Term Life Insurance Overview
LoanPao’s Term Life Insurance offers high coverage from ₹50 lakh to ₹10 crore at affordable premiums to secure your family’s financial future with term life insurance india. This pure protection plan pays a lump sum to your nominees in case of your untimely demise during the policy term (10–40 years). With LoanPao’s seamless term life insurance online process, you can get insured within days. Apply now via our application portal or contact us at +91-999-163-4766 for guidance.
Our term plans come with flexible options like monthly/annual premiums, riders (e.g., critical illness), and tax benefits under Section 80C. Explore more insurance options on our insurance page.
Benefits of Term Life Insurance
High Coverage
Get coverage from ₹50 lakh to ₹10 crore for financial security with term life insurance benefits.
Low Premiums
Starting at ₹500/month for ₹1 crore coverage using term life insurance premium calculator.
Tax Benefits
Save on taxes under Section 80C and 10(10D) with term life insurance benefits.
Flexible Tenure
Choose policy terms from 10 to 40 years for term life insurance india.
Online Application
Apply via e-KYC for quick policy issuance with term life insurance online.
Add-On Riders
Enhance coverage with critical illness or accidental death riders.
Eligibility Criteria
| Criteria | Details |
|---|---|
| Age | 18–65 years (at entry) |
| Residency | Resident of India |
| Health | Good health, may require medical check-up for high coverage |
| Documents | Valid KYC (Aadhaar, PAN, etc.) |
| Availability | Through LoanPao’s partnered financial institutions |
Check term life insurance eligibility or contact info@loanpao.in for assistance.
Documents Required
- Aadhaar Card or PAN Card
- Bank Account Details (with IFSC code)
- Passport-size Photograph
- Proof of Address (if different from Aadhaar)
- Proof of Income (optional, for high coverage)
How to Apply for Term Life Insurance
Apply with LoanPao in 3 simple steps for term life insurance online:
- Fill the form below with your details.
- Upload KYC, health declaration, and other documents via e-KYC.
- Get policy issued within days.
Start your application or call +91-999-163-4766 for support.
Compare Term Life Insurance Providers
| Provider | Coverage Amount | Premium (p.a.) | Policy Term | Claim Settlement Ratio |
|---|---|---|---|---|
| LIC | ₹50 lakh–₹10 crore | ₹6,000–₹50,000 | 10–40 years | 98.5% |
| HDFC Life | ₹50 lakh–₹5 crore | ₹5,500–₹40,000 | 10–35 years | 99% |
| ICICI Prudential | ₹1 crore–₹10 crore | ₹7,000–₹60,000 | 10–40 years | 97.8% |
Note: Premiums are indicative. Contact LoanPao for updated offers on term life insurance premium calculator.
Types of Term Life Insurance
LoanPao facilitates various Term Life Insurance options:
- Level Term Plan: Fixed coverage and premium throughout the term.
- Increasing Term Plan: Coverage increases annually to match inflation.
- Decreasing Term Plan: Coverage decreases over time, ideal for loans.
- Return of Premium Plan: Premiums refunded if you outlive the term.
- Joint Life Term Plan: Covers two individuals under one policy.
Why Choose LoanPao for Term Life Insurance?
Wide Partner Network
Compare offers from 500+ IRDAI-approved insurers.
Fast Approvals
Policies issued within days.
24/7 Support
Contact us at +91-999-163-4766 or info@loanpao.in.
Tips for a Successful Term Life Insurance Application
- Assess your coverage needs using term life insurance premium calculator.
- Declare accurate health information for term life insurance eligibility.
- Choose riders based on your lifestyle risks.
- Compare premiums from multiple providers for best term life insurance benefits.
- Apply early to lock in lower rates for term life insurance india.