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Term Life & Retirement Plans
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Term Life & Retirement
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India 2026
Term Life & Retirement Policy Online in India 2026
Buying term life & retirement online in India has never been easier. With digital platforms like Six Finance, you can compare plans, complete digital KYC, and receive your policy document — all within minutes.
100% Digital Process
No branch visits required. Complete everything from your phone or laptop with digital KYC verification.
Instant Policy Issuance
Get your insurance policy issued instantly after document verification and payment confirmation.
IRDAI Regulated
All policies sold through Six Finance are issued by IRDAI-regulated insurers, ensuring full legal validity.
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Understanding Term Life & Retirement in India
Everything you need to know about how term life & retirement works, why it matters, and its key benefits for you.
Insurance is a financial contract between you (the policyholder) and an insurance company (the insurer). In exchange for a regular premium payment, the insurer agrees to provide financial compensation in case of specified losses, damages, illness, or death.
In simple terms: You pay a small amount regularly so that when something unexpected happens — an accident, illness, or damage — you don't have to bear the entire financial burden yourself. Insurance provides a safety net for you and your family.
Insurance works on the principle of risk pooling — many people contribute premiums into a common pool, and those who face covered events receive payouts from this pool. This spreads the financial risk across a large group of people.
Features
Key Features of Term Life & Retirement Policies in India
Death Benefit
Lump-sum or monthly income paid to your nominee upon your death.
Tax Savings
Premium deductible up to ₹1.5L under Sec 80C; payout tax-free u/s 10(10D).
Terminal Illness Cover
Advance payout on diagnosis of terminal illness during policy term.
Flexible Payouts
Receive claim as lump sum or structured monthly income for family.
Riders Available
Add critical illness, accidental death & waiver of premium riders.
Explore More
Term Life & Retirement — Explore Related Plans
Find the right coverage by exploring related insurance products tailored to your needs.
Term Insurance
Pure life cover at the lowest cost — maximum sum assured per rupee.
ULIP Plans
Market-linked investment and life cover combined in one plan.
Endowment Plan
Guaranteed returns plus life cover — savings and protection together.
Annuity / Pension
Regular retirement income from accumulated corpus via annuity plans.
Health Insurance
Pair your life cover with comprehensive health protection.
Policy Types
Types of Term Life & Retirement Policies
Understanding the different policy types helps you choose the right level of coverage for your needs.
Term Plan
Pure risk cover — maximum sum assured at the lowest premium available.
Endowment Plan
Life cover plus guaranteed maturity benefit (long-term savings).
ULIP
Market-linked returns with life insurance under a single product.
Money Back Plan
Periodic survival benefits paid out during the policy term.
Whole Life Plan
Coverage for your entire lifetime — up to 99 or 100 years of age.
Six Finance
Why Choose Term Life & Retirement by Six Finance?
Experience a smarter way to buy insurance — built for speed, transparency, and trust.
Fast Policy Issuance
Complete your purchase in under 5 minutes. Instant digital policy delivered to your email and WhatsApp.
Best Premium Comparison
Compare premiums from 20+ insurers side-by-side. Find the most affordable plan that suits your budget.
Trusted Insurers
We partner only with IRDAI-licensed insurers including ICICI Lombard, HDFC ERGO, Bajaj Allianz, and more.
Easy Claim Support
Dedicated claim assistance team to guide you through the entire claim process from filing to settlement.
Secure Online Platform
Bank-grade encryption and secure payment gateways protect your personal and financial information.
Term Premiums
Term Life Insurance Premium Guide
Indicative annual premiums for a healthy non-smoking male with 30-year policy term. Online plan pricing (before GST).
| Age at Entry | ₹50 Lakh Cover | ₹1 Crore Cover | ₹2 Crore Cover |
|---|---|---|---|
| 25 years | ₹3,600 | ₹6,200 | ₹11,800 |
| 30 years | ₹5,200 | ₹8,800 | ₹16,500 |
| 35 years | ₹8,500 | ₹14,200 | ₹26,800 |
| 40 years | ₹14,000 | ₹23,500 | ₹44,000 |
| 45 years | ₹22,000 | ₹38,000 | ₹72,000 |
* Indicative annual premiums before GST (18%). Female applicants pay ~15% lower. Smokers are charged higher premiums.
Premium Factors
How Term Life & Retirement Premium is Calculated
Multiple factors influence the premium you pay. Understanding them can help you optimize your insurance costs.
Age at Entry
The younger you are when you buy a term plan, the lower your annual premium. Premiums increase with age.
Sum Assured (Coverage Amount)
Higher life cover (₹50L, ₹1Cr, ₹2Cr) means higher premiums. Choose based on income replacement needs.
Policy Term
Longer policy durations attract slightly higher annual premiums but provide extended financial protection.
Lifestyle & Health
Smokers, tobacco users, and those with health conditions pay higher premiums due to elevated mortality risk.
Riders & Add-ons
Critical illness, accidental death benefit, and waiver of premium riders increase the total premium outgo.
Example
Understand Term Life & Retirement Premium Structure with Example
Here's how a typical term life & retirement premium is broken down — Term Life Plan — 30-year-old Non-smoker, ₹1 Crore Cover, 30-year Term.
Premium Breakdown
Term Life Plan — 30-year-old Non-smoker, ₹1 Crore Cover, 30-year Term
Base Annual Premium₹8,200
Critical Illness Rider₹1,800
Accidental Death Benefit Rider₹600
Online Discount- ₹820
Net Premium₹9,780
GST @ 18%₹1,760
Total Payable Premium₹11,540
Renewal
Benefits of Renewing Term Life & Retirement Online
Skip the paperwork and renew your policy in minutes from anywhere. Here's why digital renewal is the smarter choice.
Lock-in Premium Rate
Your premium stays fixed for the entire duration — no age-based hike.
Continuous Protection
A lapsed policy means loss of cover — renew every year without fail.
Review Your Coverage
Increase sum assured or add riders at key life milestones.
Sustain Tax Benefits
Annual premium payment maintains your Sec 80C deduction eligibility.
Digital Premium Receipt
Instant payment receipt for income tax filing purposes.
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