Life Insurance Term Plan

At Nalawade Insurance Consultants we want to work out the best options for you so that Does your Term Insurance offer Savings too?

Nalawade Insurance Consultants can customize a unique plan for you so that you get benefits of Term Insurance and receive a maturity amount.

All of us have investment plans which are supposed to take care of our future needs and we work systematically towards fulfilling them.  No matter how much we plan, there is always a big “WHAT IF” we have to think about. Term insurance is one of the most cost effective ways of ensuring you mitigate risks and prepare for uncertainties.  A term plan covers liabilities and gives financial support to near and dear ones if something was to happen to the insured

Typically, life insurance term plan has low premiums but the family of the policy holder gets the entire amount in case the policy holder passes away.  Unfortunately, most of the term insurance plans do not offer any maturity benefits or survival benefits.

At Nalawade Insurance Consultants we want to work out the best options for you so that you get the benefits of term insurance and savings in form of maturity benefits. We do this by combining multiple LIC plans to create one plan that will match your needs, budget and expectations.

What is Term Life Insurance Policy?

Term Insurance is a form a life cover which provides coverage for a specified period. In the event of the policy holder passing away during the term of the policy the nominee gets the death benefit as a lump sum amount. Term insurance plans are popular due to low premium, flexibility of buying one online or offline, provide financial security, low claim rejections and no brokerage.

LIC of India Offers Jeevan Anmol and Jeevan Amulya plans under Term Insurance.

LIC best choice for Term Insurance Premium

• LIC is governed and owned by the Government of India and therefore has the funds to settle claims irrespective of the amount.
• Only LIC policies are guaranteed by Government of India.
• LIC’s polices are meant for Indians and cover conditions in India.
• LIC‘s claim settlement ratio is higher than other brands and in fact LIC holds the world record in settlement of Claims
• In case of claims, LIC allows 3 years for early claim settlement whereas private companies allow 10 years.  LIC settlement process is naturally faster.
• LIC is a better choice in terms of classification of death and claim settlement. Private companies are mostly partnering with international brands and therefore their terms and conditions are as per the international standards. Indian lifestyle and India conditions are different and therefore not covered under the insurance for example snake bite is a common occurrence in India but not in other countries and therefore not covered by private companies. If the passenger dies in car accident and was not wearing seat belt, private companies will reject the claim whereas LIC will pass it.
• Unlike the private players, LIC allows one month grace period for payment of premium.

LIC term plans offer value for money and long term security at a premium.

Nalawade Insurance Consultants specialize in customizing insurance plans which best suit you and your family. Depending on your budget, age, milestones and requirement we will choose the most relevant features of other LIC plans and merge them into a single offering, so that you get good returns for your investments in the long term.

Call Us On +91-9561060910 / +91-9561517898 Today To Design The Term Insurance Plan Which Will Offer Your Security And Savings!