E-Term Insurance
An e-term insurance plan is a pure term life insurance plan that offers financial protection to your family in case of your death. It is similar to a regular term plan, but can only be purchased online and not through intermediaries like insurance agents or brokers.
Here are some benefits of e-term insurance plans:
- No profits or dividends
E-term plans are non-participating policies, which means you won’t receive any profits or dividends from the plan.
- Death benefit
In the event of your death, the death benefit is paid to your beneficiary.
- No maturity benefit
E-term plans only offer a death benefit, and do not provide a maturity benefit.
- Additional coverage
Some plans offer additional coverage options, such as accidental death, total and permanent disability, critical illness, and more. Kindly read the offer document carefully to understand full benefits of this type of plan.
Eligibility Criteria for term plan.
- Age proof. (Various ID documents).
- Educational Background (Graduate or above/ below graduate).
- Salary Range (decided by the underwriters of policy).
- Proof of salary in case of employment (Salary slips/ITR Filings).
- In case of self-employed, annual income is considered.
A person can visit the top companies’ website. There, one can select the eligibility calculator and gain more knowledge. Other options are:
Explore these options as per your need and choose the plan that is favorable.