MoneyLens / Term life insurance
Your life cover, explained.
Mahanadi Term Return · Mahanadi Life Insurance Ltd
Illustrative
Term life · Return of premium · Before buying
Quote 12 Oct
Life cover
₹1,00,00,000
lump sum
Cover until
Age 62
in 2056, if bought today
Premium
₹28,000
a year for 30 years
3-year rule
3 years
from the start
₹1,00,00,000 of life cover until age 62, ₹28,000 a year for 30 years, with 100% of the base premiums back if alive at the end. For the first 3 years, a claim can be questioned for anything not disclosed in the proposal.
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