Term Life Insurance Tirunelveli
டேர்ம் இன்சூரன்ஸ் — ₹1 கோடி கவரேஜ் ₹800/மாதம்
Protect your family with ₹1 Crore life cover at just ₹800/month. SBI Life eShield Next — India's most trusted term plan. SBI Life agent IA991417824.
டேர்ம் இன்சூரன்ஸ் ஏன் அவசியம்? (Why Term Insurance?)
If you earn ₹5–10 lakhs/year and have a family depending on you, term insurance is the most important financial product you can buy. For just ₹800–1,200/month, you get ₹1 Crore coverage. If you pass away unexpectedly, your family receives ₹1 Crore — enough to pay off the home loan, fund children's education, and replace 10–15 years of your income. Without term insurance, your family faces financial devastation. With it, they are protected no matter what happens.
Premium Table — ₹1 Crore Term Insurance
| Age | Cover | Term | Monthly Premium |
|---|---|---|---|
| 25 years | ₹1 Crore | 35 years | ₹600–800/month |
| 30 years | ₹1 Crore | 30 years | ₹800–1,200/month |
| 35 years | ₹1 Crore | 25 years | ₹1,200–1,800/month |
| 40 years | ₹1 Crore | 20 years | ₹2,000–3,000/month |
| 45 years | ₹1 Crore | 15 years | ₹3,500–5,000/month |
*Indicative premiums for non-smoker male. Actual premium depends on health, occupation, and plan variant.
Term vs LIC Endowment — Buy Term, Invest the Rest
LIC Endowment (Jeevan Anand)
- ✗Cover: ₹10–20 lakhs
- ✗Premium: ₹3,000–5,000/month
- ✗Returns: 4–6% (very low)
- ✗Maturity: ₹15–25 lakhs after 20 years
- ✗Combines insurance + savings (inefficiently)
Term + SIP Strategy (Recommended)
- ✓Cover: ₹1 Crore term insurance
- ✓Term premium: ₹800–1,200/month
- ✓SIP with remaining ₹2,200/month
- ✓SIP at 12% for 20 years = ₹22 lakhs
- ✓Better protection + better returns
அடிக்கடி கேட்கப்படும் கேள்விகள் (FAQ)
What is term insurance?
Term insurance is a pure life insurance plan. If the policyholder passes away during the policy term, the nominee receives the sum assured (e.g., ₹1 Crore). There is no maturity benefit — it is pure protection at a very low premium.
How much term insurance do I need?
Rule of thumb: Sum assured = Annual income × 10–15 times. Also add outstanding home loan amount. Example: Annual income ₹6 lakhs + home loan ₹20 lakhs → need ₹80 lakhs–1.1 Crore cover. PRinvins calculates your exact need.
What is the premium for ₹1 Crore term insurance?
For a 30-year-old non-smoker, ₹1 Crore cover for 30 years costs approximately ₹800–1,200/month with SBI Life eShield Next. Premium increases with age — the earlier you buy, the lower the premium for life.
Is term insurance premium tax deductible?
Yes — term insurance premium qualifies for Section 80C deduction up to ₹1.5 lakh/year. The death benefit received by the nominee is also fully tax-free under Section 10(10D).
How to buy term insurance in Tirunelveli?
Call PRinvins at +91 88700 17893. We are an authorised SBI Life agent (IA991417824) in Tirunelveli. We calculate your insurance need, compare plans, and help you complete the application. Free consultation — no pressure.
உங்கள் குடும்பத்தை பாதுகாக்க இன்றே தொடங்குங்கள்!
PRinvins Wealth Advisory, Tirunelveli — SBI Life agent IA991417824