Term Insurance: Protect Your Loved Ones with Sahastraa Shree Finance

What is Term Insurance?

Term insurance is a straightforward and cost-effective way to ensure your family’s financial security in the event of your untimely demise. At Sahastraa Shree Finance, our term insurance plans provide you with peace of mind, knowing that your loved ones will be financially protected.

Why Choose Term Insurance from Sahastraa Shree Finance?

  • Affordable Premiums: Enjoy lower premiums compared to other life insurance products, making it accessible for everyone.
  • Flexible Coverage Amounts: Choose the coverage amount that suits your family’s needs and financial goals.
  • Fixed Policy Term: Select a policy term that aligns with your life stages and financial responsibilities, typically ranging from 10 to 30 years.
  • Simple Claims Process: Our hassle-free claims process ensures your beneficiaries receive support when they need it most.

Key Benefits of Term Insurance

  • Financial Security: Provides a lump sum payment to your beneficiaries in case of your untimely passing.
  • Tax Benefits: Enjoy tax deductions on premiums paid under Section 80C and tax-free payouts under Section 10(10D) of the Income Tax Act.
  • Renewability Options: Many of our plans offer the option to renew or convert to a permanent policy later.
  • Additional Riders: Enhance your coverage with riders like accidental death benefits or critical illness coverage.

How It Works

  1. Choose Your Coverage: Assess your financial needs and select the coverage amount and policy term.
  2. Apply Online: Complete our simple online application form.
  3. Medical Underwriting: Depending on the coverage amount, you may need to undergo medical underwriting.
  4. Receive Your Policy: Upon approval, receive your policy documents and enjoy peace of mind knowing your family is protected.

Eligibility Criteria

  • Age: Most term insurance plans are available for individuals aged 18 to 65 years.
  • Health Status: A health assessment may be required to determine insurability and premium rates.

FAQs

1. How long does term insurance coverage last?
Term insurance provides coverage for a specific period, typically between 10 to 30 years, depending on your chosen policy.

2. Can I convert my term policy to a whole life policy?
Many of our term insurance plans offer conversion options. Check with our representatives for specific details.

3. What happens if I miss a premium payment?
Most policies have a grace period for missed payments. If the policy lapses, you may lose coverage, but reinstatement options are often available.

4. Is the death benefit taxable?
No, the death benefit paid to your beneficiaries is generally tax-free under Section 10(10D) of the Income Tax Act.

Get Started Today!

Protect your family’s future with a term insurance policy from Sahastraa Shree Finance. Apply today to secure the financial peace of mind you and your loved ones deserve. Our dedicated team is here to guide you through every step of the process!