Term Life Insurance Price List In Chennai 2025

Term insurance is an agreement between the insurance company and the customer; the insurance company agrees to pay the sum assured amount as a claim to the nominee in case of death of the policyholder in return for a nominal amount known as “Premium”. The best term Life Insurance quotes in Chennai can be found online. Term life insurance premiums can be paid online 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. We at PolicyBachat strive to bring unbiased comparisons of different life insurance companies at the time of comparing life insurance quotes.

The pandemic has brought 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 the sudden death of the policyholder. Term life insurance can be taken for a pre-defined term or for the whole life i.e. till the death of the policyholder depending on the risk appetite of the applicant. Term insurance policy in Chennai 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 policyholder. Premium payment in the case of term life insurance policies can be done in 3 ways; Limited Period payment, Single premium payment, and Policy term premium payment. The mode of premium payment can be Monthly, Quarterly, half-yearly or annually depending on the financial planning of the customer.

Compare Cheap Term Insurance Quotes in Chennai

Chennai is one of the most congested cities in India with a higher percentage of people living in the Metro region and many accidents and death are happening on the highways and on 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 Chennai has increased due to the pandemic and this has caused an upward increase in the number of deaths in Chennai city.

Cheap term Life Insurance Plans in Chennai can be sorted from our online portal where the basic process is to fill in the details of the applicant for quote generation. Cheap term insurance plans in Chennai 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 Chennai are calculated for a 29-year-old Male, with no Tobacco habit, an annual income of 10Lacs and a Salaried individual. The premium payment mode is Monthly and the Sum assured is 2 Crores, Payment term is up to retirement (65 years).

Cheap-term life insurance plans are shown as per the data received from the insurance companies without any bias. The cheap term life insurance plans are the basic term insurance plans without any extra coverage in the form of Critical illness or Accidental death benefit.

Among the above cheap term insurance plans ICICI Prudential has a cheap premium with extra coverage in the form of a Waiver of premium on accidental disability and early claim in case of terminal illness. Early claim in case of terminal illness indicates the payment of the claim by the insurance company due to any terminal illness and before the death of the policyholder.

In terminal illness cover a part of the sum assured under the term life insurance policy would be paid to the policyholder if he/she is diagnosed with any of the terminal illnesses. Terminal illness is an illness where the chance of survival is very slim and the policyholder may expire within 1 year period of time due to the terminal illness.

Best Term Insurance Quotes in Chennai based on Coverage

Best term life insurance plans in Chennai can be sorted From Our Online Portal where the basic process is to fill in the details of the applicant for quote generation. Best-term insurance plans in Chennai include extra coverage in the form of add-ons such as Waiver of premium, Accidental disability etc.

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

Best-term life insurance quotes based on the coverage offered by the insurance companies are mentioned above where we can observe that the ICICI Prudential is leading the table with less premium and extra coverage which is offered to the customer. The extra coverage is offered in the form of a Waiver of premium in case of critical illness or accidental disability and accidental death is covered for an extra sum assured.

Critical illnesses such as Cancer, Lung diseases, Heart disease and others require high-end treatments and the cost of treatment is very high. Any person contracted with critical illness has a slim chance of survival as most of these illnesses are discovered at the last stage. Critical illness cover in your term life insurance policy pays the sum assured amount on diagnosis with any of the critical illnesses mentioned in the policy copy.

Best Term Insurance Quotes in Chennai based on Issuance Time

Best-term insurance plans in Chennai based on the policy issuance time are shown in the below table. The best term life insurance quotes in Chennai are calculated for a 29-year-old Male, with no Tobacco habit, an annual income of 10Lacs and a Salaried individual. Premium payment mode is Monthly and the Sum assured is 2 Crores, the Payment term is up to retirement (65 years) based on the extra coverage in the form of add-ons or riders.