Compare Term Insurance Plans
Get the best coverage at affordable prices
Why Term Insurance?
Lowest Cost Protection
Term insurance offers the most affordable premiums per rupee of coverage. For example, a ₹1 Crore cover might cost just ₹1,000/month for a healthy 30-year-old.
High Coverage Amounts
Get coverage of ₹1 Crore or more to fully protect your family's needs, unlike traditional plans that offer much lower sums at higher costs.
Complete Financial Protection
The death benefit ensures your family can maintain their lifestyle, pay off debts, and fund future goals even in your absence.
Critical Illness Cover
Optional riders provide lump sum payouts for diagnosis of specified critical illnesses like cancer or heart attack.
Accidental Death Benefit
Additional payout (usually 2x sum assured) if death occurs due to an accident, providing extra security.
Better Than Investment Plans
Term insurance + separate investments typically outperform bundled products like ULIPs with lower costs and better returns.
Frequently Asked Questions
Term insurance is a pure life cover that provides financial protection to your family in case of your untimely demise during the policy term. If the policyholder passes away during the term, the nominee receives the sum assured. If the policyholder survives the term, no maturity benefit is paid (except in Return of Premium plans).
Term insurance offers significantly higher coverage (10-20x) at much lower premiums compared to traditional endowment or money-back plans. For example, a ₹1 Crore term plan might cost ₹12,000/year, while a traditional plan with same coverage could cost ₹1,00,000/year. The savings can be invested separately for better returns.
ROP plans return all premiums paid if you survive the policy term. While attractive, these cost 2-3x more than regular term plans. For example, a regular ₹1 Crore plan might cost ₹1,200/month, while an ROP version could cost ₹3,000/month. The extra premium could potentially grow much more if invested separately.
ULIPs combine insurance and investment but have high charges (up to 3% annually) and limited flexibility. A term plan + separate mutual funds typically offers:
- Lower costs (term plans are cheaper, MF expense ratios are 0.5-1.5%)
- Better investment options and control
- Higher transparency
- Flexibility to change investments without affecting insurance
At Neeti Money, we provide personalized assistance to help you choose the perfect term insurance plan:
- We analyze your financial situation, liabilities, and future goals to determine the right coverage amount
- Compare plans from all major insurers to find the best match for your needs and budget
- Explain complex insurance terms in simple language
- Guide you through the application and medical test process
- Provide ongoing support for policy servicing and claims assistance
Our expertise ensures you get comprehensive protection at the most competitive rates. Learn more about how we can help you.
Disclaimer: We are empaneled as POSP (Point of Sales Person) with Policybazaar (IRDAI Registration No: IP321139). The information provided is for general awareness and does not constitute financial advice. Please consult with a financial advisor before making any insurance decisions.