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KNOW THE plan

Key Highlights

Why Term Insurance

get a quote

CLAIMS SIMPLIFIED

KNOW THE plan

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 per day.

    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 cess.

  • 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.

    Sum Assured
  • Special discounts for women

    We have special discount for women, wherein the premium is lower than that offered to men.

  • Tax benefits

    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.

Download brochure

*For all users up to the age of 35 years

Key Highlights

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 for you.

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)

  • Life cover

    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

  • Policy Term

    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 10 years

  • Premium Payment Frequency

    Annual

     

  • 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:

  1. Life cover as chosen by you
  2. 105% of all the premium paid till the date of death
  3. 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

  1. Choose your life cover amount and calculate premium
  2. Fill in the details in your application and pay your premium online within minutes
  3. Fix up time for medical tests and upload the required documents
Buy Online Now

Why Term Insurance

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:

  • Daily
    household expenses

  • School and college
    education of children

  • Liabilities like
    housing loans

  • Medical expenses
    and emergencies

  • Parents who are
    financially dependent
    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!

Buy Online Now

get a quote

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 Term Plan:

Get the quote Get the quote

Premiums are exclusive of service tax. Service tax and education cess will be charged as the prevailing tax laws.

Click Here to find your right life cover and premium amount.

CLAIMS SIMPLIFIED

We understand that your biggest concern is “Will my nominee get the claim in my absence?”
Rest assured.

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.

Buy Online Now to protect your family from uncertainties.

8 Days Claim Guarantee 8 Days Claim Guarantee

For terms & conditions, click here

People's speak:

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- Sanjay K Deshmukh