27/03/2026
👉 “Insurance lene ke baad problem nahi aati… problem ke baad insurance nahi milta!”
Term Insurance FAQs (Simple & Powerful)
1. What is Term Insurance?
Term insurance is a pure life cover plan that provides financial protection to your family if something happens to you during the policy term.
2. Why should I buy term insurance?
It ensures your family’s financial security—covering expenses like loans, education, and daily needs—even in your absence.
3. How much cover should I take?
A common rule: 10–15 times your annual income + outstanding loans.
4. What is the best age to buy term insurance?
The earlier, the better! Premiums are much lower when you are young and healthy.
5. What happens if I survive the policy term?
In a pure term plan, you don’t get maturity benefits (unless you choose Return of Premium option).
6. Is term insurance expensive?
No, it’s the cheapest form of life insurance with high coverage at low premiums.
7. Can I increase my cover later?
Yes, many plans offer life stage benefits (marriage, child, etc.).
8. What is claim settlement ratio?
It shows how many claims an insurance company settles—higher ratio = more reliable.
9. Is medical check-up required?
Sometimes yes, depending on age, coverage amount, and health condition.
10. What is not covered in term insurance?
Su***de within 1 year
Fraud or false information
Certain risky activities (depending on policy)
11. Should I take riders with term insurance?
Yes, useful riders include:
Critical illness
Accidental death benefit
Waiver of premium
12. Can housewives or non-earning people buy term insurance?
Usually, term insurance is designed for earning individuals, but some insurers allow it under conditions.
