MoneyLens / Term life insurance
Your life cover, explained.
Kaveri Smart Term · Kaveri Life Insurance Ltd
Illustrative
Term life · Pure protection · Policy held
Policy 6 Oct
Life cover
₹1,00,00,000
lump sum
Cover until
Age 65
in 2061
Premium
₹18,300
a year for 35 years
3-year rule
6 Oct 2029
until then, disclosure can be questioned
₹1,00,00,000 of life cover until age 65, ₹18,300 a year for 35 years. Until 6 Oct 2029 a claim can be questioned for anything not disclosed.
Myra's most important observations
What Myra found for you
From your documents · each figure opens its findingAt risk
If it happens: scenarios, not added together
What changed from your quote
5 changesThe benefit illustration of 18 Sep 2026 against the policy schedule. The policy's figures are the ones that apply.
| Item | Quoted | In the policy |
|---|---|---|
| Life cover | ₹1,00,00,000 | ₹1,00,00,000 |
| Premium a year, with riders | ₹15,600 | ₹18,300Changed |
| ₹2,700 a year more than quoted. After the medical check-up or the proposal's answers, an insurer can charge an extra premium (often called a loading); the reason is the insurer's to give, in writing. | ||
| Base premium a year | ₹13,200 | ₹16,500Changed |
| Cover until | Age 70 | Age 65Changed |
| The cover ends earlier than quoted. | ||
| Premiums paid for | 40 years | 35 yearsChanged |
| Tobacco user | No | No |
| Return of premium | No | No |
| Death benefit paid as | Lump sum | Lump sum |
| Riders | Accidental death, Waiver of premium | Accidental deathChanged |
| Not in the policy: waiver of premium. A rider in the quote but not in the policy isn't cover you have. | ||
Free look until about 8 Nov 2026: the policy can be returned for any reason until then.
Six questions, answered
Tap an answer for the detail01What's in this check
- PolicyKaveri Smart Term
- InsurerKaveri Life Insurance Ltd
- KindLevel cover
- Age at entry30
- Cover started6 Oct 2026
- DocumentsBenefit illustration · Policy schedule
02In short
₹1,00,00,000 of life cover until age 65, ₹18,300 a year for 35 years. Until 6 Oct 2029 a claim can be questioned for anything not disclosed.
03Key numbers
Policy heldLife cover
₹1,00,00,000
Level
Cover until
Age 65
2061
Premium
₹18,300
Yearly · with riders
Premiums in all
₹6,40,500
35 years
Riders
1
Accidental death
04Important findings
Most important first · tap to expandThe free look is 30 days from receiving the policy document. Returned within it, for any reason, the premium comes back less the cover for the days you had, stamp duty and any medical check-up costs.
Policy p.1, Despatch · Policy p.1, Date of commencement of risk
Coming up
8 Nov 2026
the free look ends
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- A premium every year for 35 years to keep the cover
- Everything disclosed in the proposal: health, habits, income, other policies
- The nominee kept up to date, and told the policy exists
06What can change
- PremiumFixed for the term, as the schedule states
- CoverStays the same
- RulesIRDAI's and the tax rules, by their dates
07Getting out
- Free look30 days from receiving the policy
- Stopping premiumsCover ends; no refund
- RevivalWithin 5 years of the first unpaid premium