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Term Life Insurance

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Laxmi revealing exclusive deals on Term Life Insurance

Unleash the power of AI-driven term life insurance recommendations, a dedicated relationship manager, and personalized plans designed just for you. Navigate confidently towards securing your family’s financial future, guided by Elephant.in's expertise and commitment to your peace of mind.

Watch this short video by Laxmi - Your friendly AI advisor who will handhold you through the entire process and make your insurance experience seamless!

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What is Term Life Insurance?
Term life insurance is a safety net for your dependents in case of unfortunate and untimely death. This insurance is recommended especially for those who are sole breadwinner of their family. It is the cheapest way to cover yourself which enables you to support a worry-free financial future for your family.
How Term Life Insurance Works?
When you buy a term life insurance policy, the insurance company determines the premiums based on your age, gender, sum assured and health conditions. The insurance company may also inquire about your current medications, smoking status, occupation, hobbies, and family history. If there is an unfortunate death of the life assured during the policy term, the insurer will pay the policy’s face value to your beneficiaries. The benefit pay-outs may be used by beneficiaries to settle pending debts and have a stable living in your absence. However, if the policy expires before life assured’s death, there is no pay out given to anyone. But today there are plans available in the market which helps you get back your premiums on maturity.
Benefits of purchasing Term Life Insurance:
  • To replace lost income and pay living expenses
  • Cater to your family's lifestyle requirements
  • Ensures financial protection against liabilities
  • Tax savings
  • Financial security for Kids in your absence
Additional Covers
Term Life Insurance offers customers to add additional coverages to their base life policies. The benefits can be added at an additional nominal cost. Below are few additional coverages offered:
  • Accidental Death Benefit
  • Critical Illness Benefit
  • Accidental Disability Benefit
  • Waiver of Premium Benefit
Importance of Term Life Insurance:
Simply because life is uncertain, and one can never predict what the future holds!
You hold the key to provide your family with adequate income in case of an unfortunate death.
  • Financial stability by securing the future at various life stage i.e., when you are young & unmarried, newly married, when you become a parent
  • Tax Benefits: Premiums paid are eligible for tax-benefits under Section 80C and Section 80D# of Income Tax Act
  • Boost your term plan by increasing cover amount
  • Various riders (add-ons) available
  • Very low premiums to protect your family when you need it most
  • Tax free death benefit under Section 10 (10D) of Income Tax Act
  • Highly Flexible and tailor-made plans available
  • Very low claim rejection
  • Fixed premiums for entire term plan, you pay much less in total
Help Section/FAQ:

You will receive personalized recommendation from Laxmi - the Artificial Intelligence, who is a friendly advisor and will hand-hold you through the entire process and recommend a solution that is a perfect fit for you.

Elephant.in offers a dedicated Digital Relationship Managers to cater all your issues any time after you buy a policy and for the same reason, you get assigned with a dedicated digital relationship manager for any support. Someone's always there to rescue!

Yes, things do go wrong but at Elephant.in we provide best-in-class claims service through our experienced and dedicated claims experts who will help you manage your claims effortlessly.

At Elephant.in insurance companies have been handpicked basis their service, prices and claims paying capability to create a smooth experience.

Disclaimer: The premium amount of Rs 422 (excluding GST) per month is calculated for Bajaj Allianz Life Smart Protect Goal with UIN: 116N163V01 considering the 21-year-old Male, salaried, nonsmoker, Sum Assured of Rs. 1 Crore, policy term 20 years with an annual income above Rs. 10 lacs and is a graduate, discount of up to 6% online discount included (for 1st year), 1% Autopay Discount Included (lifetime) , 5% New to Life Insurance Customer Discount Included (for 1st year), 5% discount for salaried included (for 1st year). Prices offered by the insurer are as per the IRDAI approved insurance plans. All savings and online discounts are provided by insurers as per IRDAI approved insurance plans which may vary as and when amendments done under any plans by any insurance companies.

No documentation means a customer is not required to submit his/her salary slips and bank statement provided an employee is salaried, graduate and above income being min. INR 5 lakhs, sum assured up to 2 Crore for age bracket being 18yrs to 45 yrs. In case, customer’s details are available at “Central KYC Registry” then “Know Your Customer” (KYC) details are not required.

The above exclusivity is subjected to income estimator calculations done at select insurance company’s end.

Zero Cost - Zero-cost insurance option also known as Premium Back option/ Smart exit value option is offered by multiple insurance companies. This option can be exercised by adhering to the conditions specified by respective insurance companies under their term plans. This option shall be applicable on the base cover premium only and not on premiums paid towards additional optional benefits. The premium back amount received does not include GST. Standard T&C apply. Product information is authentic and solely based on the information received from the Insurer.

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Alliance Insurance Brokers Pvt. Ltd.
8th Floor, Gold Crest, 10th Road, Juhu, Vile Parle (W), Mumbai 400 049, India
Email
Monday - Saturday
9:30 am - 6:30 pm IST
CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2024 to 12/10/2027
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2024 to 12/10/2027
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
*Standard T&C apply.
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