Best Term Life Insurance in Puducherry

Puducherry is also known as Pondicherry one of the union territories of India. It is a unique union territory formed in 1954. It has a population of 12.48 lakhs. The death rate in Puducherry has increased due to the covid-19 pandemic and accidents happening on the highways and in the internal roads due to over-speed, drunken driving, etc.Read More

Best Term Life Insurance in Puducherry

These are the main reasons increase in the number of death in Puducherry State. So, life insurance is seriously needed in this situation. Term life insurance is a type of life insurance in which the insurance company pays the claim to the nominee of the insured in case of death of the insured. The life insurance coverage is provided for a particular period which is known as the “term”.

It is essential for life insurance during the coronavirus pandemic because the COVID-19 pandemic brought about many uncertainties in the life of the common person. 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 on his family is must need life insurance.

To compare and buy the best life insurance plans in Puducherry, we at PolicyBachat, helps to provide an unbiased comparison of the best life insurance plans from different insurance companies. We are working hard to give the best life insurance plans in Puducherry to our customers in these hard times of Covid-19.

We are here to ensure that most people buy their insurance by sitting at home through our website while we do the background work to provide the best quotes from different insurance companies. We even provide health insurance, bike insurance, car insurance, and travel insurance along with life insurance.

The premium to be paid for the term life insurance policy is calculated based on the term selected by the customer and it can be paid in instalments or a lump sum. The claim amount will be paid to the nominee mentioned in the policy copy in case of the sudden death of an insured.

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.

Term life insurance policy gives financial security to the family of the policyholder. The premium paid by the customer is depending on age, life expectancy, and health, and gender. For the person who has been insured at an early age, the premium he has to pay is low. Term life insurance can be taken for a pre-defined term or whole life i.e. till the death of the policyholder depending on the mortal risk appetite of the applicant.

Cheap Term Life Insurance Quotes in Puducherry

Cheap term life insurance plans in Puducherry can be sorted from our online portal where the basic process is to fill in the details of the applicant for quote generation such as gender, occupation type, monthly income, date of birth, name of the applicant, Email address, bank account details, etc.

Cheap term insurance plans in Puducherry 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 Puducherry are calculated for a 29-year-old Male, with no Tobacco habit, an annual income of 10 Lakhs, and a Salaried individual. Premium payment mode is Monthly and the Sum assured is 2Crores, Payment term is up to retirement (65 years).

Cheapest Companies 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 Puducherry based on Coverage

The best term insurance plan is the one that offers high coverage at a reasonable premium. Best term life insurance plans in Puducherry are analyzed based on the data provided by the insurance companies.

Before buying the best term life insurance plans read terms and conditions thoroughly. It is advisable to talk to our experts regarding your requirements which help them in guiding you to pick the best term insurance plan in Puducherry.

The best life insurance depends on the coverage/sum insured and benefits opted along with the excellent claim settlement ratio of the insurance provider. Based on these factors we are worked with top life insurance companies like IFFCO TOKIO, HDFC Life insurance, AEGON Life Insurance, Future Generali Life Insurance, TATA AIA, etc. These life insurance companies provide wide coverage to the customers.

Best Term Life Insurance Plans in Puducherry can be sorted from our online portal where the basic process is to fill in the details of the applicant for quote generation such as gender, occupation type, Annual income, date of birth, name of the applicant, Email address, etc.

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

Company 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
SBI Life Rs.4,590 Accidental death benefit

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

Note: Before buying the policy please read the terms and conditions of life insurance Company limited. And beware of spurious phone calls and fictitious offers. IRDAI is do not participated in part of activities like selling insurance policies announcing bonuses or investment of premiums and the public getting that type of phone calls are requested to file a police report.

FAQ’s- Life Insurance in Puducherry

  • How to renew my life insurance policy?
  • You can renew your life insurance policy in Puducherry online without worrying about the need to go to the policy registered 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 coverage in Puducherry?
  • 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.

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

  • What is the grace period in a 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 products 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 Puducherry?
  • PolicyBachat is an online insurance web aggregator which helps in selecting the best insurance policy in Puducherry for its customers based on the customer’s requirements. We at PolicyBachat India services provide the customer with a wide range of options to select from.

    The best life insurance policy in Puducherry can be selected online from our portal. We even assist our customers in selecting the best life insurance, health insurance, car insurance policies based on the requirements of the customer.

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