investment component or cash build up value. It only extends guaranteed level of premiums and a specific amount of coverage for a specific for a specific period of time.

 

We help you decide on cover for Term plan based on your Annual Income, No. of Dependents, Savings and Liabilities. We will provide you the quotes depending on your requirements and after taking into account performance of insurance company and its potential to service you, We will advice you with the most competative quotes from more than one insurance companies to have informat judgement and decision.