• Compare available plans and use a term insurance calculator to estimate premiums.
• Choose coverage based on dependants, regular expenses, loans and future financial needs.
• You can buy a policy online or offline, depending on your preference.
• Optional riders may provide additional protection for events such as critical illness or accidental death.
• Eligible life insurance premiums can qualify for a deduction of up to Rs. 1.5 lakh under Section 123 of the Income Tax Act, 2025, subject to applicable conditions and the tax regime. 

Explore life insurance plans based on your protection and financial goals. Compare plans and check your premium estimate before selecting the coverage that suits your needs.

For families with dependants or a primary income earner, this protection can help address regular household expenses, outstanding loans and other financial commitments.

What makes term insurance useful?

• Financial protection for dependants: The applicable death cover can provide financial support to your nominee if the life assured dies during the policy term.
• Cost-effective coverage: Term insurance can offer substantial life cover at relatively affordable premiums, making it a practical option when your primary need is financial protection for your family.
• Flexible coverage: You can select a coverage amount and policy tenure based on your financial responsibilities.
• Additional protection: Depending on the policy, riders such as Critical Illness Benefit or Accidental Death Cover may be available.
• Online access: You can compare and explore term insurance options online before completing the application.

The payout can help your family manage regular expenses, repay eligible outstanding debts and continue working towards important financial goals.

Key benefits of term insurance to consider:

• High life cover: You can choose substantial coverage based on your family’s financial requirements.
• Support for outstanding debts: The death cover can help your family manage eligible loans and other liabilities.
• Flexible payout options: Depending on the policy, the death cover may be structured as a lump sum or through other available payout options.
• Customisable protection: Where offered, riders can provide additional cover for specified events such as critical illness or accidental death.
• Long-term financial planning: Term insurance can help protect your family’s finances during the years when they depend on your income.

To find an affordable term insurance plan, you must consider the following factors when choosing a plan:

• Assess your coverage requirement: Consider your family’s regular expenses, outstanding loans, future financial goals and the income that may need to be replaced.
• Compare available plans: Review the coverage, policy term, premium and features before making a decision. You can use platforms like Bajaj Finance Insurance Mall, where you can compare plans from different insurers and get quote easily online.
• Use a premium calculator: A term insurance calculator can help you estimate the premium based on your selected cover and personal details.
• Share accurate health information: Your health, smoking or tobacco use and other information can affect underwriting and the premium offered.
• Start early when possible: Buying cover at a younger age may help you access lower premiums because age is one of the factors used in premium calculation.
• Choose the policy term carefully: Select a tenure that covers the period when your family is likely to depend on your income. A longer policy term should not automatically be assumed to mean a lower premium.

Check your coverage needs and premium estimate before choosing a term insurance plan. Get quote!

How do you buy a life insurance plan online?

Buying a life insurance plan online can take a few minutes, depending on the application and information required. You can compare available plans and complete the process without visiting a branch through the insurer's official website or platforms like Bajaj Finance Insurance Mall that hosts plans offered by leading insurers in India.

To compare and get quote through Bajaj Finance Insurance Mall, you can follow the below steps:

1. Click on ‘Get Quote’: Open the life insurance page and select ‘Get Quote’ to begin the online application.
2. Enter your basic details: Provide your name, mobile number, email ID, date of birth and gender to generate a personalised premium estimate.
3. Share additional information: Enter details such as your lifestyle, occupation, education, income and PIN code, then select ‘View Plans’.
4. Review the available plans: Compare the premium, coverage, policy details and applicable rider options.
5. Select a plan and apply: Choose the plan that matches your requirements and select ‘Buy Now’ to proceed.
6. Complete the next steps: An authorised representative may contact you to explain the available products and guide you through the remaining application and documentation requirements.

How does the offline process work?

You can also discuss term insurance with an insurance representative before completing your application.

1. Meet an insurance representative: Discuss your financial responsibilities and the type of life cover you are considering.
2. Understand the available options: Review the coverage, policy term, premium and other applicable policy features.
3. Provide the required information: Complete the proposal form and submit the documents requested by the insurer.
4. Complete premium payment: Pay the applicable premium using the payment method available for the policy.
5. Review the policy documents: Check the key policy details and conditions after issuance.

The suitable type of life insurance depends on your financial goals, protection requirements and the features you are looking for. Term insurance can address a pure protection need, while other life insurance products may combine protection with savings or investment features.

Term insurance in Chattisgarh can help provide financial protection to your family during the policy term. You can choose the coverage and tenure based on your financial responsibilities and compare options before applying.

Consider your dependants, household expenses, outstanding liabilities and long-term financial goals when deciding the amount of life cover. You can then compare plans online or offline and select a policy whose terms and features match your requirements.