Term Insurance
Term insurance is the foundation of a sound financial plan. For a relatively small, fixed premium you secure a large sum assured that protects your family’s lifestyle, repays loans and keeps long-term goals on track in your absence. Because it is pure protection with no investment component, the cost stays low — making it the most efficient way to buy a high cover.
Who it’s for
- Earning members whose income their family depends on
- Anyone with a home loan, business loan or other liabilities
- Parents who want to protect children’s education & lifestyle
- Young professionals locking in a low premium early
Quick reference
- Primary goal
- Income protection
- Horizon
- Until financial independence of dependants
- Risk profile
- No market risk
- Life cover
- Very high
- Payout
- Lump sum / monthly income on claim
- Tax treatment
- As per prevailing tax law
Key benefits
High cover, low premium
A large sum assured for a comparatively small, level premium — ideal for replacing years of lost income.
Income replacement for your family
Choose a lump sum, a regular monthly income, or a mix — so dependants can meet day-to-day expenses.
Optional riders
Add protection such as critical illness, accidental death or waiver of premium, subject to availability and terms.
Tax-friendly
Premiums and benefits may enjoy tax treatment under prevailing law — always confirm current provisions.
Key features
- Level premium that does not increase with age once issued
- Flexible policy terms to align with your working years
- Option to increase cover at key life stages (subject to terms)
- Lump-sum, staggered, or monthly-income payout options
- Add-on riders for illness, disability and accidental cover
Term Insurance — your questions, answered
A common starting point is 10–15× your annual income, plus outstanding loans and future goals, minus existing cover and liquid assets. Use the Life Cover Estimator for a personalised, indicative figure and then validate it together.
Explore other solutions
Is Term Insurance right for you?
Let’s check it against your full picture — honestly, and at your pace. The first conversation is free.
This website is an informational and lead-generation platform. Insurance products are offered subject to eligibility and applicable terms & conditions. Please read the relevant policy brochure / prospectus and verify suitability before purchase. Tax benefits are subject to prevailing tax laws and may change.