Life Insurance → Term Insurance
Term insurance is the purest, most affordable form of life cover: you pay a premium, and if you pass away during the policy term, your family receives a fixed sum. No investment, no frills — just protection that does its job.
Why term insurance is usually the smart core
Because there’s no savings component, the same premium buys far more cover than a bundled plan. A healthy 30-year-old can often secure a large sum assured for a modest yearly premium. The trade-off: if you outlive the term, there’s typically no payout — and that’s the point. You’re buying protection, not a return.
Explore term insurance
Premium Calculator
Estimate the cover and premium that suit your income and goals.
Tax Benefits
How term premiums and payouts are treated under current Indian tax rules.
Claim Settlement Ratio
What the ratio means and how to use it when comparing insurers.
Frequently asked questions
Will I get money back if I survive the term?
Standard term plans don’t pay anything if you outlive the term — that’s why they’re cheap. Some ‘return of premium’ variants refund premiums, but cost more for the same cover.
When is the best time to buy?
Generally as early as you have dependants. Premiums are lower when you’re younger and healthier, and they’re usually locked in for the whole term.
How much cover do I need?
Enough to clear debts and replace your income for the years your family would need it — often 10–15× annual income as a starting estimate.
Eaze Insure is an independent insurance information and comparison platform. We are not an insurer and do not sell policies. Content here is for general education only and is not financial, tax, or legal advice. Please verify product details with the insurer and consult a qualified advisor before buying.
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