iSurance Flexi Term: Lump Sum + Increasing Monthly Income Benefit

Your nominee need not worry about rising costs if you choose this option. In case of your unfortunate death, this option pays out the death sum assured as a monthly income to the nominee. The income increases by 7.5% every year with a compounding effect. Now your policy is as smart as you.

  • Pays out 10% of your life insurance cover to your nominee immediately on death as a lump sum, and provides your nominee with a monthly income that increases by 7.5% every year on a compounding basis for 15 years.
  • The value of the monthly income paid out will be equal to 0.5% of your life cover, and grows at 7.5% per annum for the next 14 years. The total cumulative benefit your nominee receives is 166% 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 Pays out 10% of your life insurance cover to your nominee immediately as a lump sum, and provides your nominee with a monthly income that increases by 7.5% every year on a compounding basis for 15 years.
  2. The value of the monthly income paid out will be equal to 0.5% of your life cover, and grow at 7.5% per annum for the next 14 years. The total cumulative benefit your nominee receives is 166% of your life cover.
  3. 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, which will grow at 7.5% per annum.
  4. Your nominee can choose to receive the monthly income benefit as a lumpsum through a simple declaration.
  5. At a nominal additional cost, you can take an additional Accidental Death Benefit to cover yourself
  6. How much cover do you need? Use our calculator to calculate how much cover you'll need to protect your family's financial future.
  7. Your online term insurance policy can serve as collateral for loans
  8. 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 compulsory 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, which will grow at 7.5% per annum.

Lump Sum Increasing Monthly Benefit

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