Menu
Term Assurance Plans
A Term Assurance Plan is a life insurance product that offers financial protection for a fixed period, or “term”. If the insured person passes away during this term, the nominee receives the sum assured.
What Are Term Assurance Plans?
When it comes to safeguarding your family’s future, there’s nothing more reliable than a term assurance plan. At KriShiv In.Tech Private Limited, we understand how precious your loved ones are—and how much they rely on you. Our term assurance plans are designed to provide financial stability when it’s needed most. Let’s walk you through everything you need to know!
Why They Matter in Today’s World
With rising financial responsibilities and life’s unpredictability, securing your family with a term plan ensures that they are financially protected even in your absence.
Key Features of Term Assurance Plans
Affordable Premiums
Term assurance plans offer high life coverage at low premiums—making them ideal for anyone who wants maximum protection without breaking the bank.
Fixed Tenure Options
You can choose a policy term that fits your financial planning—from 10 to 40 years, or even coverage till age 99.
High Coverage, Low Cost
Why settle for less when you can get ₹1 crore coverage for just a few hundred rupees per month?
Types of Term Assurance Plans
Level Term Plans
Your coverage remains constant throughout the policy term. It’s simple, straightforward, and effective.
Increasing Term Plans
With inflation in mind, these plans allow your coverage to increase annually, ensuring your family always has enough.
Decreasing Term Plans
Ideal for those with loans or debts—coverage reduces over time as your liabilities shrink.
Return of Premium Term Plans
Don’t like the idea of “losing” money if you survive the term? With this plan, all premiums are returned at maturity.
Why Choose KriShiv In.Tech for Your Term Assurance Needs
Trusted Financial Partner
We’re not just a tech-driven finance company—we’re your partner in building a secure future.
Customizable Plans Tailored for You
Every individual is different. That’s why our term assurance plans are flexible and customizable to suit your life stage, income, and goals.
Hassle-Free Claim Settlement Process
We promise a quick and transparent claim process, so your loved ones get the support they need, when they need it most.
Benefits of Term Assurance Plans by KriShiv In.Tech
Financial Protection for Your Loved Ones
Your coverage remains constant throughout the policy term. It’s simple, straightforward, and effective.
Tax Benefits Under Section 80C & 10(10D)
Enjoy tax savings while securing your family—double the benefit!
Peace of Mind for the Future
Nothing beats the peace of mind knowing your loved ones will be taken care of, no matter what.
Return of Premium Term Plans
Accidental Death Benefit
Don’t like the idea of “losing” money if you survive the term? With this plan, all premiums are returned at maturity.
Critical Illness Cover
Financial support in case you’re diagnosed with a major illness.
Waiver of Premium
If you’re disabled or critically ill, we’ll waive off your future premiums—your plan continues without a hitch. Financial support in case you’re diagnosed with a major illness.
Who Should Consider Buying Term Assurance?
Young Professionals Starting Their Careers
Buy young, pay less, and lock in low premiums for decades.
Newly Married Couples
Protect your spouse and ensure a smooth financial life together.
Parents Planning for Their Children’s Future
Give your kids the future they deserve—education, dreams, and a secure home.
Entrepreneurs and Business Owners
Secure your business and family finances with one smart move.
How to Buy a Term Assurance Plan with KriShiv In.Tech
Simple Online Application Process
Apply from the comfort of your home—no agent required.
Minimal Documentation
No paperwork hassles. Just a few key documents and you’re done.
Instant Policy Issuance
Get covered within minutes with our AI-powered approval process.
Common Myths About Term Insurance – Busted!
“Term Insurance Is a Waste If I Survive”
Would you call your fire extinguisher a waste if your house never caught fire? Same logic!
“I’m Too Young for Term Insurance”
That’s actually the best time to buy. You’ll lock in cheaper premiums for a longer term.
“It’s Too Complicated to Understand”
Not with us. We explain everything in simple language, and our team is always a call away.
Why Start Today?
The Younger You Are, The Cheaper It Is
Every year you wait, your premium goes up. Buy early and save more.
Life Is Unpredictable – Be Prepared
Tomorrow is never promised. But preparation today can ensure security for your family.
FAQs
1. Is a medical test necessary to buy a term assurance plan?
In most cases, yes—especially for higher coverage amounts. It helps ensure accurate premium calculation.
2. What happens if I miss a premium payment?
You usually get a grace period of 15 to 30 days. If missed beyond that, your policy could lapse.
3. Can I increase the sum assured later?
Yes, some plans allow you to increase coverage at major life events like marriage or childbirth.
4. Are term insurance claims often rejected?
With proper documentation and honest declarations, claim rejection is rare—especially with KriShiv In.Tech.
5. Can NRIs buy term assurance from KriShiv In.Tech?
Yes! We offer solutions tailored for Non-Resident Indians, too.