What is Term Insurance?
Term insurance is a type of life insurance that provides financial coverage for a specified period (term). If the policyholder passes away during the policy term, the nominee receives a lump sum payout as a death benefit. Unlike traditional life insurance policies, term insurance does not offer any maturity benefit if the policyholder survives the term.
This makes term insurance one of the most affordable life insurance options, allowing individuals to get a high coverage amount at a low premium cost. The primary goal of term insurance is to ensure that your family members are not burdened with financial difficulties in case of an unfortunate event.
Why Choose Term Insurance?
Term insurance provides financial security for your family with high coverage at affordable premiums, ensuring peace of mind.
Financial Security for Your Family
Your family’s well-being should never be at risk. In case of an unfortunate event, term insurance provides a lump sum payout that helps them manage daily expenses, children’s education, loan repayments, and other financial commitments.
Features of Term Insurance
Term insurance offers high coverage, affordable premiums, and financial security for your loved ones.
Affordable Premiums
Term insurance plans offer large coverage at a lower cost, making it an affordable option for individuals at every income level.
Flexible Policy Term
You can select a policy term based on your needs ranging from 10 to 40 years or even till 99 years of age (whole life coverage).
Multiple Payout Options
Nominees can receive the death benefit in different ways: lump sum, monthly income, or a combination of both.
Easy Online Process
Applying for term insurance is quick and hassle-free with minimal paperwork and instant policy issuance.
Riders for Extra Protection
Enhance your coverage with additional benefits like critical illness cover, disability cover, waiver of premium, and accidental death benefit.
Benefits of Term Insurance
Investing in a term insurance plan offers multiple benefits for policyholders and their families.
Your family receives a predefined sum assured in case of your untimely demise, helping them stay financially stable.
Term insurance can help your family clear outstanding home loans, personal loans, or other debts, ensuring they are not burdened with liabilities.
Education costs are rising. A term insurance payout can support your child’s higher education and career dreams without financial struggles.
If you are the sole breadwinner, term insurance ensures your family continues to receive regular financial support.
Enjoy tax benefits under Sections 80C and 10(10D), making term insurance a smart investment for financial planning.
Why Choose Zenisk Insurance?
Zenisk Insurance provides reliable coverage, tailored plans, and expert support for your peace of mind.
