We at PolicyBachat strive to bring unbiased comparison of different life insurance companies at the time of comparing life insurance quotes. We provide services on top insurance companies like SBI life insurance, HDFC life insurance, Aegon life insurance, max life insurance etc.
The pandemic has bought many of our lives to a halt but if there is anything which is needed badly in this situation, it is none other than the term life insurance product.Term life insurance policy helps to minimize the risk of financial difficulties which would be faced by the families in case of sudden death of the policyholder.
Term life insurance premium can be paid online through credit card or debit card and the policy can be issued without any physical presence of the customer in most of the cases. The premium paid for a term insurance policy is calculated based on the term selected by the applicant. Premium can be paid in instalments or in lump sum depending on the comfort of the customer.
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. term insurance policy in Maharashtra settles the claim in case of 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 policy holder.
Cheap Term Life Insurance Quotes in Maharashtra
Maharashtra is one of the congested states in India with a higher percentage of people living in Metro region Hyderabad and there are many accidents and death happening on the highways and in the internal roads due to the movement of heavy vehicles, drunk drivers hitting pedestrians and vehicles ramming into buildings due to over speed etc. The mortality rate in Maharashtra has increased due to the pandemic and this has caused an upward increase the number of death in Maharashtra State.
Cheap term Life Insurance plans in Maharashtra can be sorted from our online portal towhere the basic process is to fill the details of the applicant for quote generation. Cheap term insurance plans in Maharashtra 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 Maharashtra are calculated for a 29 year old Male, with no Tobacco habit, annual income of 10Lacs and Salaried individual. Premium payment mode is Monthly and the Sum assured is 2 Crores, Payment term is up to retirement (65 years).
|
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 purpose only* Please refer to website for exact premium.
Best Term Life Insurance Quotes in Maharashtra based on Coverage
Best term Life Insurance Plansin Maharashtra can be sorted from our online portal where the basic process is to fill the details of the applicant for quote generation such as gender, occupation type, Annual income, date of birth, name of the applicant, Email address, bank account details, etc.
Best term insurance plans in Maharashtra include extra coverage in the form of add-ons such as Waiver of premium, Accidental disability, income tax benefits etc.
The best term life insurance quotes in Maharashtra are calculated for a 29 year old Male, with no Tobacco habit, annual income of 10Lacs 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.
|
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 purpose only* Please refer to website for exact premium.
Note: Before you buy the policy please read terms and conditions of life insurance Company limited. And beware of spurious phone call and fictitious offers. They are offering fake tax saving benefits and irdai is not involved in activities like selling insurance policies announcing bonus or investment of premiums and public receiving such phone calls are requested to lodge a police complaint
FAQ’s- Life Insurance in Maharashtra
- How to renew my life insurance policy in Maharashtra?
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 Maharashtra online without worrying about the need to go to insurance company office to pay the premium.
To renew your life insurance policy online please contact our agent who can assist you in renewal process. life 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 Maharashtra 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 Lacs without any medicals.
Now-a-days most of the 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 Crore 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 Maharashtra?
PolicyBachat is an online insurance web aggregator private limited pay/buy insurance through this online service which helps in selecting the best insurance policy in Maharashtra for its customers based on the customer’s requirements.
The best life insurance policy in Maharashtra can be selected online from Our Portal . We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.
PolicyBachat registered corporate office provides insurance products and services. The trade logo displayed above belongs to Destination Insurance Web Aggregators private limited.