When we started, we had a vision. A vision to make the life insurance buying experience
simple and friendly. All this, while offering you a product that is extremely affordable.
iSurance presents IDBI Federal iSurance Online
Term Insurance Plan (hereafter, referred to as iSurance Online Term Plan). This
simple, comprehensive and affordable life insurance plan is the kind of insurance
we’d want for ourselves..
Here is why iSurance Online Term Plan is a simple,
and an affordable life insurance plan.
Big Cover, Small Premium
Get 1 crore lumpsum life cover at premiums as low as ` 15
Note:The above quote is for a healthy 30 year old male, non-tobacco
user for a term period of 20 years. Premiums are exclusive of service tax and education
Accidental Death Benefit
In addition to the life cover, you can choose the Accidental Death Benefit option.
With this, your family will receive an additional payout in case of death due to
accident during the policy term.
Hassle-free online buying
iSurance Online Term Plan can be purchased online at a time and place convenient
to you. It is simple, quick and available 24x7.
Medical test at your doorstep*
Our team of medical experts will come to your home for your medical test, at a date
and time convenient to you.
Discounts for high sum assured
For those who opt for a sum assured of ` 75 lacs and above,
we have a special discount.
Special discounts for women
We have special discount for women, wherein the premium is lower than that offered
Tax benefits under section 80C and 10 (10D) are applicable as per provisions of
the Income Tax Act, 1961. You are advised to consult your tax advisor for details.
Please note that tax laws may change from time to time.
Click here to find your
correct life cover and premium amount. If you have more queries, read our FAQ’s
section in the product brochure.
*For all users up to the age of 35 years
At iSurance, we believe in easing your worries. That's why, we have simplified the
plan details. You can now easily assess if iSurance Online Term Plan is suitable
Here is a quick way to find out
- This plan is available in select cities, please click here for details
Age at Entry
Minimum: 18 years (as of last birthday)
Maximum: 50 years (as of last birthday)
Minimum: ` 50 lacs
Maximum: ` 30 crs
We assess your health and financial profile before we offer the life cover
Accidental Death Benefit (ADB)
Maximum: ` 2 crs
The premium for ADB can be a maximum of 30% of the premium for life cover, and
the maximum ADB cover is equal to the Life cover
Cover your life up to the age of 75 years and be worry free.
Minimum policy term: 10 years
Maximum policy term: 25 years
Premium Payment Term
It is the same as your policy term.
For instance, for a policy term of 10 years, you will need to pay the premium for
Premium Payment Frequency
Annual income criteria
Rs 5 lacs for entry age 18-30 years
Rs 7.5 lacs for entry age 31 years and above
In case of your unfortunate death during the policy term we will pay your beneficiary
the highest of the 3 amounts given below:
- Life cover as chosen by you
- 105% of all the premium paid till the date of death
- 10 times the annual premium (if you are less than 45 years) or 7 times the annual
premium (if you are 45 years or above)
3 easy steps to buy
- Choose your life cover amount and calculate premium
- Fill in the details in your application and pay your premium online within minutes
- Fix up time for medical tests and upload the required documents
We have made your Term Insurance simple, friendly & affordable.
Term insurance is the simplest form of life insurance. It is designed as a protection
tool. The premium you pay provides you with life cover. Term insurance ensures that
your family is financially secure when you are not around.
Why people buy Term Insurance?:
Term insurance is useful if you want your family to be financially independent in
your absence, to take care of:
School and college
education of children
Parents who are
family business.. and such
similar financial expenses.
Now that you have understood the importance of a Term plan, we‘re here to help you
take the next step. Answer a few simple questions and you will get a quote, and
you will also be able to buy your Term plan then and there!
When we say affordable, we truly mean it! Because our only objective is to secure
the most precious thing in your life - the smiles of your loved ones. With iSurance
Online Term Plan, you don’t have to worry about how much premium you’d have to pay.
Let’s just say it’s an amount that will fit your budget.
Here is an example to help you understand the premium for the iSurance Online
Premiums are exclusive of service tax. Service tax and education cess will be charged
as the prevailing tax laws.
to find your right life cover and premium amount.
We understand that your biggest concern is “Will my nominee get
the claim in my absence?”
Providing a quick, simple and hassle free claims service is our top priority. Hence, we give 8 day claim guarantee. Which means,
if your claims are not settled in 8 days, we will pay 8% p.a. interest to the beneficiary
For iSurance, fulfilling a claim is more than just a financial obligation. It is
an opportunity for us to repay your faith in us.
Our claims philosophy is to honour every genuine claim and ensure that the claims
experience is simple, quick and transparent. We will assist your nominee and provide
regular updates on the claim status at every stage.
You can further create a foolproof system by buying your policy under the Married
Women’s Property Act, 1874. With this, you can ensure that the claim
amount is paid only to your wife and/ or your children. No person can ask for a
share in this benefit, if you choose to buy this plan under the Married Women’s
Property Act, 1874.
Online Now to protect your family from uncertainties.