Term Insurance

Term insurance is one of the simplest and most sought-after life insurance policies. It is a life insurance policy that provides financial safety to your beneficiary if you as the insured expire during the active term of the policy. An assured amount is paid to your beneficiary in this case. You can also choose between payout options like a lump sum, lump sum plus annuity, or annuity. Most people depend on the life cover provided by their employer. It isn’t adequate, both in terms of the cover and duration. The cover amount is minimal and ends when you move on to another company. What you need is the best term plan whose benefits last for a lifetime and beyond. A comprehensive term insurance plan goes a long way in ensuring financial protection for your family. IDFC FIRST Bank brings you some of the best term insurance plans from five of the leading life insurance companies in the Industry – ICICI Prudential, HDFC Life, Bajaj Allianz, TATA AIA and Aditya Birla Sunlife.

You can access our Protection Planning Tool (use the right name) to help you select the right amount of life cover you will need.