How to Buy

An ADB rider adds an extra payout to your term plan if you die in an accident. Here is how it works, what it excludes, what it costs across LIC, SBI Life, and ICICI Prudential, and whether it is worth adding to your policy.

Online, agent, bank, or broker? Online is cheapest (up to 40% lower premiums) but each channel has trade-offs. We compare all four on cost, service, and claims.

The waiver of premium rider keeps your term policy alive if you become disabled or critically ill. At 1,000 to 5,000 per year, it costs less than most riders. Here’s when it’s worth adding and when you can skip it.

Controlled hypertension below 140/90 mmHg is routinely accepted for term insurance with 25-100% premium loading. Learn what insurers check, which medications affect underwriting, and how to prepare for your application.

Type 2 diabetics with HbA1c below 7% can get term insurance with 25-50% premium loading. This guide covers insurer-specific HbA1c thresholds, required medical tests, and five strategies to reduce your loaded premium.

Pre-existing conditions don’t automatically disqualify you from term insurance. Learn how underwriting works for diabetes, hypertension, thyroid disorders, and other conditions, plus strategies to get accepted at lower premiums.

Buying insurance is not just about picking the right sum assured or term. One small but important decision is how often you will pay premiums. Annual and monthly modes look similar on the surface, yet the choice has long-term cost and convenience implications. For many Indian policyholders, the difference can mean thousands of rupees over the policy’s … Read more

In a market full of term insurance products with riders, return-of-premium options, increasing cover variants, and bundled investment features, the simplest product is also the most effective: plain vanilla term insurance, also called a pure term insurance plan. No frills, no maturity benefit, no investment component. Just a death benefit paid to your nominee if … Read more

There is a persistent belief in Indian personal finance circles that the earlier you buy term insurance, the better. And in many cases, that is true: premiums are lower when you are young and healthy. But “earlier is always better” is an oversimplification that ignores a basic principle: term insurance exists to protect financial dependents. … Read more

When selecting an insurance provider, many consumers rely heavily on the claim settlement ratio (CSR) as a primary indicator of reliability. While a high CSR suggests an insurer settles a significant number of claims, it doesn’t necessarily reflect the quality or fairness of those settlements. Understanding the limitations of CSR is important for making an informed choice.  TL;DR  CSR … Read more

Low premiums in term insurance can mean weaker coverage, poor claim settlement, or a less stable insurer. Here’s what to check before you buy on price alone.

Buying term insurance as a salaried employee is straightforward: show your Form-16, salary slips, and you are done. For freelancers, the process is entirely different. Insurers do not know how much you earn, how stable your income is, or whether you can sustain premium payments for 20-30 years. That is where your financial documents come … Read more

Household budgets are no longer predictable. Prices for food, rent, fuel, and education often rise faster than salaries. If you calculate insurance or emergency cover based only on today’s costs, you may fall short when expenses climb. Learning how to factor in rising and unstable expenses is necessary to avoid being under-insured.  Cheat sheet Expenses … Read more

Buying term insurance is easy. Knowing how much cover you actually need, however, is the tricky part. A ₹25 lakh term insurance plan may feel like a lot today, but will it still protect your family 15 years later when EMIs, school fees, and inflation rise? On the other hand, overshooting with a massive cover may mean premiums that strain … Read more

You’ve decided to buy term insurance. You know it’s affordable, pure protection, and smarter than mixing insurance with investment. But when you finally open that premium calculator, one big question hits you: how much premium is right for me?  Too low, and you risk being underinsured. Too high, and you may struggle to keep the policy alive for decades. … Read more

Despite the surge in online policy purchases, a significant portion of Indian families still rely on the traditional offline route for buying term insurance. According to IRDAI’s 2024 annual report, nearly 45% of life insurance premiums were still sourced through offline channels such as agents, bancassurance, and branch visits. This preference exists because many buyers value face-to-face interaction, guidance, and handholding in … Read more

Term insurance is one of the most cost-effective ways to secure your family’s financial future, yet many buyers struggle at the very first step: getting a quote. In India, insurers and online aggregators provide quotes instantly, but few understand how these quotes are calculated, what factors influence them, and why two insurers may offer very different premiums for … Read more

In the last decade, the way Indians purchase insurance has undergone a major shift. Buying term insurance online has become not only convenient but also cost-effective, with insurers now offering digital-first journeys. According to a report by online comparison platforms in 2024, over 70 percent of new term insurance policies are now bought online. Yet, many buyers remain unsure about the … Read more

Term insurance covers death. But real life throws more at you: cancer diagnoses, accidents that leave you disabled, periods where you can’t work or pay premiums. A base term policy doesn’t address any of that. Riders do. These optional add-ons attach to your base policy and cover specific risks at a fraction of what standalone … Read more