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  • COMPARE TERM INSURANCE

    Compare price, claim ratio and track record of insurers.

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Why compare with us?

Whether you're looking for a term insurance the first time or you want to switch to a lower price, our term insurance policy comparison service can help you find the right cover by comparing policies and prices from across the market.

Our quotes results pages display the key features included in the policy, such as claim settlement ratio and customer service data so that you can compare these at a glance. Our More Details pages tell you all about the features and benefits of each policy.

Why not take a look for yourself and select what is best for you?

  • Do I need term insurance?

    Imagine how your family will cope up with financial liabilities if you were to to die tomorrow or say in next 3 years. How would they pay the home loan or take care of basic family expenses? You should consider term insurance if you are concerned about how your family would manage in the event of your unexpected death.
  • How does term insurance work?

    Term insurance pays out a fixed sum to your family on your death.
  • How much cover do I need?

    The amount of insurance depends on your personal situation. Generally experts suggest a cash sum equal to ten times of your annual income.You might want a term cover just to cover your pending home loan or you want to cover for an amount that will cover your family's future expenses including marriage of your children or their education. While you may decide to go a very high cover, you also need to consider your annual premiums. With term covers getting cheaper, one should go for a slightly higher covers.
  • What should be the duration of my policy?

    This depends on length of your home loan or the duration till which your children will be dependent on you. One need not go for very long duration cover( beyond age 65) unless your situation demands the same.
  • Are premiums fixed for the complete duration?

    Most insurers would offer fixed premiums, so the price of cover remains fixed throughout the contract.
  • Should I go for any extras riders that I can add to my policy?

    It is better to keep it simple.You can buy a separate critical illness or accidental insurance.
  • I have a pre-existing medical condition. What should I do?

    You need to be honest with your insurer about your medical situation and disclose all the details sought by the insurer. You should preferably go for a medical tests. You might end up paying more for your policy but if you hide things your claim is very likely to be rejected. In that case, your family won't get any benefits upon your death.
  • What factors should I look for while comparing term insurance?

    You should definitely pay attention to claim settlement ratios published by IRDA as well as the premiums that need to be paid. Others factors that need attention are the customer service of the insurers so that your family doesn't face any issues at the time of claim.
  • What kind of tax benefits are available?

    You get normal tax benefits under section 80C (up to 1 lakh limit). The premium paid gets deducted from your taxable income. One should just consider this as an added benefit. The prime reason for buying term insurance should be to protect your family.
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Trucompare gets its quotes from GILPA Insurance Brokers.(IRDA license DB 374/07). Insurance is the subject matter of solicitation.