Best Term Life Insurance In Kerala 2024

Kerala is one of the most thickly populated states in India. It is located in south-western side of India. It has population of 3.47 crores and Kerala is one of the famous tourist destinations of India because of its hill stations, beaches, natural greenery places etc. And Kerala is the highest literacy rate state in India is noted for its achievements in education, health, gender equality, social justice, law and order.

In policybachat, we provide an equal comparison of term life insurance quotes from different insurance companies. Best term life insurance in Kerala can be found online on Our Portal by comparing different life insurance plans offered by different insurance companies. We try hard to give best service to our customers for selecting best term life insurance companies in Kerala and the coverage offered by them.

Term life insurance is a long term contract between the customer and the insurance company in which the insured person covers himself/herself for certain period of time if an unexpected event happens to the insured person within the certain period of time and if the life insurance policy is in active and death benefits passed onto the nominee mentioned in the policy.

It is essential of term life insurance in these hard times of covid-19; the pandemic has bought many uncertainties in the life of the common person. So, there is anything which is needed badly in this situation, it is none other than the term life insurance product. There is a group insurance plan available in term insurance policy.it provides insurance cover for group of people.

Life Insurance Plans can be paid through online or offline based on the customer comfort and policy can be issued without any physical presence of the customer.

The premium paid for term life insurance policy is calculated based on the term selected by the customer and it can be paid in instalments or in lump sum depending on the comfort of the applicant.

If something happens to the policy holder the claim amount will be paid to the nominee mentioned in the policy copy. No maturity benefit will be paid to the policyholder if he/she survives till the end of the policy period in pure term insurance policies. Whole life term insurance policies do not have any fixed term and provide coverage till the death of the policy holder.

Cheap Term Life Insurance Quotes in Kerala

In Kerala, there are many accidents and deaths happening on the highways and in the internal roads due to the movement of heavy vehicles, over speed etc. The mortality rate in Kerala has increased due to the pandemic and this has caused an upward increase the number of death in Kerala State.

Cheap term life insurance plans in Kerala can be sorted from our online portal where the basic process is to fill the details of the applicant for quote generation such as gender, occupation type, Annual income, date of Birth, name of the applicant, Email address etc. Cheap term insurance plans in Kerala don’t include any extra coverage in the form of add-ons such as Waiver of premium, Accidental disability etc.

The cheap term life insurance quotes in Kerala are calculated for a 29 year old Male, with no Tobacco habit, annual income of 10 Lakhs and Salaried individual. Premium payment mode is Monthly and the Sum assured is 2 Crores, Payment term is up to retirement (65 years).

Best Term Life Insurance Quotes in Kerala based on Coverage

Term life insurance policy should be purchased after checking the terms and conditions mentioned under the policy because financial interest clauses happen most of the times. Best life insurance offers the highest life coverage for minimum premiums.

So before buying the term life insurance scheme check all the terms and conditions thoroughly. The premium paid by the customer for the term life insurance differs from company to company and also depend upon the service levels provided by the company.

Best Term Life Insurance plans in Kerala can be sorted from our online portal where the basic process is to fill the details of the applicant for quote generation such as gender, occupation type, Annual income, date of Birth, name of the applicant, Email address etc. Best term insurance plans in Kerala include extra coverage in the form of add-ons such as Waiver of premium; Accidental disability, tax benefit etc.

The best term life insurance quotes in Kerala are calculated for a 29 year old Male, with no Tobacco habit, annual income of 10 Lakhs and Salaried individual. Premium payment mode is Monthly and the Sum assured is 2 Crores, Payment term is up to retirement (65 years) based on the extra coverage in the form of add-on or riders.

FAQ’s- Life Insurance in Kerala

• How to renew my life insurance policy?

You can renew your life insurance policy in Kerala online without worrying about the need to go to insurance company office to pay the premium.

To renew your life insurance policy online please contact our agent who can assist you in renewal process. Insurance companies send a payment link to the customer to renew the life insurance policy; once the payment is made renewal intimation will be sent to the customer.

• What is the maximum cover in Kerala I can get without going for physical medicals?

The maximum life cover that one can get without going for medicals varies from one insurance company to another. For instance company X might offer Rs.10Lacs coverage without any medicals which some insurance companies offer only Rs.5 Lakhs without any medicals.

Now-a-days most of the insurance companies are conducting tele medicals to ascertain the health condition of the applicants. So the max life cover one can get without physical medicals would be 1-2 Crores depending on the income of the applicant and the previous health conditions.

• What is grace period in term life insurance policy?

Grace period is the time in which the policy would remain inactive till the time premium payment is done and claims would be made only after the clearance of pending premium payments.

Generally the grace period in life insurance policies is 15 to 30 days, during this period the customer can renew the life insurance policy. If the premium payment is not made within the grace period, the policy would lapse. Therefore it is essential to make the payment before the expiry of the policy or during the grace period. The grace period starts from the due date of renewal.

• What is Policybachat and how does it help with my life insurance policy purchase in Kerala?

Policybachat is an online insurance web aggregator which helps in selecting the best insurance policy in Kerala for its customers based on the customer’s requirements. We at Policybachat provide the customer with wide range of options to select from.

The best life insurance policy in Kerala can be selected online from our portal. We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.