Term Insurance
Protect Your Family's
Future with the
Right Term Plan
₹1 crore life cover starting at just ₹500/month. Compare plans from LIC, HDFC Life, ICICI Prudential, Tata AIA, and 10+ top insurers — free, with expert guidance.
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Life Cover
₹25 Lakhs — ₹5 Crores
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Premium
Starts at ₹500/month
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Policy Term
10 to 40 years
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Top Insurers
LIC, HDFC, ICICI, Tata AIA+
Why Choose Marfo
The right term plan for
your family's security
Compare 15+ Insurers
We compare premiums, claim settlement ratios, and features across all major Indian life insurance companies.
Claim Settlement Ratio Focus
We prioritize insurers with 98%+ claim settlement ratio — because the plan only matters when it pays out.
Right Cover Calculation
Our advisors calculate the exact cover your family needs based on income, liabilities, inflation, and future goals.
Rider Guidance
Accident benefit, critical illness, waiver of premium — we help you choose the right riders without overpaying.
Smooth Issuance
We handle all documentation, medical coordination, and follow-ups to ensure your policy is issued without delays.
Claims Assistance
In the unfortunate event of a claim, we assist your family with the entire claims process at no extra cost.
Eligibility
Who can buy
term insurance?
Term plans are available to most healthy Indians. Here are the standard eligibility criteria.
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Indian citizen aged 18 to 65 years
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Non-smoker rates available (significant discount)
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Medical examination may be required above ₹50 lakhs cover
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Income proof required for high sum assured plans
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Disclosure of all pre-existing health conditions mandatory
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NRIs can also buy term insurance in India
Get your personalised quote
Tell us your age, income, and cover requirement — we'll show you the best term plans and exact premiums within minutes.
Get Free Quote →FAQs
Term insurance
questions answered
Everything you need to know before buying term insurance in India.
Ask an Expert →What is term insurance?
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Term insurance is a pure life cover plan that pays a lump sum to your nominee if you pass away during the policy term. It has no maturity benefit — it's purely for financial protection of your family.
How much life cover do I need?
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A general rule is 10–15 times your annual income. For example, if you earn ₹8 lakhs per year, aim for ₹80 lakhs–₹1.2 crore cover. Our advisors calculate the right amount based on your income, liabilities, and dependants.
What is the right age to buy term insurance?
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The earlier the better. Premiums are lowest when you're young and healthy. A 25-year-old can get ₹1 crore cover for as low as ₹500/month. Waiting even 5 years can significantly increase premiums.
What is the difference between term and whole life insurance?
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Term insurance covers you for a fixed period (10–40 years) with low premiums and no investment component. Whole life insurance covers your entire life but comes with much higher premiums.
Are term insurance premiums tax deductible?
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Yes. Premiums paid for term insurance qualify for deduction up to ₹1.5 lakhs per year under Section 80C of the Income Tax Act. The death benefit is also tax-free under Section 10(10D).
Can I buy term insurance if I have a pre-existing illness?
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Yes, but you must disclose all pre-existing conditions at the time of application. Non-disclosure can lead to claim rejection. Our advisors guide you on which insurers are most suitable for your health profile.
Secure your family's future today
Compare 15+ term plans for free. Takes 5 minutes. No obligation, no spam.