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Secure your loved one’s future coverage with Plum
Life is unpredictable, but your family's financial security doesn't have to be. Plum's Personal Term Life Insurance provides additional protection beyond your company's group term life policy.
We’re setting the standard
We’ve sustained high standards.
We’ve set new benchmarks.
We’re here to stay.
We’ve set new benchmarks.
We’re here to stay.
100
k+
Claims processed
6 Lac
+
Lives covered
6000
+
Companies covered
Why Personal Term Life Insurance?
/01
The value of buying Personal Term Life Insurance
- Protects your family financially in case of unforeseen events
- Provides a tax-free lump sum payout to your loved ones
- Pan-India accessibility
/02
How it helps
- Maintains your family's lifestyle and financial goals even in your absence
- Offers flexibility to include critical illness, accidental death, or disability riders
- Secures a multi-crore sum assured to cover major expenses like loans, education, or retirement funds
/03
Why you should enroll early
- Lower premiums: Lock in today's rates before premiums rise with age and inflation
- Simpler approvals: Younger, healthier applicants get easier and quicker approvals
- Longer coverage period: Starting early ensures coverage during your peak earning years
Why choose Plum for Personal Term Life Insurance?
Plum provides exclusive, industry-leading services tailored for individual needs
01
Expert guidance you can trust
Our certified advisors work with you to understand your needs and recommend the perfect coverage. No pushy sales, just honest advice.
02
Industry-leading claims support
With an NPS of 81, our claims process sets the gold standard. Experience the same exceptional support that makes us a leader in employee benefits.
03
We're with you every step
From your first consultation to policy issuance, we handle everything. Medical checkups, paperwork, and renewals - consider it done.
04
Coverage that truly protects
We partner exclusively with Tier-1 insurers to offer comprehensive policies that protect you and your family when it matters most.
05
Manage everything in one app
Your insurance shouldn't be complicated. Access, manage, and renew your policies effortlessly through the Plum App.
06
Health benefits that stay with you
Keep accessing premium healthcare services like Telehealth consultations and exclusive partner benefits, even after changing jobs.
How it works
Example
For a 35-year-old earning ₹2L per month, a ₹4 Crore policy until age 65 costs as little as ₹3,000/month, ensuring your family’s financial future is secure.
/01
Decide on coverage
Plum recommends a sum assured of at least
15x your annual income to ensure
comprehensive protection.
15x your annual income to ensure
comprehensive protection.
/02
Choose a term
Coverage typically extends until retirement (suggested age: 65)
/03
Personalize
your plan
your plan
Add riders such as critical illness, accidental death, or disability protection for enhanced coverage.
/04
Activate
your policy
your policy
Begin your journey toward peace of mind with immediate coverage from Day 1. In the event of your untimely demise, your nominee receives a 100% tax-free lump sum payout.
Frequently
asked questions
What is term life insurance?
Term life insurance is a pure protection policy that offers a substantial, 100% tax-free cash payout to the chosen dependents/nominees in the event of the untimely death of the insured during the policy term.
How does term life insurance work?
Term life insurance offers financial protection to your family in case of your untimely death through the policy term. For example, if you purchase a term life insurance policy with a sum assured of INR 3 Crores until age 65 and pass away before then, your nominee(s) will receive the entire sum assured, tax-free.
Why should I buy term life insurance?
- Provides a crucial financial safety net for your family.
- Helps maintain your family’s lifestyle and achieve financial goals even in your absence.
- Example: A 35-year-old earning ₹2L/month planning to retire at 65 can secure their family’s future with a ₹4 Crore policy lasting until age 65.
What are the benefits of buying term life insurance?
- Multi-crore coverage at affordable premiums.
- Customizable plans with options to cover critical and terminal illnesses, accidental death, and disabilities.
- Lock-in today’s prices for the entire term.
- 100% tax-free payout to nominees’ bank account.
- Tax deduction benefits under Section 80C.
Why should I buy term life insurance now vs. later?
- Premiums increase with age and inflation. Buying now locks in today’s rates.
- Easier to get approved when younger and healthier.
What is the eligibility for purchasing a term life insurance policy?
Anyone between 18-65 years of age with an Indian passport can purchase a term life insurance policy in India.
Can I continue my policy if I leave my job?
Yes, your policy remains active with timely premium payments. You’ll retain full access through the Plum app for renewals and updates.
Are there tax benefits?
Yes, premiums qualify for deductions under Section 80C, and payouts to nominees are 100% tax-free.
Can I customize my plan?
Yes, optional riders like critical illness cover, accidental death, and premium waiver for disability can be added to your plan.
