Secure your family’s financial future

Term life insurance plans tailored to your needs starting from just ₹ 655/month

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Best insurtech company of the year

NASSCOM Emerge 50 award winner

Why Term Life Insurance?

Multi-crore coverage at affordable premiums

Get insured for upto 25x of your annual income; with an option to get back 100% of the premium paid

Coverage from

Day 1

In case of death of the insured at any point post policy issuance, the entire sum assured will be paid out

Lock-in today’s prices for the entire term

If the monthly premium today is ₹3,000, it will remain ₹3,000 till the end of term.

100% Tax free payout to your bank account

Bonus: Premium paid each year is tax deductible u/s 80C

Option to cover critical and terminal illnesses

Plans can be tailored to cover sum assured payouts on diagnosis of terminal/ critical illness and not just death

Stays with you

Remains valid even if you move out of your company

Why Plum?

Expert guidance.
No spam.

1:1 Consultations with Plum insurance experts

Customer support from the Plum team loved and trusted by you

Plans backed by Tier-1 insurers of India 

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Our insurance experts

Dhairya Thakker

Paediatrics 45+ years of experience

Dhwani Nanavati

Pulmonologist 16+ years of experience

Akshay Golecha

Gynaecology 45+ years of experience

…and many more

Plum’s in-house doctors are carefully selected and specially trained to provide remote consultations and prescriptions. We strictly comply with the Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002 and the Telemedicine Practice Guidelines, 2020.

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 untimely death of the insured during the policy term.

How does term life insurance work?

Term life insurance offers financial protection to your family incase of your untimely death through the policy term. Example: You purchase a term life insurance policy with INR 3cr sum assured till the age 85. If you pass away before the age 85, your nominee(s) get INR 3Cr, tax-free.

Is there a waiting period?

Once your term life insurance policy is issued, your nominee(s) are eligible to get the complete sum assured in case of your untimely death through the policy tenure, even if such an eventuality happens one day post policy issuance. In summary, the policy is effective immediately post issuance.

What is the eligibility for purchasing a term life insurance policy?

Anyone between the ages of 18-65 and holding an Indian passport can purchase a term life insurance policy in India. 

Does the term life insurance have age limits?

You are eligible to purchase a term life insurance if you are at least 18 years old and at most 65 years old.

Can I buy term life insurance for my family?

Yes you can purchase term life insurance for your family.

Individual policies will be structured for each family member based on their date of birth, gender and whether they smoke or not. You can pay the premiums on your family’s behalf.

Why should I buy term life insurance for my family?

In the event of your untimely death, or that of any of your family members’, term life insurance will offer a substantial payout to the nominee(s) to help them navigate through the loss of a loved one and sustain financial liabilities and needs. It is one of the most cost-effective ways to ensure substantial financial security for your loved ones in case of your death or that of a family member.

Can I have more than 1 term life insurance policies?

Yes you can have multiple term life insurance policies, and all of them will pay out if active at the time of your demise.

What are the advantages of buying term life insurance?

As your parents get older, there is the possibility of rising healthcare costs. There is always a chance that your existing health insurance cover may not meet their healthcare expenses. A super top-up can help enhance their existing health insurance cover (which they may have purchased in a personal capacity or may have obtained through your insurance plan) if they don't have any pre-existing conditions.

What are the factors that will affect my term life insurance premium payable?

Your age, gender and whether you smoke are three factors that will affect your premium. Results of your medical test (which if often a requirement before policy issuance) can also impact your premium.

What happens to my term life insurance if I leave my company?

As long as you are paying your premiums on time, your policy stays with you irrespective of where you work or whether you are employed. 

What if I want to upgrade, downgrade, or edit a term life insurance plan?

You will be given an opportunity to upgrade your cover only when you get married or when you have children. There is limited flexibility allowed during these occasions to upgrade your policy. Example: When you get married, you are eligible to upgrade your sum assured by up to 50%When you have children, you are eligible to upgrade your sum assured by up to 25%. On both these occasions, the upgrade is subject to a go-ahead from the insurer post medical test(s). Premium will also be increased accordingly. It is often preferred to go ahead and purchase an additional term life insurance policy instead of tweaking the existing one. You can hold multiple term life insurance policies in your name and all remain active as per term selected.

What if I entered incorrect details during the purchase?

Your date of birth, gender and whether you are a smoker or not - if entered   incorrectly can not be changed later. Premium calculated is as per these details.
You will have to cancel the ongoing policy and apply for a new one in such a scenario. It is recommended that you fill out details as per your government-issued IDs (eg. Aadhaar card).