Term Insurance
Affordable Protection for Your Family’s Future
Term insurance is a pure life insurance plan that provides financial security to your loved ones in case of an unfortunate event. At Insurance Helpmate, we assist policyholders in selecting the right term plan, filing claims, and ensuring hassle-free claim settlements.
What is Term Insurance?
Term insurance is a type of life insurance that offers coverage for a fixed period (term). If the policyholder passes away during the term, the nominee receives a lump sum payout (death benefit). Unlike traditional life insurance, it does not offer maturity benefits, making it the most affordable life insurance option.
Benefits of Term Insurance
✔ High Coverage at Low Premiums – Get a large sum assured at an affordable premium.
✔ Financial Security for Your Family – Ensures your family’s financial stability in your absence.
✔ Tax Benefits – Premiums paid and death benefits received are eligible for tax exemptions under Section 80C & 10(10D) of the Income Tax Act.
✔ Optional Riders for Additional Protection – Enhance coverage with riders like Accidental Death Benefit, Critical Illness Cover, and Waiver of Premium.
Types of Term Insurance
1. Level Term Plan
A basic term plan where the sum assured remains constant throughout the policy term.
2. Increasing Term Insurance
The sum assured increases over time to combat inflation and rising expenses.
3. Decreasing Term Insurance
Designed for loan repayment, the sum assured decreases over time as financial liabilities reduce.
4. Return of Premium Term Plan
Unlike standard term insurance, this plan refunds all premiums paid if the policyholder survives the term.
5. Group Term Insurance
A policy that provides life coverage to employees under a single corporate insurance plan.
How We Help with Term Insurance Claims
✅ Claim Documentation & Filing Assistance – We guide beneficiaries in preparing and submitting the required claim documents correctly.
✅ Claim Settlement Negotiation – We negotiate with insurers to ensure the rightful settlement amount is paid without delays.
✅ Legal Representation & Dispute Resolution – If a claim is denied or disputed, we provide legal support to fight for rightful compensation.
✅ Fraud Prevention & Compliance Guidance – We educate policyholders and beneficiaries on their rights to prevent wrongful rejections.
Why Choose Insurance Helpmate?
✔ Expert Assistance from Insurance Professionals – Our experienced team ensures smooth claim processing and quick resolutions.
✔ No Upfront Charges – We charge only after your claim is successfully settled.
✔ Customer-First Approach – We prioritize your needs and provide hassle-free claim support.
At Insurance Helpmate, we are dedicated to ensuring policyholders and their families receive the benefits they deserve. Whether you need help selecting a term plan, filing a claim, or resolving disputes, we are here to assist you at every step.