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₹6 per day!

India's smartest AI-driven term insurance advisor. Get personalised plans, instant quotes, and 100% digital buying experience — all powered by cutting-edge AI.

1,20,000+
Happy Customers
₹25L
Coverage Starting From
₹20Cr
Coverage Up To
99%
Claim Settlement Ratio

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AI analyses 200+ factors to recommend the best plan for you

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✓ IRDAI Approved✓ Bank-grade Security✓ AI-Powered Suggestions✓ 24/7 Claim Support✓ Instant Policy Issuance🎯 Get AI Quote
📋 How It Protects Your Family
1
You pay a small premium
As low as ₹300/month for ₹1Cr cover
2
Policy stays active for chosen term
10 to 40 years based on your needs
3
In case of unfortunate event
Family receives full sum assured
4
Financial security guaranteed
Loans, EMIs & lifestyle protected
LEARN THE BASICS

What is Term Insurance?

Term insurance is a life insurance plan that covers you for a fixed number of years. If you pass away during that period, your family receives a pre-decided lump sum amount - called the sum assured. If you survive the term, the policy ends and no payout is made. That is the entire deal. No investment returns, no maturity benefit, no market risk. Just a straightforward financial safety net for the people who depend on your income.

✓ Pure Protection✓ Affordable Premium✓ High Cover Amount✓ Tax Benefits✓ 100% Digital✓ AI Personalised
THE BASICS

How Term Insurance Works

A term plan is a simple agreement: you pay a fixed premium for a chosen number of years, and if you pass away during that period, your family receives the sum assured. Here is the step-by-step breakdown.

1
Buy the plan
You fill in your details, complete a health assessment, and start paying your premium. The policy is active from day one of issuance.
2
Keep paying the premium
As long as you pay your premium on time, your coverage stays in force. Miss the grace period and the policy lapses.
3
If you pass away during the term
Your nominee files a claim and receives the full sum assured. The money is paid tax-free and can be used for anything — clearing loans, daily expenses, children's education, or future goals.
4
If you outlive the policy term
The policy ends and no payout is made. This is how a pure term plan works — the low premium is possible precisely because most policyholders outlive the term.
5
If you chose Return of Premium (TROP)
You get back all the premiums you paid over the years, while the cover stayed active the entire time. The trade-off is a significantly higher premium than a standard term plan.
WHY IT MATTERS

Why Do You Need Term Insurance in 2026?

Most people in India are financially responsible for parents, a spouse, children, or all three. That responsibility does not stop when something unexpected happens — a term plan makes sure it does not have to.

📈
Medical inflation is rising fast
Healthcare costs in India are growing at 13% per year (Aon Global Medical Trend Report, 2025). Without coverage, a single critical illness can wipe out years of savings.
🏦
Loans do not disappear
If you have a home loan, a car loan, or business debt, your family inherits that burden. A term plan can cover the outstanding liability directly.
⏳
Early buyers save the most
Premiums are locked in when you buy. A 25-year-old pays significantly less than a 35-year-old for the same cover. Waiting costs money.
💼
Employer insurance is not enough
Group insurance from an employer typically covers 3 to 5 times your annual salary — rarely more than 2-3 years of your family's actual expenses.
POWERED BY AI

Meet Your AI Insurance Advisor

India's first AI-powered insurance advisor that understands your life, analyses your needs in real-time, and recommends the most suitable term plan — just like a financial expert, available 24/7.

🧠

Analyses 200+ data points to personalise your plan recommendation

⚡

Instant quote comparison across 15+ leading insurers in India

🎯

Smart coverage calculator based on HLV (Human Life Value) method

🔄

Continuous policy review reminders as your life stage changes

💬 Talk to CoverTiger AI
Veer
Veer
● Online & Ready to Help
Hi! I'm CoverTiger AI. Based on your age (32) and income (₹12L/year), I recommend a ₹1.5 Crore cover. Want to see why?
Yes! Why ₹1.5 Crore specifically?
Your home loan is ₹40L, annual expenses ₹6L, and kids' education goal ₹30L. 10x income buffer = ₹1.5Cr is the ideal cover! 🎯
That makes sense. Show me plans!
Ask CoverTiger AI anything…
WHY COVERTIGER

Why Choose CoverTiger for Term Insurance?

Plenty of platforms claim to compare insurance. What makes CoverTiger different is the intent behind the technology.

🤖
AI-Powered, Commission-Free Recommendations
Most platforms in India earn commissions of 15% to 40% of the first year's premium — so their recommendations are not purely about you. CoverTiger's AI advisor earns the same whether you pick the ₹500/month plan or the ₹2,000/month plan. It optimises for fit — your age, income, health history, liabilities, and goals — not for margin.
📊
Side-by-Side Plan Comparison
We pull real-time data on premiums, claim settlement ratios, amount settlement ratios, rider availability, and premium payment flexibility from all major insurers — on one screen, in plain language. When something matters, like a co-payment clause or exclusion, we flag it clearly instead of burying it.
⚡
Buy Online in Under 10 Minutes
Details, health declaration, payment, and policy issuance all happen on one platform, and your policy document arrives by email the same day. Need a human? Our advisors are available — without pressure to buy anything specific.
CHOOSE THE RIGHT FIT

Types of Term Insurance Plans

Not all term plans work the same way. The right type depends on what you need the money to do for your family.

Most Popular
Level Term Plan (Pure Protection)
The simplest and most common type. You choose a cover amount — say ₹1 crore — and it stays fixed for the entire policy period. Premiums are locked in at purchase and never increase. The right choice for most buyers: predictable, affordable, and does exactly what it says.
Term with Return of Premium (TROP)
If you survive the policy term, you get back all the premiums you paid — typically without interest. The cover works like a level term plan throughout. The trade-off: premiums are 2–3x higher. For disciplined investors, pure term plus investing the difference usually wins; but if 'getting nothing back' feels difficult, TROP is a reasonable middle ground.
Increasing Cover Term Plan
The sum assured grows every year — usually by 5–10% — to keep pace with inflation and growing responsibilities, while your premium stays the same. A smart option for someone buying young whose income, loans, and family size will grow. The starting premium is higher, but you avoid buying costlier top-up cover later.
Whole Life Term Plan
Covers you until age 99 or 100, rather than 60 or 65. The premium is significantly higher because the coverage period is longer. The main use case: leaving a legacy for dependents who will always need support, such as a child with a disability. For most professionals, a regular plan to age 65–70 is sufficient.
🐯

Not sure which fits your needs? Ira AI helps you choose the right health insurance plan, while Veer AI guides you to the most suitable term insurance plan — based on your age, income, liabilities, and dependents, without any sales bias.

SIMPLE PROCESS

How Term Insurance Plan Works

From getting your AI quote to receiving your policy — 100% online in under 10 minutes.

📋1
Share Your Details
Answer a few questions about your age, income, health, and dependents. Veer AI uses this to build your profile.
🤖2
Veer AI Recommends Plans
Veer AI recommends the top 2-3 term plans that match your profile, ranked by claim settlement ratio and features - not commission.
📊3
Compare Plans Side by Side
Compare term plans side by side. Click into any plan to see exactly what is covered, what riders are available, and what the premium looks like.
💳4
Choose and Pay Online
Choose your plan, upload documents, complete the health questionnaire, and pay your first premium - all online.
🎉5
Policy Issued Digitally
Your policy is issued digitally. Download the policy document, store it securely, and share the details with your nominee.
QUICK FACTS

Term Insurance at a Glance

Everything you need to know in numbers — quick, clear, and transparent.

💰
₹6/day
Minimum Premium
Minimum premium for ₹50L cover for a 25-year-old non-smoker
🛡️
₹20 Crore
Maximum Cover
Maximum life cover available with CoverTiger plans
📅
Whole Life
Coverage Term
Coverage for whole life — protection that never expires
⏱️
10 Min
Fastest Issuance
Average time to buy a policy online via CoverTiger
📋
0 Papers
100% Digital
Completely paperless process — 100% digital onboarding
🏆
99%
Claim Settlement
Average claim settlement ratio of our partner insurers
🎁
₹1.5L
Tax Savings
Annual tax saving under Section 80C & 10(10D)
🤝
15+
Insurer Partners
Insurer partners — Tata, ICICI, Max, Bajaj & more
THE COVERTIGER DIFFERENCE

Why is CoverTiger AI Term Insurance Different?

Most platforms earn a commission on every policy sold — built into the premium you pay. The higher the premium, the more they earn. That is an obvious conflict of interest. CoverTiger does not work that way.

✓
AI-powered recommendations
Veer AI analyses your profile in under 60 seconds and surfaces the top plans that match — not the most profitable ones.
✓
No commission bias
Recommendations are not influenced by insurer relationships or payout structures.
✓
Full transparency
See why each plan is recommended. Compare features, premiums, and claim ratios side by side.
✓
Fully digital process
From recommendation to policy issuance — no agents, no paperwork, no office visits.
✓
Unbiased plan coverage
We list plans from all major insurers, not just partners who pay to be featured.
WHAT TO LOOK FOR

Key Features of a Term Insurance Plan in India

Not all term plans are equal. When comparing plans, these are the features that actually matter.

🛡️
High Sum Assured
Your cover should genuinely replace your income for your dependents. Avoid plans that cap coverage below your actual needs.
📅
Long Policy Term
Choose a term that takes you through to 65 or, preferably, 70. Shorter terms create coverage gaps.
💳
Flexible Premium Payment
Pay regularly, pay for a limited period (10–20 years), or pay a one-time lump sum — whatever your finances comfortably allow.
💰
Multiple Payout Options
One-time, monthly income, or a combination — depending on how your family will best handle the money.
💻
Fully Online Application
No agent visits, no paper forms, no long waits. A fully digital journey saves time and reduces errors.
🔄
Free-Look Period
Every term plan comes with a 15 to 30-day free-look window. If you are not happy after purchase, cancel for a full refund.
🚪
Special Exit Benefit
Some plans offer an exit option that returns a percentage of premiums paid if your needs change — flexibility without losing your entire investment.
WHY COVERTIGER

Key Features of CoverTiger Term Insurance

Designed for modern India — AI-first, digital-first, family-first.

🤖
AI-Powered, Commission-Free Recommendations
Most insurance platforms in India earn commissions that range from 15% to 40% of the first year's premium. CoverTiger's AI advisor earns the same whether you pick the ₹500/month plan or the ₹2,000/month plan. It optimises for fit — your age, income, health history, liabilities, and goals — not for margin.
✦ Commission-Free
📊
Side-by-Side Plan Comparison
We pull real-time data on premiums, claim settlement ratios, amount settlement ratios, rider availability, and premium payment flexibility from all major insurers. You see everything on one screen, in plain language, without needing to read 30-page policy documents.
✦ Real-Time Data
⚡
Buy Online in Under 10 Minutes
Once you decide, the purchase takes under 10 minutes. Details, health declaration, payment, policy issuance — all on one platform. Your policy document arrives by email the same day. And if you need a human to walk you through anything, our advisors are available without any pressure.
✦ Fully Digital
IS IT FOR YOU?

Who Should Buy Term Insurance Plans?

If anyone depends on your income, you should have a term plan. That is the simplest answer — here is a more detailed breakdown.

🧑‍💼
Young working adults (23–30 years)
The best time to buy — premiums are lowest, health conditions are fewest, and you lock in rates for decades.
💍
Newly married couples
Joint financial responsibilities begin. If one partner passes away, the other should not face financial hardship on top of personal loss.
👨‍👩‍👧
Parents with young children
The most common and urgent need. Children's education and living costs must be secured regardless of what happens.
🏠
Homeowners with an active loan
A home loan that outlives the borrower becomes the family's burden. A term plan can be sized to cover the outstanding loan balance.
🧑‍🔧
Self-employed individuals
No employer-provided group insurance. A personal term plan is the only safety net.
👵
Individuals supporting aging parents
If your parents rely on your income for medical expenses or daily living, your absence creates an immediate financial problem.
💰
High-income earners with significant liabilities
The more you earn and the more debt you carry, the larger the financial hole your family faces without you. Cover should be proportional.
SAVE MORE

Tax Benefits on Term Insurance Plans in 2026

Buying term insurance also helps reduce your tax liability under the Income Tax Act.

Section 80C
Up to ₹1.5 Lakh
Deduction per year on premiums paid for your term plan.
Section 10(10D)
100% Tax-Free
The death benefit paid to your nominees is fully exempt, with no upper limit.
Section 80D
With Health Riders
If your plan includes a critical illness rider, that premium may qualify under 80D.

Note: The 80C deduction is available under the old tax regime; it is not available under the new regime. Consult your tax advisor about your particular situation.

BEFORE YOU BUY

Term Insurance Buying Checklist

Follow this AI-recommended checklist to make sure you choose the right plan for your family's protection.

🐯 CoverTiger AI Tip

Buy term insurance at the earliest possible age. A ₹1 Crore plan costs ₹6,500/year at age 25 vs. ₹14,000/year at age 35. Every year of delay = significant extra cost.

✓
Calculate the right cover amount (HLV Method)
Aim for 10–15x your annual income. Factor in loans, EMIs, and future goals.
✓
Choose the correct policy term
Cover should last till your primary income-earning years (typically up to age 65).
✓
Compare claim settlement ratios
Always choose insurers with 97%+ CSR. CoverTiger only features top-rated partners.
✓
Add relevant riders
Consider Critical Illness, Accidental Death Benefit & Waiver of Premium riders.
✓
Disclose all information accurately
Full disclosure ensures hassle-free claim settlement for your nominee.
✓
Update nominee details periodically
Review and update nominee details after major life events — marriage, childbirth.
KNOW THE FINE PRINT

What is Not Covered in Term Insurance (Exclusions)

Term insurance is not the be-all and end-all. Knowing the exclusions helps you avoid surprises at claim time.

⚠️
Suicide within the first year
Most policies will not pay a death benefit if the insured dies by suicide within 12 months of purchase. Some plans refund the premiums paid.
⚠️
Death due to dangerous activities
The insurer can deny the claim if death occurs while engaging in extreme sports, illegal activities, or war.
⚠️
Non-disclosed pre-existing conditions
If you do not disclose a medical condition at purchase and it causes death, the claim can be denied. Always disclose in full.
⚠️
Death under the influence of alcohol or drugs
If the insured dies under the influence of alcohol or drugs not prescribed by a doctor, the claim may be denied.
⚠️
Non-payment of premiums
If premiums are not paid within the grace period, the policy lapses and no death benefit is payable.
GET READY

Documents You Need to Buy Term Insurance

The typical documentation for a standard term plan application — most of it can be uploaded straight from your phone.

🪪
Identity Proof
Aadhaar card, PAN card, or passport.
🏠
Address Proof
Aadhaar, passport, utility bill, or voter ID.
🎂
Age Proof
Birth certificate or Aadhaar.
💵
Income Proof
Last 3 months' salary slips (salaried) or last 2 years' ITR (self-employed).
🩺
Medical Reports
Required for higher sum assured (typically above ₹50 lakh) or above a certain age.
📸
Recent Photograph
A passport-size photograph.

Most applications through CoverTiger are fully digital — no physical copies needed in most cases.

BUY SMART

Benefits of Buying Term Insurance Online

💸
Lower premiums
Online term plans cut out agent commissions, which can add 15–25% to your first-year premium. The same plan bought online is almost always cheaper than through an agent.
📖
Full information before you commit
You see the policy terms, exclusions, and fine print before paying — not after. No one talks you into a plan before you have read what you are buying.
🕒
No pressure, no callbacks
You are in control of the timeline. Compare today, decide next week, and buy when you are ready.
● 100% CLAIM SUCCESS PROMISE

Get 100% Claim Assistance from CoverTiger

We stand with your family when it matters most. Our dedicated claim support team ensures every valid claim is settled — from document preparation to final payout. We handle the insurance company, so your family doesn't have to.

₹85Cr+
Claims Settled
3.2 Days
Avg. Settlement Time
50,000+
Families Supported
📞 Get Claim Support
CUSTOMER STORIES

Why Customers Trust CoverTiger Term Insurance

Real stories from real customers who trusted CoverTiger with India's most important financial decision.

RS
Rahul Sharma
Software Engineer, Bengaluru · Bought ₹1.5Cr Cover
★★★★★

The AI suggestion was spot on. It recommended ₹1.5 Crore cover based on my home loan and kids' education costs — I hadn't even thought of that. Bought the policy in 8 minutes!

PM
Priya Mehta
Homemaker, Delhi · ₹1Cr Claim Settled
★★★★★

When my father passed away, CoverTiger's claim team handled everything. They submitted all documents on our behalf and the ₹1 Crore was credited within 4 days. Truly exceptional support.

AK
Amit Kumar
Business Owner, Mumbai · Saved ₹3,200/yr
★★★★★

I compared 8 plans and CoverTiger's AI found a plan that saved me ₹3,200/year compared to what I was about to buy. The transparency and zero-pressure experience is unmatched.

50L+
Happy Customers
₹1Cr
Min. Cover Available
99%
Claim Settlement
15+
Insurer Partners
GOT QUESTIONS?

Frequently Asked Questions on Term Insurance in India

CoverTiger's AI has compiled answers to India's most common term insurance questions.

The right plan depends on your age, income, health, existing liabilities, and the number of dependents. Based on current IRDAI data, Axis Max Life Smart Term Plan Plus (99.62% CSR), HDFC Life Click2Protect (99.5% CSR), and ICICI Prudential iProtect Smart Plus are among the top-rated options. CoverTiger's Veer AI recommends plans based on your specific profile, not a general ranking.

A rough starting point is 10 to 15 times your annual income. A more accurate method accounts for your monthly household expenses, outstanding loans (home, car, personal), future goals (children's education, marriage), and existing savings. CoverTiger's calculator walks you through this in under 2 minutes.

The younger you buy, the better. Premiums are lowest in your 20s and increase every year you delay. More importantly, if you develop a health condition after 40, your options become limited and more expensive. The best time to buy is when you have your first dependent - which for most people is in their late 20s to early 30s.

Yes, you can hold multiple term policies from different insurers. However, the total coverage should be justifiable based on your income, as insurers assess income-to-cover ratios during underwriting. All existing policies must be disclosed when applying for a new one.

Term insurance is a type of life insurance. The broader category of life insurance includes endowment plans, money-back plans, and ULIPs that combine insurance with savings or investment. Term insurance is pure protection - no investment component, no maturity benefit, significantly lower premium for the same cover amount.

Yes. Premiums paid for term insurance are eligible for deduction under Section 80C up to Rs.1.5 lakh per year under the old tax regime. The death benefit paid to nominees is completely tax-free under Section 10(10D).

Claim Settlement Ratio (CSR) is the percentage of death claims an insurer settled out of total claims received in a year. A 99% CSR means 99 out of every 100 claims were paid. It is published annually by IRDAI. For term insurance specifically, a CSR above 98% is considered strong. CoverTiger shows real-time CSR data when you compare plans.

Yes. All policies have a free-look period (typically 15-30 days from receipt of policy document) during which you can cancel and receive a full premium refund, minus any medical test costs. After the free-look period, surrender is not a financial option for pure term plans - though you can simply stop paying premiums and let the policy lapse.

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