Best Life Insurance in Andhra Pradesh

PolicyBachat helps you for selecting the best term life insurance quotes in Andhra Pradesh and we at PolicyBachat strive to bring impartial comparisons of different life insurance companies at the time of comparing life insurance quotes in Andhra Pradesh. Read More

Term life insurance is a type of life insurance and where the insured person covers himself/herself for a specific period of time if something happens to the insured person within the specific period of time and if the term life insurance policy is inactive and death benefits passed onto the nominee mentioned in the policy.

Best Term Life Insurance in Andhra Pradesh

It is necessary of life insurance during the coronavirus pandemic because the COVID-19 pandemic brought about many uncertainties in the life of the common person so that anything is needed badly in this situation i.e., the term life insurance policy. Term life insurance policy helps to reduce the risk of financial difficulties which would be faced by the families in case of the sudden death of the policyholder. So the person who has responsibilities for his family is must need life insurance.

Brief Explanation About the Term Life Insurance

Term life insurance is well-suited for people who temporarily need specific amounts of life insurance and term life insurance can be paid online and policy can be issued without any physical presence of the customer.

The premium paid for term life insurance policy is calculated based on the term selected by the customer and it can be paid in installments or at one time depending on the comfort of the applicant and the premium paid for term life insurance policy is based on age, gender, and health and life expectancy. If the person insured policy at an early age can get less amount of premium.

Term life insurance can be taken for a pre-defined term or for whole life i.e. till the death of the policyholder depending on the risk appetite of the applicant. The term insurance policy in Andhra Pradesh, government life insurance settles the claim in case of the death of the policyholder.

The claim amount will be paid to the nominee mentioned in the policy copy. No maturity benefit will be paid to the policyholder if he/she survives till the end of the policy period in pure term insurance policies. Whole life term insurance policies do not have any fixed term and provide coverage till the death of the policyholder.

Cheap Term Life Insurance Quotes in Andhra Pradesh

Andhra Pradesh is one of the big states in India with a higher percentage of population and there are many accidents and death happening because of refusal to follow traffic rules, drunken driving, over speeding and reckless driving on the highways and also the Death rate in Andhra Pradesh has increased due to the pandemic and this has caused an upward increase the number of death in Andhra Pradesh State.

Cheap term Life Insurance Plans in Andhra Pradesh can be sorted from our online portal for cheap term life insurance plans where the basic process is to fill the details of the applicant for quote generation. Cheap term insurance plans in Andhra Pradesh don’t include any extra coverage in the form of add-ons such as Waiver of premium, Accidental disability etc.

The cheap term life insurance quotes in Andhra Pradesh are calculated for a 29 year old Male, with no Tobacco habit, annual income of 10 Lakhs and Salaried individual. Premium payment mode is Monthly and the Sum assured is 2 Crores, Payment term is up to retirement (65 years). Here are some cheap term life insurance plans in Andhra Pradesh.

Cheapest Company Plan Name Premium per month Extra Benefits
ICICI Prudential iProtectSmart-Life Rs.2,607 Waiver of premium on Accidental disability & Early claim on terminal illness
TATA AIA Sampoorna Raksha Supreme Rs.2,563 NIL
PNB Met life Mera Term Plan Plus Rs.2,656 NIL
HDFC Life Life Protect Rs.2,862 NIL
Canara HSBC OBC I Select Star Rs.2,878 NIL
AEGON Life iTerm (Life Protect) Rs.3,830 NIL

*Premiums given are for illustration purposes only* Please refer to the website for the exact premium.

Best Term Life Insurance Quotes in Andhra Pradesh based on Coverage

Best term life insurance plans in Andhra Pradesh can be sorted from our online portal Life Insurance for best term life insurance plans where the basic process is to fill the details of the applicant for quote generation. Best term insurance plans in Andhra Pradesh include extra coverage in the form of add-ons such as Waiver of premium; Accidental disability etc.

The best term life insurance quotes in Andhra Pradesh are calculated for a 29-year-old Male, with no Tobacco habit, annual income of 10 Lakhs and Salaried individual. Premium payment mode is Monthly and the Sum assured is 2 Crores, Payment term is up to retirement (65 years) based on the extra coverage in the form of add-on or riders. Here are some best term life insurance plans in Andhra Pradesh based on coverage.

Cheapest Companies Premium per month Coverage
ICICI Prudential Rs.2,472 Waiver of premium, Accidental death benefit & Critical Illness
PNB Met Life Rs.2,781 Waiver of premium
CANARA HSBC OBC Rs.3,055 Accidental death benefit
TATA AIA Rs.3,065 Accidental death benefit & Critical illness
AEGON Life Rs.3,994 Accidental death benefit
HDFC Life Rs.4,585 Waiver of premium, Accidental death benefit & Critical Illness

*Premiums given are for illustration purposes only* Please refer to the website for the exact premium.

Note: Before buying the policy please read terms and conditions of life insurance Company limited. And beware of spurious phone calls and fictitious offers. Insurance Regulatory and Development Authority of India IRDAI is not involved in activities like selling insurance policies announcing bonus or investment of premiums public receiving such phone calls are requested to lodge a police complaint.

FAQ’s- Life Insurance in Andhra Pradesh

  • How to renew my life insurance policy in Andhra Pradesh?

    Life insurance renewal has never been simple as it is now. With the advent of technology, the life insurance renewal process is simple. You can renew your life insurance policy in Andhra Pradesh online without worrying about the need to go to the insurance company office to pay the premium.

    To renew your life insurance policy online please contact our agent who can assist you in the renewal process. Insurance companies send a payment link to the customer to renew the life insurance policy; once the payment is made renewal intimation will be sent to the customer.

  • What is the maximum cover in Andhra Pradesh I can get without going for physical medicals?

    The maximum cover that one can get without going for medicals varies from one insurance company to another. For instance company X might offer Rs.10Lacs coverage without any medicals which some insurance companies offer only Rs.5 Lakhs without any medicals.

    Now-a-days most of insurance companies are conducting tele medicals to ascertain the health condition of the applicants. So the maximum cover one can get without physical medicals would be 1-2 Crores depending on the income of the applicant and the previous health conditions.

  • What is grace period in term life insurance policy?

    Grace period is the time in which the policy would remain inactive till the time premium payment is done and claims would be made only after the clearance of pending premium payments. Generally, the grace period in life insurance policies is 15 to 30 days, during this period the customer can renew the life insurance policy.

    If the premium payment is not made within the grace period, the policy would lapse. Therefore it is essential to make the payment before the expiry of the policy or during the grace period. The grace period starts from the due date of renewal.

  • What is PolicyBachat and how does it help with my life insurance policy purchase in Andhra Pradesh?

    PolicyBachat is an online insurance web aggregator which helps in selecting the best insurance policy in Andhra Pradesh for its customers based on the customer’s requirements. We at PolicyBachat provide the customer with wide range of options to select from.

    The best life insurance policy in Andhra Pradesh can be selected online from our portal PolicyBachat. We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.

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