Pure cover that pays a sum assured if the life assured dies during the policy term.
A term policy is the plainest contract in insurance. You pay a premium, and if the life assured dies within the term the nominee receives the sum assured. If the term ends and nothing has happened, nothing is paid back unless you have specifically bought a return-of-premium variant, which costs considerably more.
Because there is no savings component, the cover per rupee of premium is far higher than in any other life product. We place term cover with IRDAI-registered insurers, help with the medical and financial underwriting paperwork, and stay on the file for the claim — which is the part of the transaction that actually matters.
Key features
- Sum assured, term and premium payment period chosen at the outset
- Medical underwriting and financial documentation coordinated by our desk
- Riders available with most insurers — accidental death, critical illness, waiver of premium
- Nomination recorded correctly at issuance, and updated when the family changes
- Honest disclosure at proposal stage, because non-disclosure is the commonest claim rejection
- Claim intimation and documentation support for the nominee
Risk disclosure. Insurance is a subject matter of solicitation. Benefits, exclusions, waiting periods and claim outcomes are governed solely by the policy wording issued by the insurer. Pyrramid Wealth Distributors distributes this product and does not manufacture it. Nothing here is a recommendation or investment advice.