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Which Term Insurance is Best?

By Finserv MARKETS - Jan 3,2020
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Best Term Insurance

With the whole range of term insurance offers in the market, it can be confusing to zero down on the best term insurance plan that works for you and your family. After all, term insurance is the most efficient and reliable way for you to safeguard your family’s future. It is a decision that needs to be taken with extreme caution and research so that you have the peace of mind that you have settled on best term insurance plan possible for any circumstances that may arise in the future.

There are a number of factors that truly help determine what the best term insurance might be for you. Whatever your requirements, you need to look no further than the term insurance plan on Finserv MARKETS. Wondering why? Here are a few points to keep in mind about exactly what factors make for the best term insurance plan and how the term insurance on Finserv MARKETS fulfills each of these criteria:

1. Cost-effective:

One of the primary reasons why people tend to seek out term insurance plans is that they prove to be a far more cost-effective insurance option than a permanent life insurance plans. If a term insurance plan charges high premiums and only offers high-interest rates, it can often make the entire point of opting for term insurance plans moot for the customer.

What makes term insurance plans, even more, cost-effective is the fact that they are laden with tax benefits. Under Section 80C of the Income Tax Act, you will be eligible for deductions on the premiums you pay toward your term insurance policy. Under Section 10(10D), you can tax deductions on the payout you receive from the policy. In such ways, term insurance can help minimize your financial outgo.

The best term insurance plans are the ones that provide you with all the benefits of a term insurance plan at incredibly economical premiums. The Bajaj Allianz Life Smart Protect Goal plan on Finserv MARKETS makes this possible by offering its customers extensive coverage at premiums that are relatively easy on the pocket.

2. Complete coverage:

If you are looking for the best term insurance in the market, you must certainly be looking for a plan that can provide for your family in your absence. In the event of your unfortunate demise, this term insurance plan would be the guiding factor that would safeguard your family’s future for years to come.

The Bajaj Allianz Life Smart Protect Goal term insurance on Finserv MARKETS helps put all these worries to rest by offering families coverage of Rs. 1 crore at affordable premium rates.

3. Additional riders:

Term insurance plans across the board might be similar in their primary feature, that is providing insurance coverage for a fixed period of time, but every term insurance plan differs based on each provider as well as the various riders that people opt for in addition to the basic insurance coverage feature. The best term insurance plan would be one that offers a wide range of rider options and allows you to customise your plan based on your needs.

The Bajaj Allianz Life Smart Protect Goal term insurance plan on Finserv MARKETS offers you an assortment of tailor-made plans that you can customise with riders, such as the Critical IllnesS Rider that covers up to 55 major and minor diseases, ranging from cancer, heart ailments, to blindness and Parkinson’s Disease. The plan also offers Accidental Death Benefits and Accidental Total Disability Benefits.

4. Convenience:

We live in a modern age that thrives on making our lives easier and more convenient by the means of technology. Buying term insurance of your choice should be no different. That is why the term insurance plan on Finserv MARKETS seeks to make availing insurance coverage more accessible than ever.

On its online portal, you can easily apply for the insurance plan of your choice, upload and get your documents verified and pay your premium in a few, quick and easy steps. In addition to that, features like the Maturity Benefit (Return of Premium) make this term plan all the more advantageous and convenient for policyholders. The Maturity Benefit stipulates that if no claim has been made by the insured on any of the variants or Add-on Covers, on maturity, the premiums paid for the same will be returned.

5. Reliability:

Lastly and most importantly, your search for the best term insurance plan must include an insurer that comes with a trusted record of providing coverage and reliable financial solutions to their customers.

Opting for the term insurance plan on Finserv MARKETS will give you reliability and assured financial security, what with its reputation as a state-of-art financial platform with a satisfied base of more than 100 million customers all across India.

All in all, when it comes to the matter of providing for our families, we want nothing but the very best. You can select the ideal term plan for your family by keeping in mind the above pointers and aligning them with you and your loved ones’ financial priorities and goals.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522