Soubhagya Secure
Soubhagya Secure

Term Insurance

The highest life cover for the lowest premium — pure protection for your family, with no investment component.

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Term Insurance coverage illustration

Key Benefits

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Highest sum assured per rupee of premium of any life insurance product

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Premiums stay level for the full policy term — no surprises later

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Optional riders: critical illness, accidental death, disability cover

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Tax benefits on premiums paid, subject to prevailing tax laws

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Flexible payout options: lump sum, monthly income, or a mix of both

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Coverage available up to age 99 with select plans

What's Covered

  • ✓Lump-sum death benefit paid to your nominee
  • ✓Optional critical illness rider for major diagnoses
  • ✓Optional accidental death benefit rider
  • ✓Optional waiver of premium on disability
  • ✓Terminal illness benefit on select plans
  • ✓Coverage amounts from ₹25 lakh up to ₹5 crore or more

Who Needs Term Insurance?

Anyone with dependents relying on their income

Home loan or business loan borrowers

Young earners locking in low premiums early

Sole or primary breadwinners in the family

Term Insurance FAQs

Term insurance provides pure life cover with no savings or investment component, which is why its premiums are dramatically lower than whole life or endowment plans for the same sum assured. It pays out only if the policyholder passes away during the term.
A common starting guideline is 15-20 times your annual income, adjusted for outstanding loans and your family's future expenses. Our advisors can work out a precise figure with you during your free consultation.
Most term plans lock in a level premium for the entire chosen term, so it won't increase during that period. A fresh policy taken later will be priced based on your age and health at that time, which is why buying early is usually more cost-effective.
It depends on your age, chosen sum assured, and health declaration. Many term plans up to a certain cover amount can be issued with minimal or no medical tests, while higher cover amounts typically require a basic health check.

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