Term Insurance
Protect What Matters Most With Affordable
Term Insurance with iCare
Feeling that pit in your stomach about the future? Don’t let life’s “what ifs” hold you back. At iCare, we believe true love deserves protection, even when you can’t be there. With our term insurance, you can pick a coverage period. If something unexpected happens, your loved ones receive a lump sum to manage things like bills, education, or maintaining their lifestyle. Alongside, our policy is affordable and flexible, with no hidden fees. Life throws curveballs, but your love can be the constant with iCare. So, invest in iCare term insurance to show you care, even when you’re not there.
Quick Guide to Term Insurance
Term insurance offers pure life protection for a specific period, typically 10 to 30 years. If the policyholder dies within the chosen term, the beneficiaries receive a pre-determined sum assured. Unlike whole life insurance, there is no maturity benefit if the policyholder outlives the term.
Term insurance is ideal for individuals with financial dependents like spouses, children, or ageing parents. It helps financially secure their needs like education, mortgage payments, or living expenses in case of the policyholder's untimely demise.
The required coverage depends on various factors like income, debts, dependents, and lifestyle. Consider factors like future expenses, outstanding loans, and desired financial assistance for your beneficiaries. Aim for a coverage amount that will replace your income and maintain their standard of living.
- Level term: Fixed sum assured throughout the policy term.
- Increasing term: Coverage amount increases over time to account for inflation.
- Decreasing term: Coverage amount decreases over time, often aligned with decreasing debts like mortgages.
- Convertible term: Option to convert to a permanent life insurance plan with cash value during the term.
Generally, term insurance is one of the most affordable life insurance options due to its pure protection nature and lack of investment component. Premiums are based on factors like age, health, smoking status, and desired coverage amount.
Other Services
At Icare Insurance, we ace the insurance industry catering to a varied range of insurance types.
Fire Insurance
Term Insurance
Marine Insurance
Product Liabilty
Cyber Insurance
Employee Benefit Insurance
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Would you like to get more details about our services? Our team is ready to answer all your questions.
