Annual income ₹6L
Illustrative cover band using the 15-20× rule.
Range
₹90L – ₹1.2 Cr
Life Insurance · Term Plan
Term Insurance that puts your family first.
The purest, cheapest way to replace your income if you're no longer around. No maturity payout, no investment mix-up — just a straightforward promise: your family gets the cover amount, tax-free, when they need it most. We compare 14 insurers so you get the right cover at the right price.
96.4%
Claim settlement (assisted)
₹450/mo*
Starting premium for ₹1 Cr cover
14
Insurers compared
Plan features
What's inside a modern term plan.
Today's term plans go well beyond a flat death benefit.
Payout structure choice
Lump sum, monthly income, or a lump sum + income combination — structured around how your family would actually use the money.
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Cover till 99/100
Whole-life term variants extend cover well beyond retirement age for estate planning needs.
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Increasing/level cover
Choose level cover, or an increasing sum assured that keeps pace with inflation and rising liabilities.
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Riders
Critical illness, accidental death, and waiver of premium riders available for a small additional premium.
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Flexibility
Security
Long-term growth
Coverage details
How much cover should you actually buy.
A working rule: 15-20× annual income, plus outstanding loans, plus ₹5L per dependant.
Annual income ₹12L
Illustrative cover band using the 15-20× rule.
Range
₹1.8 Cr – ₹2.4 Cr
Annual income ₹24L
Illustrative cover band using the 15-20× rule.
Range
₹3.6 Cr – ₹4.8 Cr
Annual income ₹50L
Illustrative cover band using the 15-20× rule.
Range
₹7.5 Cr – ₹10 Cr
Claim process
From conversation to cover, in days.
And if the worst happens, our claims desk takes over entirely.
Simple processHassle-free claims
01
01
Audit existing cover
We review all existing policies, riders and liabilities. Most clients are either underinsured or holding the wrong product.
02
02
Quote from 14 insurers
You see a side-by-side comparison — premium, claim settlement ratio, exclusions and solvency margin.
03
03
Application & medicals
We handle the proposal form, arrange medicals if required, and manage underwriting queries on your behalf.
04
04
Claim support
If the worst happens, our dedicated claims desk takes over entirely. Last 5 years: 96.4% of assisted claims settled at first submission.
FAQs
Frequently asked
questions.
Common questions, honestly answered.
Start with 15× your annual income plus all outstanding loans, plus ₹5L per dependant. We refine it in conversation — accounting for existing assets, spouse's income and expected lifestyle inflation.
For most people, a pure term plan + a separate SIP-based investment portfolio outperforms a ULIP on cost, flexibility and transparency. ULIPs make sense for a narrow set of long-horizon, high-tax-bracket investors. We'll tell you which camp you're in.
Most policies have a 30-day grace period. After that, the policy lapses. You can revive within 5 years (2 years for some plans) with a fresh medical and arrears. We track renewal dates and remind you 45 days in advance.
Yes — it's arguably the most important thing we do. The family calls us, not the insurer. We handle all paperwork, follow-ups and escalations. Our 96.4% first-submission settlement rate reflects that.
Yes. A standalone critical illness plan gives you a tax-free lump sum on diagnosis of conditions like cancer, heart attack, stroke and kidney failure. We recommend it as a separate policy rather than a rider for maximum coverage.
Yes, always. Most insurers pull past claims from the Insurance Information Bureau (IIB). Blood tests are arranged for high-cover amounts (typically ₹50L+). Disclosing pre-existing conditions protects your claim.
Clear answers. Better decisions.
Expert Guidance
Buy early. Buy enough. Tell the truth.
Get a callback from our life desk for a side-by-side term insurance comparison across 14 insurers.
Disclaimer: Insurance is the subject matter of solicitation. Please read the policy wordings carefully before purchasing. Tax benefits are subject to changes in applicable tax laws. The company reserves the right to accept or reject any proposal at its sole discretion. Claim settlement is subject to policy terms and conditions. Pingale Financial Services · IRDAI Corporate Broker License No. CB-XXXXXXX/XX/2024.