Term Plan
High-Lump-Sum Financial Protection for Family Breadwinners at Affordable Premiums
Term Life Insurance (Term Plan) provides pure financial protection by paying a 100% guaranteed lump-sum sum assured payout to your family in the event of an untimely death of the policyholder during the policy term.
Securing your family's financial future, children's education, and home loan liabilities is top priority. Dattani Insurance evaluates income, family liabilities, and financial goals to recommend high-cover term plans with critical illness riders and accidental death benefits.
Term Plan Details & Add-On Covers
Term Plan Financial Benefits
- * High Sum Assured options (e.g. ₹50 Lakhs to ₹5 Crores+) at nominal premiums
- * 100% Lump-Sum Payout or Monthly Income Payout options to nominees
- * Tax Benefits under Section 80C & Section 10(10D) of Income Tax Act
- * Flexible Policy Terms up to age 75 or 85 years (Whole Life options)
Inbuilt Riders & Optional Add-ons
- * Accidental Death Benefit Rider (Double Sum Assured payout)
- * Critical Illness Rider (Lump-sum payout on diagnosis of major diseases)
- * Waiver of Premium Rider on Disability or Critical Illness
- * Terminal Illness Benefit - Early payout on diagnosis of terminal condition
Key Benefits & Highlights
What Is Covered Under Term Plan
- Untimely Death due to Natural Causes, Illnesses & Accidents
- Home Loan, Personal Loan & Business Debt Liquidation
- Higher Education Fund & Marriage Expenses for Children
- Monthly Income Replacement for Dependent Spouse & Parents
- Critical Illness Payouts & Terminal Condition Advances
Why Choose Dattani Insurance for Term Plan?
With over 20 years of risk management experience led by Jay Dattani (The Insurance Specialist), we prioritize honest, need-based advising over selling generic policies. We guide you through policy comparison, optimal sum insured valuation, and dedicated claim settlement assistance.
Frequently Asked Questions
What is a Term Life Insurance Plan?
A term plan is a pure life insurance policy that offers maximum financial cover (sum assured) at minimum premium cost for a specified policy term.
Are term insurance claim payouts tax-free?
Yes, death claim payouts received by nominees are completely tax-free under Section 10(10D) of the Income Tax Act.
