Term Life Insurance 2025 Overview
LoanPao’s Term Life Insurance 2025 offers high coverage from ₹50 lakh to ₹10 crore at affordable premiums to secure your family’s financial future. This pure protection plan pays a lump sum to your nominees in case of your untimely demise during the policy term (10–40 years). With LoanPao’s seamless online application, you can get insured within days. Apply now via our application portal or contact us at +91-971-769-5334 for guidance.
Our term plans come with flexible options like monthly/annual premiums, riders (e.g., critical illness), and tax benefits under Section 80C. Explore more insurance options on our insurance page.
Key Benefits of Term Life Insurance
High Coverage
Get coverage from ₹50 lakh to ₹10 crore for financial security.
Low Premiums
Starting at ₹500/month for ₹1 crore coverage (indicative).
Tax Benefits
Save on taxes under Section 80C and 10(10D).
Flexible Tenure
Choose policy terms from 10 to 40 years.
Online Application
Apply via e-KYC for quick policy issuance.
Add-On Riders
Enhance coverage with critical illness or accidental death riders.
Eligibility Criteria for Term Life Insurance
To qualify for LoanPao’s Term Life Insurance, applicants must meet the following criteria.
| Criteria | Details |
|---|---|
| Age | 18–65 years (at entry) |
| Residency | Resident of India |
| Health | Good health, may require medical check-up for high coverage |
| Documents | Valid KYC (Aadhaar, PAN, etc.) |
| Availability | Through LoanPao’s partnered financial institutions |
Contact us at info@loanpao.in for assistance.
Documents Required for Term Life Insurance
LoanPao’s streamlined process requires minimal documentation. Ensure all documents are recent:
- KYC Documents: Aadhaar, PAN, voter’s ID, passport, or driving license
- Proof of Residence: Utility bill, Aadhaar, or rental agreement
- Income Proof: Salary slips, ITR, or bank statements (for high coverage)
- Health Declaration: Self-attested health form; medical test for select cases
- Photograph: Recent passport-sized photo
Upload documents securely via our online portal for quick verification.
Policy Details and Premiums
Choose a coverage amount that suits your needs. LoanPao’s Term Life Insurance offers:
| Coverage Amount | Premium (Monthly, Indicative) | Policy Term | Riders (Optional) |
|---|---|---|---|
| ₹50 lakh–₹1 crore | Starting at ₹500 | 10–40 years | Critical illness, accidental death |
| ₹1 crore–₹10 crore | Starting at ₹1,000 | 10–40 years | Critical illness, accidental death |
Contact our team at +91-971-769-5334 to customize your plan.
How to Apply for Term Life Insurance
Applying for Term Life Insurance with LoanPao is quick and easy:
- Register on our application portal with your details.
- Submit KYC, health declaration, and income proof (if required) via e-KYC.
- Get your policy issued within days after verification by our partnered institutions.
Start your application now or contact our team at +91-971-769-5334 for expert guidance.
Compare Term Life Insurance with Other Plans
LoanPao helps you compare Term Life Insurance with other insurance plans to find the best fit:
| Plan | Coverage Amount | Premium (p.a.) | Term | Key Benefit |
|---|---|---|---|---|
| Term Life Insurance | ₹50 lakh–₹10 crore | Starting at ₹6,000 | 10–40 years | High coverage, low cost |
| Whole Life Insurance | ₹10 lakh–₹5 crore | ₹20,000–₹1 lakh | Lifetime | Savings + protection |
| ULIP | ₹5 lakh–₹2 crore | ₹12,000–₹50,000 | 5–30 years | Investment + insurance |
Note: Premiums and terms are indicative as of July 2025. Compare more options on our insurance page.
Popular Uses of Term Life Insurance Coverage
Term Life Insurance payouts support your family in various ways, including:
- Replacing lost income for dependents
- Paying off home loans or debts
- Funding children’s education or marriage
- Covering daily living expenses
- Ensuring financial stability during emergencies
Apply via our application portal to protect your loved ones.
Why Choose LoanPao for Your Term Life Insurance?
LoanPao is your trusted partner for Term Life Insurance due to our seamless process and support:
Trusted Partners
Work with our network of financial institutions for reliable coverage.
Premium Calculator
Estimate premiums with our calculator.
24/7 Customer Support
Contact us anytime at +91-971-769-5334.
Tips for a Successful Term Life Insurance Application
Maximize your chances of approval with these expert tips:
- Declare accurate health details to avoid claim rejection.
- Choose coverage 10–15 times your annual income.
- Use e-KYC for faster document verification.
- Contact LoanPao for personalized guidance on your application.