• 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.

Some factors to consider include:

• Cost-effective life cover: Term insurance can provide substantial life cover at relatively affordable premiums, making it suitable when your primary need is financial protection.
• Financial support for your family: The applicable death cover can provide a lump-sum payout to your nominee if you die during the policy term.
• Choice of policy term: You can select a policy tenure based on your age, financial responsibilities and the period for which your family may depend on your income.
• Tax benefits: Eligible life insurance premiums may qualify for tax benefits subject to the applicable tax regime and conditions under current tax law.
• Additional protection: Depending on the policy, you may be able to add riders such as Critical Illness Benefit, Accidental Death Cover or Accidental Total Permanent Disability Benefit.

Key benefits include:

• Financial support for dependants: The death cover can help your family manage regular household expenses after the loss of your income.
• Support for outstanding liabilities: The payout can help your nominee address eligible loans and other financial commitments.
• Protection for long-term goals: Life cover can provide financial support for goals such as children’s education or other planned expenses.
• Flexible premium payment frequency: Depending on the policy, premiums may be payable monthly, quarterly or annually.
• Additional protection through riders: Eligible riders can provide cover for specified events such as critical illness, accidental death or disability, depending on the policy terms.

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.

Understanding the differences between term insurance and other types of life insurance can help in choosing the best policy.

Term insurance in Raipur, 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.