- Tax BenefitUp to 1,50,000**
- Claim SupportEveryday 10AM-7PM
- 45 Lacs+Happy Customers
*Standard Terms and Conditions Apply.
**Tax benefits are subject to changes in Income Tax Act.
Best Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
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Choose required coverage to secure your family’s future
Why Documents Are Necessary For Term Insurance?
The documentation process is one of the important steps that you need to follow while purchasing term insurance or making claims. But why are they so necessary? This is because documents add value to the information you submit to a term insurance company. The significance of documents for term insurance is highlighted in the below section:
- Gives a surety that you are an Indian resident
- Updates your insurance provider about your medical history and current situation
- Helps in hassle-free application and claim process
- Provides easy term insurance renewal process
- Helps is assuring a fast claim settlement ratio
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Documents Required to Purchase Term Insurance
The following are the documents required to purchase a term insurance plan:
Identity proof |
Passport |
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Aadhaar Card |
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Voter ID Card |
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PAN Card |
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Form 60 |
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Address proof |
Last 2 months' utility bills including electricity and water bills |
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Pension Payment Orders for Retirees |
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Municipal Tax Receipt or Property Tax Receipt |
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Accommodation letter from the employer Recognized by the state or central government, PSU, or any financial institution |
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Medical Proof |
Past and recent medical records |
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Medical examination results are conducted by a term insurance company |
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Income Proof |
Salaried Employees |
- Last 3 months' bank's statements and salary slips - Form 16 - Income Tax Return for 2 years |
Self-Employed Individuals |
-Income Tax Return for 2 years - Computation of income earned - Audited balance sheet and profit & loss account of 2 years - Form 26 AS |
Documents Required for Term Insurance Claim Process
The nominees for the policy will require the following documents during the term insurance claim process:
Death Reason | Documents Required |
The death happened due to a medical condition | Original policy document |
Duly filled claim form | |
Nominee’s ID proof | |
Death certificate of the policyholder | |
Doctor or physician statement | |
Medical records | |
In case of accidental death claims | Original copy of FIR |
Original copy of Police Inquest Report | |
All the documents required during the medical term insurance claim process |
Importance of Documents When Getting Term Insurance
When you're getting term insurance, having the right paperwork is super important. It's not just about having a bunch of documents - these papers actually protect you and make sure everything goes smoothly. Let us explain to you why having the right paperwork is a big deal when you are acquiring term insurance.
- Proof of Identity and Address: Just like you need an ID card to enter certain places, you need it for term insurance too. Your ID and address proofs show the insurance company that you are who you say you are and where you live. It's a basic way of making sure everything is correct.
- Medical History: Your health information is as crucial as ID proof. Insurance companies want to know about any of your pre-existing conditions or past illnesses. This helps them figure out the risk involved in insuring you. It's like giving them information about your health so that they can plan accordingly.
- Financial Documents: Your financial documents, like income proof, show the insurance provider that you can afford the coverage you're asking for. It's like assuring them that you will be able to pay premiums on time.
- Policy Terms and Conditions: Imagine buying something without knowing how it works or what it does. That's pretty risky, right? The terms and conditions of your insurance policy are like a user manual. They state what the policy covers, what it doesn't, and how everything works. It's like your go-to guide for understanding your insurance coverage better.
- Beneficiary Details: Who will get the money if something happens to you? That's what your beneficiary details determine. Checking the accuracy of this information ensures that the money goes to the right person at the right time.
So, having the right documents when you're buying term insurance not only proves you're eligible but also makes sure you and your loved ones are covered the way you want them to be.
How to Get Term Insurance from InsuranceDekho?
Getting term insurance from InsuranceDekho is easy. Here's a simple guide:
Step 1: Visit InsuranceDekho Website
Go to the InsuranceDekho website and click on "Term Insurance."
Step 2: Enter Your Information
Put in your details like name, phone number, gender, and birthdate. Now, click "View Plans for Free."
Step 3: Compare Quotes
The site will show you different term insurance options. Compare them to find the one that suits you best.
Step 4: Customise Your Plan
Choose the term insurance plan you like and adjust the coverage amount, duration, etc.
Step 5: Confirm and Pay
Once you're happy with your term insurance plan, confirm the details and pay the premium online using net banking or your debit/credit card.
What Should You Do If Your Original Term Insurance Documents Are Misplaced?
You can take the following actions if you misplace or lose your original term insurance documents:
- Inform your term insurance company immediately.
- Publish the misplace or lost information in local/regional newspapers.
- Share the published advertisement with your insurer after a month.
- Sign an indemnity agreement, stating that you will return the original documents to the insurer in case you found them later.
- Once the above process is completed, an insurance company will issue the duplicate documents for term insurance.