Term Insurance with Way2Protect

Life Insurance | Way2Protect —
Term Insurance

Maximum protection for your family at an affordable premium.

All Life Insurance options

What is Term Insurance?

Term insurance is the simplest and purest form of life insurance. You pay a premium for a fixed period (the policy term), and if something happens to you during that period, your nominee receives the sum assured.

Because there is usually no maturity or savings component, term plans offer a much higher cover for the same premium compared to most other life insurance plans.

Who is it for?

  • Earning members with dependants
  • Anyone with a home loan or other large liabilities
  • Young professionals who want to lock in a lower premium early
  • Self-employed individuals and business owners

Key features

  • High sum assured for a comparatively low premium
  • Choice of lump sum, monthly income or a mix of both for the family
  • Optional riders such as accidental death, critical illness and waiver of premium
  • Option of return-of-premium variants with certain insurers
  • Tax benefits as per prevailing tax laws

Things to consider

  • Choose a cover of roughly 10–15 times your annual income, plus outstanding loans
  • Disclose health, lifestyle and income details honestly to avoid claim issues
  • Pick a policy term that covers your working years and major liabilities

Insurance is the subject matter of solicitation. Please read the sales brochure and policy wordings carefully before concluding a sale. Benefits, exclusions and waiting periods vary by insurer and product. Product availability, eligibility, premiums, interest rates, benefits and approval are subject to applicable terms, conditions, underwriting/lender policies and eligibility criteria.

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