Where living a safe and secured life is a point of concern, buying a suitable insurance policy gives you a chance to live longer. Term insurance being one of the oldest insurance schemes available online in India; it is now commonly applied for by millions. The iTerm Plan comes with improved features as compared to its previous schemes. No doubt it has gained so much appreciation as soon as it was introduced. The latest scheme offers a unique illness cover with a policy term with an age limit of 75. With features like special critical illness for women and single premium schemes, the plan offers a lot.
Key features to know before applying for the iTerm Insurance
- The iTerm plan comes with a built-in coverage for terminal illness
- The policy term can be as long as up to 75 years of age
- Accident death benefits, women critical illness and waiver of premiums are the 3 rider options
- Applying for the iTerm plan from online sources is easy with a hassle-free process
So many merits to think about
- Death benefits- In India many car and bike drivers are facing unfortunate accident deaths. People consider iTerm as a suitable life securing option. In an unfortunate incident of death of policy holder, assured amount is received by the policy nominee.
-Terminal illness- many residents in India suffer from terminal illness issues and have to bare constant treatment expenses. With terminal illness situation, the medical condition becomes incurable or uncorrectable. This is one of the reasons of imbalance in the personal finances. 25% of the treatment charges are paid to the policy holder if he/she is diagnosed positively with terminal illness.
-Income Tax Benefits- Premiums up to Rs.1, 00,000 paid under Life Insurance are eligible to be deducted from taxable income as per section 80c.
-Accidental death benefit- under the accidental death rider, the nominee receives certain decided amount of cash if the policy holder dies due to accident.
-Premiums on any critical illness benefits- if critical illnesses like Cancer, Stroke, Coronary Artery Bypass Surgery, or Heart Attack is diagnosed, the policy holder is eligible to wipe-off all future premiums.
-Women critical illness merits- specifically designed for the women, if the policy holder is diagnosed with critical illnesses like cancer, pregnancy complications, or congenital anomalies, expenses between 2.5% and 5% can be covered depending on the age.
Applying for online Term Insurance Plans like that of iTerm Insurance is made simple with easy to understand form-filling procedures. It is an amazing policy to receive adequate insurance for self and for your loved ones. A simple term plan that requires no monotonous paper work is available online. It offers a feeling of comfort and peace of mind for the policy holders. With 3 riders available with iTerm insurance plan, the choice is yours!