Key highlights:

• Pure life insurance with no investment component.
• Affordable premiums with high life cover.
• Flexible policy terms and sum assured options.
• Optional riders may be available for enhanced protection.
• Tax benefits may be available under the applicable provisions of the Income Tax Act, 2025.

Explore life insurance plans to compare coverage options, estimate premiums, and choose protection that suits your family's financial needs.

A risk-cover term insurance plan is a pure life insurance policy that financially protects the family if the policyholder passes away during the policy term. If the life assured dies while the policy is active, the insurer pays the agreed sum assured to the nominee, subject to the policy terms and conditions.

Unlike savings or investment-oriented life insurance plans, a risk-cover term insurance plan focuses only on life protection. Since it does not include a savings or investment component, it generally offers a higher life cover at a comparatively affordable premium.

If you survive the policy term, a standard term insurance plan does not pay any maturity benefit. However, some insurers may offer Return of Premium (TROP) variants, which refund eligible premiums paid if you outlive the policy term, subject to the plan's terms and conditions.

Compare term insurance plans to find a cover amount and policy term that match your family's future financial needs. Get quote!

Some of its key benefits include:

• Financial security for your family: The death cover can help your loved ones manage regular household expenses, outstanding loans, children's education, and other long-term financial commitments.
• Affordable life cover: Since these plans focus only on life protection, they generally provide a high sum assured at a lower premium than many other life insurance products.
• Flexible coverage options: You can choose a policy term and sum assured that suit your income, liabilities, and long-term financial goals.
• Simple and easy to understand: Risk-cover term insurance offers straightforward life protection without the complexity of investment or savings features.
• Optional enhanced protection: Depending on the insurer and product, you may be able to strengthen your coverage by adding riders such as critical illness, accidental death cover, or waiver of premium benefits.

Some of the key factors include:

• Age at policy purchase.
• Sum assured selected.
• Policy term.
• Health condition and medical history.
• Smoking or tobacco usage.
• Occupation and lifestyle.
• Rider selection, if applicable.

Buying a term insurance plan at a younger age may help you secure lower premiums, as insurers generally consider younger individuals to have a lower risk profile.

Check your personalised premium estimate and compare plans based on your age, coverage needs, and policy term. Get quote!

Consider these factors before buying:

• Estimate the life cover your family would require to replace your income.
• Choose a policy term that covers your major financial responsibilities.
• Compare premiums, benefits, and available riders across insurers.
• Review the claim settlement performance and customer service record.
• Read the policy exclusions and conditions carefully before purchasing.

Selecting a plan should be based on your long-term financial goals rather than premium alone. A policy with adequate coverage can help your family remain financially secure even if you're no longer around.

Compare coverage options and get a personalised quote to choose a term insurance plan that aligns with your protection needs.

A risk-cover term insurance plan is one of the simplest ways to financially protect your family against life's uncertainties. It provides a substantial life cover at an affordable premium, helping your loved ones manage future financial responsibilities if you pass away during the policy term.

When choosing a plan, evaluate your coverage needs, policy term, premium affordability, and optional riders before making a decision. Comparing multiple plans can help you find a solution that offers the right balance between protection and long-term financial security.