This particular plan is a term insurance policy. Term insurance policies provide cover only in case of death and don't offer any sort of maturity benefit. The above mentioned company is offering this plan through online. It provides high insurance cover with very little premium. The process for applying are as follows:
- Log on to the website of the company.
- Click the product section.
-Click the I Term plan.
-Then go to the section to purchase.
-You will get to see a form.
- It needs several details like date of birth, name, address, occupation etc.
-Fill up the columns.
-Select your insurance amount. The software will display the premium needed to be paid.
-Accept it.
-The software will let you know if your request is accepted or not.
-If it is accepted, you have to make the payment.
-You can make the payment through credit card or net banking.
-Your policy will be provisionally issued.
-The next day, an executive will visit you to collect the necessary documents. He will also inform you if you have to go for a medical test or not.
-If yes, then the test will be done at the expense of the company.
-If you clear the test, the policy will be issued to you,
Benefits:
This plan provides cover to people from the age of 18 to 60 years. It has a term ranging from 5 to 25 years. It is considered to be one of the cheapest term policies available. But the shortcoming of this policy is that it comes without riders. This policy will not cover any disability. However if one is going purely for a term cover then its a fairly good policy.
- Log on to the website of the company.
- Click the product section.
-Click the I Term plan.
-Then go to the section to purchase.
-You will get to see a form.
- It needs several details like date of birth, name, address, occupation etc.
-Fill up the columns.
-Select your insurance amount. The software will display the premium needed to be paid.
-Accept it.
-The software will let you know if your request is accepted or not.
-If it is accepted, you have to make the payment.
-You can make the payment through credit card or net banking.
-Your policy will be provisionally issued.
-The next day, an executive will visit you to collect the necessary documents. He will also inform you if you have to go for a medical test or not.
-If yes, then the test will be done at the expense of the company.
-If you clear the test, the policy will be issued to you,
Benefits:
This plan provides cover to people from the age of 18 to 60 years. It has a term ranging from 5 to 25 years. It is considered to be one of the cheapest term policies available. But the shortcoming of this policy is that it comes without riders. This policy will not cover any disability. However if one is going purely for a term cover then its a fairly good policy.
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