We are here at Policybachat, to compare and buy best term life insurance plans in West Bengal. We strive to bring impartial comparisons of different life insurance companies at the time of comparing life insurance quotes in West Bengal.
West Bengal is one of the major states in India. It is fourth largest state by population and there are many accidents and deaths happening on the highways and in the internal roads due to the movement of heavy vehicles, over speed etc.
The death rate has increased day by day due to the pandemic. So, 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 can be paid through 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 applicant and it can be paid in instalments or in lump sum depending on the comfort of the customer.
Term insurance Policy Company in West Bengal state government 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 West Bengal
Cheap term Life Insurance Plans in West Bengal can be sorted from our Online Portal go through this link 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 West Bengal 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 West Bengal 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).
| 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 West Bengal based on Coverage
Best term life insurance plans in West Bengal can be sorted from our online portal go through this link 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 West Bengal include extra coverage in the form of add-ons such as Waiver of premium; Accidental disability, tax benefits etc.
The best term life insurance quotes in West Bengal 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.
| 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 calls and fictitious offers. They are offering fake tax saving benefits. 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 West Bengal
- How to renew my life insurance policy?
You can renew your life insurance policy in West Bengal online without worrying about the need to go to insurance registered office to pay the premium.
To renew your life insurance policy online please contact our agent who can assist you in 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 West Bengal?
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 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 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 West Bengal?
Policybachat is an online insurance web aggregator which helps in selecting the best insurance policy in West Bengal for its customers based on the customer’s requirements. We at Policybachat provide the customer with wide range of options to select from.
In West Bengal, india life insurance can be selected online from PolicyBachat.We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.