Archive · 25 Jul 2025
Insurers Offer Discounts on High Sum Assured Term Plans
Term insurance plans, especially those with high coverage amounts, are offering discounts of up to 15%.
These plans are like a safety net that pays a large sum of money to your family if something happens to you.
They cover a specific amount, often ₹1 crore or more, for a set period of time.
You pay a fixed amount regularly, and if you pass away during that time, your family gets the full amount covered.
It's a way to make sure your loved ones are financially secure.
Insurers offer up to 15% discounts on high sum assured term insurance plans.
High sum assured term plans provide a large cover amount for a fixed premium.
These policies often cover ₹1 crore or more.
If the policyholder dies during the term, the nominee receives the full sum assured.
These are pure life insurance policies.
- Who
- Insurers and policyholders.
- What
- Insurers are offering discounts on high sum assured term insurance plans.
- When
- Not specified in the provided text.
- Where
- Not specified in the provided text.
- Why
- To provide financial security through insurance.
- Discount
- Up to 15%
- Type of plan
- Pure life insurance
- Coverage amount
- Often ₹1 crore or more
- Payout
- Full sum assured to nominee
- Premium
- Fixed