IndusInd Nippon Term Life Insurance FAQs

Yes! On buying term insurance from IndusInd Life, you will become eligible for tax benefits under Section 80C of the Income Tax Act, 1961.

Yes! Premium payment frequency allowed by IndusInd Life is Single Pay, Yearly, Half-Yearly, and Monthly.

If you want to cancel your IndusInd term insurance, you can do so within 15 days (free-look period) if its receipt. The free look period is 30 days in case the policy has been obtained through distance marketing mode.

Yes! You will be allowed to pay your term insurance policy premium within the grace period of 30 days (15 days - monthly mode).

The policyholder/claimant can intimate the IndusInd Life term insurance claim at any IndusInd Nippon Life Insurance branch office.

The nominee or the claimant can lodge the claim in case of death claim. The policyholder can also lodge for the claim in case of diagnosis of critical illness or accidental disability.

If the nominee passes aways or is not mentioned in the policy at the time of issuance then the claim is paid to the family member after the relationship with the policyholder has been proved.

IndusInd Life Insurance guarantees to settle a claim in 10 days after receiving the claim request.

The customer care number for IndusInd Nippon LIfe is 1800-102-1010.

If you have a query related to claim settlement, you can call at 1800-102-3330.

To get your correspondence address changed post policy issuance, submit a written request and address proof at the nearest IndusInd Nippon Life branch. Note that the address will reflect within 2 working days.

IndusInd Nippon Life Insurance offers IndusInd Nippon Life Protection Plus, IndusInd Nippon Digi-Term Insurance Plan and IndusInd Nippon Saral Jeevan Bima Plan under its term (protection plan) segment.

The toll-free customer assistance number of IndusInd Life Insurance is 1800-102-1010.

Yes, IndusInd Life insurance policies cover death caused due to COVID-19.

No, changes cannot be made to IndusInd Life insurance policy immediately after you purchase it.

Critical illness cover is an additional benefit rider available with IndusInd Life term plans which will provide the policyholder with a lump sum payout if diagnosed with listed critical illnesses. There are no restrictions on hospitals or against any expenses incurred.

Yes, it is! Buying term insurance online is a simple and hassle-free process. Also, the payment is made with the help of a safe gateway.

You can pay the renewal premium Online, by Cash/Cheque, or through different payment gateways.

Yes, the premium payment frequency can be changed on the anniversary date of your policy by submitting a duly signed request to the IndusInd Life Insurance.

Premium for tobacco consumers and smokers are generally higher than that of non tobacco consumers/non smokers because high risk is involved.