iSurance Flexi Term: Lump Sum + Fixed Monthly Income Benefit

Long-term investment decisions require skills. If your nominee might need help, this policy is perfect. In case of your unfortunate death, it pays a lump sum to help them pay off sudden and unexpected expenses such as credit card bills, EMIs on loans, and school fees. When their finances are more stable, it offers a fixed monthly income to help manage regular expenses.

  • Pays out 10% of your life cover to your nominee immediately as a lump sum, and provides your nominee with a fixed monthly income, for 15 years to maintain their lifestyle.
  • The value of the monthly income paid out will be equal to 0.5% of your life cover. The total cumulative benefit your nominee receives is 100% of your life cover
  1. Can be bought by individuals between 18 and 60 years of age. The maximum policy term is 62 years and protects you until you turn 80 years old. You can choose to buy a term insurance cover from Rs.50 lakh, right up to Rs.30 crores
  2. Pays out 10% of your life cover to your nominee immediately as a lump sum, and provides your nominee with a fixed monthly income, for 15 years to maintain their lifestyle.
  3. The value of the monthly income paid out will be equal to 0.5% of your life cover. The total cumulative benefit your nominee receives is 100% of your life cover.
  4. Example: If your life cover is worth Rs.1 crore, your nominee will receive a lump sum payment of Rs.10 lacs and Rs.50,000 as the monthly income, for the next 15 years.
  5. Your nominee can choose to receive the monthly income benefit as a lump sum through a simple declaration.
  6. At a nominal additional cost, you can take an additional Accidental Death Benefit to cover yourself
  7. How much cover do you need? Use our calculator to calculate how much cover you'll need to protect your family's financial future.
  8. Your online term insurance policy can serve as collateral for loans
  9. As per the Married Women's Property Act 1874, this policy is considered as a separate trust, and your wife can be your beneficiary. In the case of a death claim, the policy proceeds are received by the trust directly. Hence, the welfare of your wife and children is protected with utmost care.
  1. You can buy this online term policy though our website with just a few clicks:
  2. Get your customized quote ()
  3. Fill in your details; pay your first premium online and submit your documents online.
  4. Schedule the medical test at home or at a clinic
  5. You can pay annually, bi-annually, quarterly, or even monthly.
  6. iSurance delivers most insurance policies in 12 days.

If your life cover is worth Rs.1 crore, your nominee will receive a lump sum payment of Rs.10 lacs and Rs. 50,000 as the monthly income for the next 15 years.

Fixed Monthly Benefit

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