Term Insurance

How to view Quotes
You can view quotes in Choice online using the Android or iOS app or via the website. The quote generation process is very simple. With some basic informati...
Wed, 19 Oct, 2022 at 7:06 PM
How to buy a policy?
You can click on the Insurance Tab by clicking on More in Choice. You need to fill in some basic information like Gender, Smoker/Non-Smoker, DOB, Occupation...
Wed, 19 Oct, 2022 at 6:50 PM
Do you need to buy a Term insurance plan or a Whole life, ULIP, etc?
Term insurance helps you to safeguard your family in your absence, especially if you are the only earning member of the several dependents. And on the other...
Tue, 6 Sep, 2022 at 10:47 AM
Does term insurance premiums get affected, if insured is having a smoking habit?
Yes, smoking habit will increase the premium amount.
Tue, 6 Sep, 2022 at 10:47 AM
Does a term insurance plan differ from an accidental insurance plan?
Term insurance plans include death due to any reason accidental or natural wherein an accidental insurance policy holder is insured under accidental death b...
Tue, 6 Sep, 2022 at 10:48 AM
Does the insured person's death be considered if the person is outside India?
Yes, Once the policy is in effect the nominee is entitled if the person died outside India.
Tue, 6 Sep, 2022 at 10:48 AM
How many times can claims be entertained?
You can claim more than one, from different insurers. These claims have been declared at the time of purchasing the policy.
Tue, 6 Sep, 2022 at 10:49 AM
Are NRIs eligible for purchasing term insurance in India?
Yes, NRIs who have dual citizenship are eligible for purchasing term insurance in India.
Tue, 6 Sep, 2022 at 10:49 AM
Does Term insurance give tax benefits?
Yes, Term insurance offers tax benefits on the 1.5Lac in any given financial year. Your health insurance premium is tax-deductible under Section 80C of the ...
Tue, 6 Sep, 2022 at 10:49 AM
What are the basic factors in costing a term insurance.
Term insurance depends upon the factors such as age, Smoker/Non-smoker, annual income, Sum assured and health condition.
Tue, 6 Sep, 2022 at 10:49 AM