Secure Your Family's Future with Term Insurance
Term insurance provides financial protection for your loved ones in your absence. With affordable premiums and high coverage, it ensures long-term security. Explore our plans to find the right fit for your needs.
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Understanding Term Insurance Riders
Riders are optional add-ons that enhance your term insurance policy by providing additional benefits in specific situations. Here's a detailed look at common riders:
Income Benefit Rider
Provides a fixed monthly income to the nominee for a set period after the policyholder's passing, ensuring financial stability.
Critical Illness Rider
Pays a lump sum if diagnosed with a covered critical illness like cancer, heart disease, or kidney failure.
Waiver of Premium Rider
Ensures the policy remains active without future premium payments if the policyholder becomes critically ill.
Accidental Death Benefit Rider
Provides an extra payout if the policyholder passes away due to an accident.
Factors That Influence Your Term Insurance Premium
Your term insurance premium is based on several key factors. Understanding these can help you choose the best coverage at the right cost.
Age
Younger applicants get lower premiums, as risk increases with age.
Medical History
Pre-existing conditions or chronic illnesses can raise premiums.
Lifestyle Choices
Smoking, drinking, and high-risk activities may lead to higher costs.
Coverage Amount
Higher sum assured means greater protection but also a higher premium.
Policy Tenure
Longer policy durations may offer better value but can impact premiums.
Occupation
High-risk jobs (e.g., aviation, construction) may lead to increased rates.