MoneyLens / Term life insurance
Your life cover, explained.
Godavari iProtect Term · Godavari Life Insurance Ltd
Illustrative
Term life · Pure protection · Before buying
Quote 16 Oct
Life cover
₹1,50,00,000
lump sum
Cover until
Age 65
in 2061, if bought today
Premium
₹22,700
a year for 35 years
3-year rule
3 years
from the start
₹1,50,00,000 of life cover until age 65, ₹22,700 a year for 35 years. For the first 3 years, a claim can be questioned for anything not disclosed in the proposal.
Myra's most important observations
Cover
- Life cover₹1,50,00,000
- Over timeLevel
- Cover untilAge 65 (2061)
- Age at entry30
- Tobacco userNo
- Return of premiumNo
Premiums
- Base premium, a year₹17,600
- Riders, a year₹5,100
- PaidYearly
- For35 years
- In all₹7,94,500
- GST0%
Paid on death
- AsLump sum
- At once₹1,50,00,000
Riders
2- Critical Illness Benefit RiderCritical illness · paid out of the life cover₹25,00,000₹4,200 a year
- Waiver of Premium on DisabilityWaiver of premium—₹900 a year
Everything Myra read
14 terms| Term | Value | Source |
|---|---|---|
| Product name | Godavari iProtect Term | Illustration p.1 |
| Document date | 16 Oct 2026 | CIS p.1 |
| Life cover (sum assured) | ₹1,50,00,000 | Illustration p.1, Plan details |
| Cover over time | Level | Illustration p.1, Plan option |
| Return of premium | No | Illustration p.1 |
| Death benefit paid as | Lump sum | Illustration p.1, Death benefit option |
| Premium, a year | ₹17,600 | Illustration p.1, Premium |
| Rider premiums, a year | ₹5,100 | Illustration p.1, Riders |
| Premium paid | Yearly | Illustration p.1 |
| Premiums paid for | 35 years | Illustration p.1, Premium paying term |
| Cover for | 35 years | Illustration p.1, Policy term |
| Cover until age | 65 | Illustration p.1, Cover till age 65 |
| Age at entry | 30 | Illustration p.1, Age of life assured |
| Tobacco user | No | Illustration p.1, Tobacco user: No |