Navigating term insurance can be confusing—but not with Marfo. Our expert insurance advisors are here to guide you through the process. Whether you’re new to insurance or comparing policies, our professionals provide clear, unbiased advice tailored to your financial goals.
Term insurance is a life insurance policy that provides coverage for a specific period or ‘term.’ In simple words, an insurance company provides a lump sum amount to your beneficiaries upon your demise (death) and in return the insurance company expects you to pay the premiums regularly till the insurance tenure. Life insurance ensures net financial safety for your family is taken care of in your absence.
By choosing the right term insurance, you will secure your family’s future so they have a continued standard of living, are debt-free, and can sustain everyday expenses without financial stress.
Level Term Plan:
The sum of coverage remains fixed for the period of the policy.
Increasing Term Plan:
With an increase in the sum assured by a certain percentage, mostly in line with inflation, every year.
Decreasing Term Plan:
Sum assured decreases in a related method with time, nearly always aligned to a decreasing debt like a home loan.
Return of Premium Plan:
Refunds the premium amount if the policyholder outlives him/her from the policy term.
Convertible Term Plan:
The policyholder can convert this term plan into a whole life or endowment plan during the policy term at his/her discretion.
Affordable Premiums:
Term insurance is sold at competitive premiums, which are ‘pocket-friendly’ as against other life insurance products.
Tax Benefits:
Premium paid for term insurance is eligible for deductions under Section 80C of the Income Tax Act and the death benefit is exempt under Section 10(10D).
Financial Security:
If the policyholder dies, the sum assured is handed over to the nominees in a lump sum, thereby proving to be very efficient for their financial stability and peace of mind.
Get the required cover based on your age, income, financial liabilities, and all other possible future monetary expenses for your family using our Term Insurance Calculator. This tool will help you choose the correct term plan for yourself so that in case of death, your loved ones may be able to live life with dignity.
To be eligible for term insurance, you must be an
Must be an Indian resident.
Proof of Identity:
PAN card, Aadhar card, Passport.
Proof of Address:
Utility bills, Rental agreement, Aadhar card.The specific documents needed may vary depending on the insurer.
Â
Fill the form
Fill out the application form. It takes only 3 minutes!
Answer your phone
Have a quick chat with our representative to learn about your Term Insurance as per your requirement
Get a Life Insurance from best lenderr
Sit back and relax! You are on your way to secure yourself and your family.
Marfo Strategies Pvt Ltd believes in delivering solutions with regard to securing your future with the best term insurance plan that fits your needs. Contact us today to get started.
Navigating term insurance can be confusing—but not with Marfo. Our expert insurance advisors are here to guide you through the process. Whether you’re new to insurance or comparing policies, our professionals provide clear, unbiased advice tailored to your financial goals.
Term insurance is a life insurance policy that provides coverage for a specific period or ‘term.’ In simple words, an insurance company provides a lump sum amount to your beneficiaries upon your demise (death) and in return the insurance company expects you to pay the premiums regularly till the insurance tenure. Life insurance ensures net financial safety for your family is taken care of in your absence.
By choosing the right term insurance, you will secure your family’s future so they have a continued standard of living, are debt-free, and can sustain everyday expenses without financial stress.
Level Term Plan:
The sum of coverage remains fixed for the period of the policy.
Increasing Term Plan:
With an increase in the sum assured by a certain percentage, mostly in line with inflation, every year.
Decreasing Term Plan:
Sum assured decreases in a related method with time, nearly always aligned to a decreasing debt like a home loan.
Return of Premium Plan:
Refunds the premium amount if the policyholder outlives him/her from the policy term.
Convertible Term Plan:
The policyholder can convert this term plan into a whole life or endowment plan during the policy term at his/her discretion.
Affordable Premiums:
Term insurance is sold at competitive premiums, which are ‘pocket-friendly’ as against other life insurance products.
Tax Benefits:
Premium paid for term insurance is eligible for deductions under Section 80C of the Income Tax Act and the death benefit is exempt under Section 10(10D).
Financial Security:
If the policyholder dies, the sum assured is handed over to the nominees in a lump sum, thereby proving to be very efficient for their financial stability and peace of mind.
Get the required cover based on your age, income, financial liabilities, and all other possible future monetary expenses for your family using our Term Insurance Calculator. This tool will help you choose the correct term plan for yourself so that in case of death, your loved ones may be able to live life with dignity.
To be eligible for term insurance, you must be an
Must be an Indian resident.
Proof of Identity:
PAN card, Aadhar card, Passport.
Proof of Address:
Utility bills, Rental agreement, Aadhar card.The specific documents needed may vary depending on the insurer.
Â
Fill the form
Fill out the application form. It takes only 3 minutes!
Answer your phone
Have a quick chat with our representative to learn about your Term Insurance as per your requirement
Get a Life Insurance from best lenderr
Sit back and relax! You are on your way to secure yourself and your family.
Marfo Strategies Pvt Ltd believes in delivering solutions with regard to securing your future with the best term insurance plan that fits your needs. Contact us today to get started.
Navigating term insurance can be confusing—but not with Marfo. Our expert insurance advisors are here to guide you through the process. Whether you’re new to insurance or comparing policies, our professionals provide clear, unbiased advice tailored to your financial goals.
Term insurance is a life insurance policy that provides coverage for a specific period or ‘term.’ In simple words, an insurance company provides a lump sum amount to your beneficiaries upon your demise (death) and in return the insurance company expects you to pay the premiums regularly till the insurance tenure. Life insurance ensures net financial safety for your family is taken care of in your absence.
By choosing the right term insurance, you will secure your family’s future so they have a continued standard of living, are debt-free, and can sustain everyday expenses without financial stress.
Level Term Plan:
The sum of coverage remains fixed for the period of the policy.
Increasing Term Plan:
With an increase in the sum assured by a certain percentage, mostly in line with inflation, every year.
Decreasing Term Plan:
Sum assured decreases in a related method with time, nearly always aligned to a decreasing debt like a home loan.
Return of Premium Plan:
Refunds the premium amount if the policyholder outlives him/her from the policy term.
Convertible Term Plan:
The policyholder can convert this term plan into a whole life or endowment plan during the policy term at his/her discretion.
Affordable Premiums:
Term insurance is sold at competitive premiums, which are ‘pocket-friendly’ as against other life insurance products.
Tax Benefits:
Premium paid for term insurance is eligible for deductions under Section 80C of the Income Tax Act and the death benefit is exempt under Section 10(10D).
Financial Security:
If the policyholder dies, the sum assured is handed over to the nominees in a lump sum, thereby proving to be very efficient for their financial stability and peace of mind.
Get the required cover based on your age, income, financial liabilities, and all other possible future monetary expenses for your family using our Term Insurance Calculator. This tool will help you choose the correct term plan for yourself so that in case of death, your loved ones may be able to live life with dignity.
To be eligible for term insurance, you must be an
Must be an Indian resident.
Proof of Identity:
PAN card, Aadhar card, Passport.
Proof of Address:
Utility bills, Rental agreement, Aadhar card.The specific documents needed may vary depending on the insurer.
Â
Fill the form
Fill out the application form. It takes only 3 minutes!
Answer your phone
Have a quick chat with our representative to learn about your Term Insurance as per your requirement
Get a Life Insurance from best lenderr
Sit back and relax! You are on your way to secure yourself and your family.
Marfo Strategies Pvt Ltd believes in delivering solutions with regard to securing your future with the best term insurance plan that fits your needs. Contact us today to get started.
Term Insurance FAQs
Term insurance is a form of life insurance wherein one gets covered for a fixed period or "term." In case of death during the term, death claim would be paid to the nominee. However, if the policyholder survives the term, no payout would be made.
It is pure life cover and has no savings-investment element. That is why term insurance is less expensive as compared to other forms of life insurance, like Whole Life or Endowment policies. It covers for a high amount at low premiums.
All those having financial dependants, either in the form of a spouse, children, or even aging parents, should buy term insurance. It is also highly recommended that people having loans or any other forms of financial liabilities take this policy to safeguard their family against eventualities in case of untimely death.
The premium of the term insurance policy depends upon the age of the policyholder, his health, habits of smoking, coverage amount, tenure of the policy, and riders added. 5. What is the maximum coverage I can get with a term insurance policy?
The sum assured varies according to the insurance company's policy and the insured's income, age, and financial profile. Commonly, it can vary from a few lakhs to several crores, depending on an individual's requirement and eligibility.
The answer is 'yes', you can buy term insurance when you have a pre-existing condition; however, the premium might be higher or there might be certain exclusions connected with the condition in question, depending on the severity of that condition.