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plans with ₹1 Lakh cover at ₹55/month*
Unauthorized Online Transactions
Individual or Family cover
Email Spoofing
Identity Theft
Cyber Stalking
Legal Expenses
Cyber Extortion
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What is cyber-crime insurance?
Ever since the imposition of lockdown, the meaning of the internet has changed for all of us. The early morning board room meetings turned into chai-sipping zoom sessions. The yoga classes were replaced by time screens on a daily messaging app and restaurants are now confined to cloud kitchen food ordering applications. Our online footprint is growing at an exponential pace, making us more vulnerable to cyber-attacks, identity theft, card frauds, phishing scams, email spoofing, cyber-stalking and virus infection. If you have a life-insurance cover, it is imperative that you have a cover for a medium where you spend your life. Cyber-crime insurance offers just that solution, to modern day professionals who are always online. Insurance against cyber-crime offers a shield and a safety net to various dangers lurking online.
Benefits of a cyber-crime insurance
  • 1. Protection in case of Data Breach There are various recuperative costs associated with a data breach. Including but not limited to resetting a security infrastructure, adding additional layers of security/encryption, protection from legal action upon leakage from sensitive data, protecting the identities of the persons adversely affected by the breach and protecting their sensitive data from being misused. (Identity theft, damage to E-reputation, Cyber-bullying)
  • 2. Business Loss Considering the dependency on the internet for any business these days, a cyber-attack in any form is detrimental and can bring the business infrastructure down. This insurance will protect you against such an exigency and will remedy the business loss suffered due to such a scenario(E-extortion)
  • 3. Legal Cost The legal procedures of prosecuting criminal cases can be tedious and financially draining, however once you are covered by this insurance, you can rest assured that all your legal costs will be covered, and you will get the best possible legal support and remedy.

    Thus, it is explicitly clear that cyber fraud insurance is an essential part of an insurance portfolio of everyone today. It is as important as more generic kinds of insurance.

    There are various additional options that one can opt for adding their family members, counselling services, IT consultation services within the coverage umbrella for insurance against cyber-crime. These additional protections and features are available at a reasonable amount as an extension to the main insurance policy.
  • 4. Defending against phishing & cyber extortion Modern hackers aim to attack business infrastructure by installing ransomware in them and taking them over. They do not relieve the infrastructure and data without payment of ransom fees, much akin to kidnapping and trespass in real life (Unauthorized online transactions, Phishing, email spoofing)
Who needs cyber-crime insurance?
Today, everything from the purchases you make from a vegetable vendor to negotiating multimillion dollar deals, is online. The advent of payment applications and digitisation of work culture has facilitated the shift from offline to online in all aspects. We make digital payments for our purchases, get wire transfers of our salaries, buy insurance online while scrolling social media. The Internet has taken over the life of everyone, a common man, a salaried man, and a businessman. Thus, it is pertinent that everyone takes insurance protection that will protect their online activities. Various industries have moved fully online, others are in the process of digitising their operations. When it comes to cyber-crime insurance policies, employees from various business and industry verticals buy the cyber-crime insurance policy, and these include are not not limited to
Power & Energy
Government agencies
Cloud kitchens
Education services
Financial services
Travel and tourism
Why Elephant insurance? is India’s first insurtech and consultancy platform for corporate employees. It is a modern-day insurance start-up, which takes away the cumbersome procedures of documentation and rounds to the insurance offices. All the procedures are online and seamless. Elephant insurance offers the best coverage plans at competitive rates compared to its industry peers. When you buy a policy from us, we provide a guarantee of clearing your claims within a stipulated time frame. So leave your insurance worries to us, while you surf the internet knowing that we have your back.
What Cyber Insurance plan does not cover:
  • Any illegal or malicious activity and any expected gain thereof
  • Loss of value, accessibility of cryptocurrency
  • Bodily or property damage
  • Infringement of IPR
  • Any dishonest or immoral conduct
  • War or terrorism
  • Losses or costs incurred before the policy was bought
  • Consequences of change in National cyber policy
  • Any act of God or Force Majure
Help Section/FAQ:

Just like the internet opens up various avenues and possibilities, it also makes the user vulnerable to various cyber-attacks. Users can be attacked in various ways, including but not limited to:
  • Identity theft
  • Social media impersonation
  • Cyber stalking
  • IT theft
  • Malware
  • Ransomware
  • Phishing
  • Email Spoofing
  • Cyber extortion
  • Data Privacy Breach
  • Media Liability
  • Hacking
These are not an exhaustive list of threats prevalent in the cyber domain currently. There are various other threats that an internet user can be a victim of.

Plans vary in nature and value. There are 2 kinds of plans so far as nature is concerned, first party and third-party having differential coverage. The most glaring difference between both these kinds is with the party who will be filing the claim. Whereas, in a first-party claim, the policy holder is the claimant whereas in third-party claims, the primary claimant ought to be a third party. Whereas there are plans differing from the amount of sum assured varying from Rs. 1 Lakh to Rs. 1 Cr.

Every Indian Citizen, above the age of 18 can purchase a cover, it is easier for you to be protected from cyber threats than to obtain a driving licence.

We are the cool obedient kids on the block, we process claims well within the IRDAI guidelines. So, you have nothing to worry about.

As mentioned hereinabove, cyber-attacks come in various shapes and sizes, an anti-virus essentially works like a vaccine for your computer, despite installing it on the computer you are not 100 % secure from Virus, leave aside various other forms of attack. On the other hand, Cyber fraud insurance provides a comprehensive coverage and monetary remedy for these various attacks.
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    Published on: 31st May 2023
    7 Must-Have Car Insurance Add-ons

    Picture this – you’re driving during the monsoon season, and suddenly, your car gets flooded, leaving you stranded with costly repairs. You find out that your regular insurance policy doesn’t cover such unforeseen events, which can cause significant financial losses.

    But fear not! That’s where add-on covers come to the rescue. These add-ons, also called riders or extensions, fill the gaps left by a standard car insurance policy. They offer you extra protection and peace of mind in situations like the one described above.

    In this blog, we will delve into the growing importance of add-on covers in car insurance policies in India, exploring key options that can enhance your coverage, ensuring you’re well-protected on the road.

    7 Must-Have Add-ons in India

    Aside from the numerous add-ons available on the market, here are the top 7 must-have riders with your basic car insurance.

    1. Zero Depreciation

    Zero Depreciation cover ensures that you receive the full claim amount without accounting for depreciation during repairs or replacements of car parts. With this add-on, you can avoid hefty out-of-pocket expenses and enjoy comprehensive coverage for repairs or replacements, maximizing the benefit of your car insurance policy.

    2. Roadside Assistance

    Roadside Assistance is a valuable add-on that offers support in unexpected situations such as breakdowns, flat tires, or accidents. The best part is that it provides round-the-clock assistance without affecting your No Claim Bonus. Whether you need a tow truck, fuel refill, or emergency locksmith, this cover provides round-the-clock assistance, ensuring you are not stranded on the road and helping you resume your journey without any hassle.

    3. Engine Protector

    The Engine Protector add-on cover safeguards your vehicle’s engine against damage caused by water ingression or hydrostatic lock. With the increasing instances of flooding during monsoons in many parts of India, this cover becomes particularly crucial, as it protects you from costly repairs or replacements of your car’s engine components.

    4. NCB Protection

    No Claim Bonus (NCB) Protection add-on allows you to preserve your hard-earned NCB discount even after filing a claim. Usually, a single claim can lead to the reduction of your NCB, resulting in higher premiums. With this cover, you can maintain your NCB benefits, ensuring future savings on your car insurance premiums.

    5. Key Replacement

    Losing or damaging your car keys can be a stressful experience. The Key Replacement add-on cover provides financial assistance for the replacement or repair of lost or damaged keys, including locksmith charges. It saves you from the inconvenience and expenses associated with replacing modern car keys that are often expensive to replace.

    6. Loss of Personal Belongings

    The Loss of Personal Belongings add-on cover compensates you for the loss or damage of personal items within your insured car due to theft or an accident. This cover offers reimbursement for items such as laptops, smartphones, or other valuable possessions, providing additional financial protection beyond the scope of a standard policy.

    7. Return to Invoice (RTI)

    The RTI (Return to Invoice) add-on cover is highly recommended and incredibly beneficial. It ensures that you receive compensation equal to the original value of your car when you first purchased it. This claim applies in situations where your car is stolen or constructive total loss, wherein, the surveyor declares that the repair cost of the vehicle exceeds 75% of the IDV (Insured’s Declared Value) of your vehicle.

    Imagine the unfortunate scenario where your car is stolen, and despite police efforts, it cannot be recovered. This situation can be incredibly challenging for you. However, with the RTI Cover, you can find solace. It guarantees that you will receive the full invoice amount as compensation, providing you with valuable financial support during such difficult times.


    In today’s world, the dangers on Indian roads are always changing, and unexpected events like floods can occur. That’s why it’s crucial not to overlook the significance of additional insurance coverage. By adding these extra coverages, you can strengthen your insurance policy and have greater protection and peace of mind. At, you can explore a wide range of additional covers that are available. They offer many other add-ons and comprehensive solutions to meet your specific insurance requirements. Feel free to visit, today!

    Right insurance, best price, every time. It’s a promise!


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    Published on: 15th Mar 2023
    Why Corporate Employees Must Purchase Insurance from is India’s first Insurtech consulting platform offering a one-stop solution for all the personal insurance needs of corporate employees.

    Employees often seek various insurance plans to strengthen their financial capability and secure their future. By empowering them with Corporate Superpower, we offer various coverages to keep their present and future financially secured.

    Powered by Alliance Insurance Brokers Pvt. Ltd., India’s leading insurance brokers, nothing but only the best insurance plans at the best price are provided.

    A Sneak Peek of Benefits Offered by

    When employees use their Work Email ID, they get access to following benefits at

    #1. Corporate Superpower

    Corporate employees deserve the right to feel taken care of and that’s exactly what is done. They are guarded with superpowers that allow them to get the best insurance policy at economical prices and top-notch service.

    #2. Handpicked Insurers

    Packed with carefully chosen insurance companies, employees can rest assured about being helped with the best plans in line with – their requirements and paying capability, along with the best customer service.

    #3. Instant Policy

    Get over those traditional physical policies that were time-consuming, lengthy and extremely annoying. As soon as the payment is made, employees can either download or print the chosen policy.

    #4. Digital Relationship Manager

    After purchasing a policy, having questions or expecting some help is natural and that’s not neglected. Each employee is backed by a dedicated digital relationship manager to help with such matters and offer peace of mind.

    #5. Lifetime Personalized Account

    Looking for one thing and hunting from place to place is annoying and takes ample time. This is why employees these days expect everything together in one place. Making it a reality, employees are given a lifetime personalized account to manage their policy effortlessly.

    #6. AI-based Recommendation

    The artificial intelligence, Laxmi, works like a friendly advisor for every employee and guides them throughout the process. Laxmi also suggests solutions or recommendations it believes might prove helpful for an employee.

    #7. Right Insurance at the Best Price

    There are a couple of benefits corporate employees can reap. They are told about various insurance plans with each one of them having their own benefits. This way, employees are helped in picking the best insurance that covers their needs at the best possible negotiated price.

    #8. Assistance from Experts

    Gone are the days when stepping into the insurance space was a troublesome, complicated and severe headache. Professional insurance experts simplify everything and make the whole experience a lot easier than they thought.

    #9. Best-in-Class Claim Service

    Nothing is certain and insurance plan claims are no exception. However, skilled and determined experts are always at the beck and call of the employees to help them get what they deserve. In other words, claims are managed easily.

    #10. Renewal Management

    Timely automatic renewal notifications are shared to remind the employees before the policy is about to expire. This ensures that they renew the policy on time and that too in a quick and easy way. Simply said, attention is given so that payments are not delayed.

    A Zero Cost Insurance Consulting Platform for Corporate Employees has a vast clientele and a number of trusted insurers, two factors that speak for the company being a genuine and reliable choice for corporate employees. More than 10 lakh employees have benefited from their association with these talented professionals and are continuing to do so. Combining these reasons together make a great pick for everyone who belongs to the corporate world.

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    Published on: 26th Dec 2022
    What is Covered Under a Comprehensive Car Insurance Policy?

    Mainly, there are two kinds of car insurance policies – Third Party Liability Coverage and Comprehensive Coverage.

    Before talking about Comprehensive coverage, first, let’s quickly go through the Third Party Liability Coverage.

    As per the Indian Motor Vehicles Act of 1988, every individual who owns an automobile, or any other type of vehicle for that matter, is required to have third-party liability coverage.  This coverage offers financial security against losses or damages brought on by the insured’s car to a third party. It pays the third party back for any property loss, physical harm, or unintentional death.

    What is a Comprehensive Car Insurance Policy?

    A comprehensive car insurance policy protects the insured against both third-party liabilities and their own damages.  Since it protects you financially from any damages that may occur unrelated to a collision, it is sometimes known as “other than collision” or “own-damage” car insurance. Any unanticipated events, including accidents, fires, thefts, and natural disasters, are covered by a comprehensive car insurance policy. Thus, both the insured and the third party are covered.

    The Advantages Of Purchasing Comprehensive Car Insurance

    Any unanticipated occurrence, except collision, is covered by a comprehensive auto insurance policy. It also provides coverage for losses sustained in an accident. Here are some of the many additional advantages of this “other than collision” cover:

    • It offers your vehicle the finest degree of protection possible
    • With comprehensive automobile insurance, you may claim damages suffered in such circumstances even if you were at fault in an accident
    • It covers claims made against you in court, including legal costs, as a consequence of an accident
    • Financial security and peace of mind
    • Financial aid if your car is written off
    • In contrast to third-party insurance, it protects against damage to your own vehicle during an accident

    What Is Covered by Comprehensive Insurance?

    Comprehensive car insurance covers the 3 following things:

    1. Third-Party Liability

    • Damages caused to the property of the third party.
    • Death or injuries caused to the third party.
    • Death of the insured vehicle’s owner.
    • At an additional premium, the demise of the insured vehicle’s driver is also covered.
    • At an additional premium, the demise of the passengers travelling in the insured vehicle is also covered.
    • At an additional premium, the permanent total disability of the insured vehicle’s owner, passengers, and the driver is also covered.

    2. Own Damage

    • Natural disasters like storms, floods, earthquakes, tornadoes, hurricanes,  etc.
    • Damage suffered in an accident involving the insured vehicle.
    • Terrorism
    • Explosions, fire, and civil commotions
    • Falling objects
    • Stealing and damage

    3. Personal Accident Cover

    • Death of the life insured
    • Loss of two limbs, loss of vision in both eyes, loss of one limb, or loss of one eye.
    • Permanent disability due to injuries other than those already mentioned.

    What are the Exclusions of Comprehensive Insurance?

    If an accident causes damage to your automobile, you cannot file a compensation claim without having comprehensive coverage at the time of the accident. Similarly, several items are not covered by comprehensive auto insurance:

    • Depreciation
    • Natural deterioration of the vehicle (wear and tear)
    • Mechanical or electrical failure
    • Damages to the car resulting from a driver driving without a legal license
    • Damage brought on by drunk driving
    • Damage incurred from intoxicated driving (under the influence of drugs)
    • Independent tire and tube damage (not due to a covered collision)
    • Vehicle loss or damage caused by mutiny, war, or nuclear risk


    There is no doubt that a comprehensive car insurance policy typically offers broader coverage. However, Please note that each policy is unique, and you must read it thoroughly to understand the inclusions and exclusions.

    In case of queries, feel free to write us at or call at 1800 266 9693.


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    Published on: 16th Dec 2022
    Section 80D: How to save tax on health insurance premiums paid

    Every year at this time, people start talking about taxes and investments that can reduce their taxable income. And it’s crucial that you only use legal ways while trying to lessen your tax burden. can help with that.

    In this article, we have outlined a legal strategy you may use to not only reduce your tax burden but also create a sizeable fund for you and your family’s health emergencies.

    One of the legal tax-saving avenues is Section 80D of the Income Tax Act, which allow you to get tax benefits on health insurance premium(s) paid from your income up to a limit of ₹ 1,00,000. Let us understand this Section in detail.

    Health Insurance Tax Benefit in India

    Under Section 80D, you can avail income tax deductions against healthcare-related expenses and payment of health insurance premium. The amount of tax deductions that you can claim under Section 80D depends on the number of people included under the health insurance coverage as follows:

    • A policy that covers individual, spouse, and children (no member is a senior citizen) – a maximum of ₹ 25,000
    • A policy that covers individual, spouse, and children + parents who are not senior citizens – a maximum of ₹ 50,000
    • A policy that covers individual, spouse, and children + parents who are senior citizens – a maximum of ₹ 75,000
    • A policy that covers individual, spouse, and children where you or your spouse is a senior citizen + parents who are senior citizens – a maximum of ₹ 1,00,000
    • Section 80D also covers payment made for preventive health check-ups, critical illness life insurance plan and other health-related riders provided under a life insurance policy.

    It’s almost the end of the third quarter of the current financial year and is the right time to start planning your investments for the year and save some of your hard-earned tax money.

    You can visit to choose your preferred insurance company, compare various plans and buy the one that best fits your requirements.


    Tax Disclaimer: Tax benefits are defined by the Income Tax Act of 1961 and are subject to any future changes. It is suggested that you consult with a tax consultant.


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    Published on: 16th Dec 2022
    Section 80C: How to save tax on life insurance premiums paid

    People begin discussing taxes and investments that can lower their taxable income around this time of the year. It’s vital that you only reduce your tax bill using legal means. That is where can help.

    In this post, we’ve covered a one of the most-opted legal ways you can employ to – not only lower your tax bill but also build up a sizable emergency fund – that can protect you and your loved ones in uncertain situations.

    One of these legal tax-saving options is Section 80C of the Income Tax Act, which enables you to receive tax benefits on expenses from your income up to a maximum of ₹1,50,000. Let’s take a closer look at this Section.

    Life Insurance Tax Benefits in India

    One of the most well-known and preferred tax-saving options is Section 80C – because it enables taxpayers to make tax-saving investments like life insurance products to lower their taxable income.

    It allows a maximum annual deduction of ₹ 1,50,000 from the total yearly income.

    For example, You are a 26-year-old individual, that falls under the highest tax slab rate of 30% having an annual income of less than Rs 50 lakhs. You have opted for the old tax regime.

    You have purchased a term life insurance plan from for an annualized Premium of ₹19,500 for a Premium Payment Term and a Policy Term of 36 years. You get a life cover of ₹ 2 crores. In the case of your unfortunate demise, your nominee will get a lump sum payout of ₹ 2 crores.

    As per 30%, the tax on ₹ 19,500 is ₹5,850
    Education Cess of ₹ 234 at 4% of ₹45,000
    You save ₹5,616 in a year

    In this way, you can save ₹5,616 X 34 years (premium paying term) = ₹ 2,02,176

    Additionally, you get the following benefits from a term life insurance plan:

    • Life cover  of over ₹ 2 Crore
    • You save ₹ 2.02 lakhs in tax benefits under Section 80C
    • Get tax-free pay-out under Section 10(10D)

    Suggested Read: How much term insurance cover do I need?

    It’s almost the end of third quarter of the current financial year and is the right time to start planning your investments for the year and save some of your hard-earned tax money.

    You can visit to choose your preferred insurance company, compare various plans and buy the one that best fits your requirements.

    Tax Disclaimer: Tax benefits are defined by the Income Tax Act of 1961 and are subject to any future changes. It is suggested that you consult with a tax consultant.


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    Published on: 16th Dec 2022
    How much term insurance cover do I need?

    People looking for term life insurance coverage frequently ask us, “How much term life cover do I need? ” The amount of life insurance that each person needs will vary depending on a variety of circumstances. In this post, we will discuss the factors that will influence how much life insurance you need.

    3 Important Factors to Consider 

    Before choosing any life insurance plan, consider the following three most crucial factors to take into account while deciding how much term life cover is required:

    1. Does it cover your financial liabilities and loans?

    Even if something unfortunate were to happen to you, unpaid debts like your home loan or car loan would still need to be repaid. In addition, you can have further unpaid debts. Make a list of all these liabilities and do the math to determine your total amount owed that must be paid regardless of what.

    2. Does it include both primary and secondary education for your kids?

    If you are the sole breadwinner for the family, you are responsible for your child’s financial stability. Your child shouldn’t be denied the education s/he needs in the event of your unfortunate demise. Hence, determine a likely cost based on the program and institution you want to register your child in.

    For example, A 4-year engineering program, which costs around 5 to 8 lakhs today, by 2025, it would likely cost at least 15–16 lakhs. Further, it is likely to reach 20 lakhs by 2030 and 35 lakhs by 2040. Hence, keep the inflation rate in mind while calculating the cost.

    3. Does it cover replace your current income?

    Your family’s monthly expenses, such as those for groceries, transportation, medical care, and housekeeping, are also covered by your current salary.

    These expenses could change if an unexpected incident occurs or if you retire. Say the monthly expenses for your household are ₹ 45,000 at the moment. Due to rising prices and an improvement in the level of living, this may rise in the future. Hence, decide how much you might need to spend annually to cover the family’s essential costs.

    Calculate the Coverage You Require

    After you’ve finished, add up all these numbers to get an idea of the total life cover you require. Your term plan’s sum assured must cover the expenses. If it is, you can relax knowing you have enough protection. It is that simple!

    The Final Step

    Now analyse and compare every term life insurance plan offered on and buy the one that seems most reasonable. Do not forget the premium cost that you will have to pay each month or annually while making this decision.


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    Published on: 06th Dec 2022
    How Does Term Life Insurance Work?

    Life is unpredictable. Unexpected events may be beyond our control, but we can plan our family’s financial protection against them efficiently. In this aspect, one of the best tools for ensuring that your family never runs out of money is term life insurance.

    A term insurance policy is a straightforward and cost-effective approach.

    Having complete knowledge will enable you to make an informed choice, which will ultimately result in a stress-free future. Hence, before you decide to search online for the best term insurance policy, let’s understand how it works.

    How a Term Life Insurance Work?

    Here is how a term life insurance policy works:

    • Step 1: You choose to buy a particular term insurance plan that fits best with your requirements.
    • Step 2: You choose the sum assured or coverage amount that your nominee will receive in the unfortunate incident of your (life insured’s) demise.
    • ProTip: To decide the coverage amount – try the DIME formula. Add your debt, income, mortgage, and education costs along with the salary needed for the number of years your loved ones require protection. You’ll get an idea of the needed coverage.
    • Step 3: You choose the tenure of the policy i.e., the policy term and the duration of premiums to be paid i.e., the premium paying term – based on your earning years.
    • Step 4: The life insurance company determines the premium amount to be paid based on a number of factors like your age, your overall health, sum assured, policy term, preferred term for paying premiums, and so on.
    • Step 5: Decide the nominee(s). The death benefits do not need to go to just one person. You can split it between your adult children and spouse. In case you don’t have a family, leave the benefits to a friend, a charitable organisation or a trust.
    • Step 6: You buy the term insurance plan and in return you pay premiums.


    Life Cover/ Death Benefit:

    In the tragic circumstance, if the life insured passes away, the death benefit is given to the life assured’s nominee, and the life insurance policy is terminated.

    Maturity Benefit:

    Because a term plan is a “pure-risk” cover, if the life insured lives to the end of the policy term, there is no maturity benefit. Nevertheless, only in the case of “term insurance with return of premium plans” – if the life insured lives, s/he is given the agreed maturity benefit, which is the total premiums paid minus taxes, additional premiums, and so on.

    With so many options available in the market, selecting the best term life insurance plan for you can be a task. However, can help you.

    Contact us and we will arrange a meeting for you with our financial experts who will help you take a right decision without charging anything for their service. Dial 1800 266 9693 or email us at


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    Published on: 21st Nov 2022
    Is it worth buying term life insurance in your 50s?

    Between 2021 and 2022, Indian ownership of term insurance plans increased from 39% to 43% 1.

    Undoubtedly, the COVID-19 pandemic has made us realize the importance of having a term life insurance plan!

    It’s a type of plan that provides pay-out to your nominee(s) in the case of your unfortunate demise.  This pay-out will not only protect your loved ones from a sudden loss of income but also help paying back the unpaid loans such as home loans, student loans, etc.

    Even though it’s smart to buy term insurance early, you still have time! So, yes! It is worth buying term insurance in your 50s. Here’s why:

    5 Benefits of Buying Term Insurance in Your 50s

    Here are the five most important benefits of buying term insurance in your 50s:

    1. Replace Lost Income and Pay Living Expenses

    Irrespective of your age when you die, a term plan can help your dependents make up for the lost source of income, especially if you were the sole breadwinner. The pay-out received can help them pay their living expenses.

    2. Meet Your Family’s Lifestyle Needs

    Over time, our lifestyle requirements change. Alongside, inflation keeps rising and that brings down our purchasing power. The pay-out that your nominees get from term insurance can financially aid them to maintain their lifestyle.

    3. Protection against Liabilities

    You may have taken out loans to buy a house, a car, and other assets. You can rest assured that even if you pass away, the burden from these loans won’t put your family in financial danger. If something tragic happens, the payment from the term plan might be able to pay off the loan(s). Moreover, his gives them peace of mind to focus on their own needs.

    4. Financial Security for Children

    Your kids are growing and so are their costs to have a stable livelihood. The maturity benefit of term insurance can also help financially secure the future of your children, at least until they start earning themselves.

    5. Tax Benefits

    Taxpayers may claim specific tax benefits in accordance with the guidelines set in the Income Tax Act. The most often claimed tax benefits fall under Section 80C and Section 10(10D). Please note that the tax norms are subject to change.

    To conclude, you can enjoy the above benefits irrespective of the age at which you opt for term insurance. So, compare and buy the best term life insurance plan most suited for your and your family’s future financial security.


    Tax Disclaimer: Tax benefits are defined by the Income Tax Act of 1961 and are subject to any future changes. It is suggested that you consult with a tax consultant.

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    Published on: 03rd Jun 2022
    How to Renew Your Two-Wheeler Insurance After Expiry

    Every two-wheeler owner is required to have at least a third-party insurance plan to ride a bike or a scooter in India. As per Indian Motor Traffic laws, it is illegal to drive without a 3rd party insurance in the country. Therefore, it is advisable to purchase a bike insurance plan without fail. Not renewing the bike insurance on time could result in the lapse of the policy. This is in effect, an expiry of the policy.

    Bike insurance policy renewal can be easily done online rather than visiting the insurance company’s branch office. The policy can still be revived, even if you missed the deadline. It’s better to renew a policy than take a new one, as you do not need to be on-boarded once again. The insurer already has all your details.

    Many insurance companies remind their policyholder through emails, calls, WhatsApp or texts as their insurance premium payment date approaches. Sometimes we tend to miss these when we don’t see the appropriate communication or we forget to make payments in time. However, if you have missed the renewal date of your insurance policy, immediately get in touch with your insurance company.

    The first step you can take is to call your insurance company and ask for assistance related to policy renewal. In case you have lost track of your two-wheeler insurance renewal date or have missed renewing it before the due date, try to check your details online first. In situations where you are only paying after the due date, insurance providers avoid vehicle inspections.

    There are two ways to renew your lapsed two-wheeler insurance plan i.e. online and offline. Follow these steps to complete the two-wheeler insurance renewal online after expiry:

    1. Check if you have all the policy requirements ready with you. You can make changes to your policy at the time of renewal.
    2. Login to your insurer’s website.
    3. Enter the details related to your bike.
    4. Select the type of bike insurance policy.
    5. Select add-ons if required.
    6. Make a payment through available payment methods.

    Your two-wheeler insurance will be renewed and your renewed bike insurance policy will be sent to your registered email.

    Consider the following points before purchasing/renewing a two-wheeler insurance policy.

    1. Be aware of fraudulent offers
    2. Never click on unknown links, asking you to renew on other platforms
    3. Ensure that the insurer’s authorized signature is there on all policy documents.
    4. Always ask for a payment receipt.

    When purchasing two-wheeler insurance, the best way to do it is online, on a reputed website like Elephant. This way you can compare different bike insurance quotes and get insured with the best policy.

What our Customers Say
  • For Employers
    The elephant has given a wide range of options at the best price to our employees under a single umbrella. A very unique business model and a bridge between retail insurance and corporate package.
    Kumar Gyanendra
    Kumar Gyanendra
    Human Resource(HR)
  • For Employees
    Elephant got my renewal at a price 5000 bucks lower than the renewal notice premium. These guys mean what they say when they say Killer Prices.
    Sushama Ghate
    Sushama Ghate
    Team Coordinator
  • For Employees
    Great support and service from Team Elephant. Always available and absolutely love how smoothly the whole process went by. Thanks for all support and help!
    Aishwarya Nair
    Aishwarya Nair
    Graphic Designer
  • For Employees
    I went through the website and I must say it was really a smooth and delightful experience. Laxmi is very interactive and your focus on minutest of details made it fun buying an insurance policy.
    Nikhil Shukla
    Nikhil Shukla
    Relationship Manager
  • For Employees
    Elephant got my renewal at a price 5000 bucks lower than the renewal notice premium. These guys mean what they say when they say Killer Prices.
    Sushama Ghate
    Sushama Ghate
    Team Coordinator
  • For Employees
    Great support and service from Team Elephant. Always available and absolutely love how smoothly the whole process went by. Thanks for all support and help!
    Aishwarya Nair
    Aishwarya Nair
    Graphic Designer
  • For Employees
    I went through the website and I must say it was really a smooth and delightful experience. Laxmi is very interactive and your focus on minutest of details made it fun buying an insurance policy.
    Nikhil Shukla
    Nikhil Shukla
    Relationship Manager
  • For Employers
    The elephant has given a wide range of options at the best price to our employees under a single umbrella. A very unique business model and a bridge between retail insurance and corporate package.
    Kumar Gyanendra
    Kumar Gyanendra
    Human Resource(HR)
CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2021 to 12/10/2024
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
*All discounts provided by insurers as per IRDAI approved insurance plans. Standard T&C apply.
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