Term Life Insurance

Pure life insurance providing financial protection to your family with lump sum death benefit in case of your demise during policy term. Most affordable life insurance option.

Types of Term Plans:

Level Term

Sum assured remains constant throughout policy term

Increasing Term

Sum assured increases annually to keep pace with inflation

Decreasing Term

Sum assured decreases (suitable for loans)

Return of Premium Term

Premium refunded if you survive policy term (higher premium)

Who Should Purchase:

  • Sole breadwinners with dependents
  • Married individuals with children
  • Individuals with loans (home loan, personal loan)
  • Self-employed professionals
  • Anyone with financial dependents

Coverage Amount

Typically 10-20 times annual income (₹25 lakhs to ₹10 crores)

Why Essential:

  • Protects family’s financial future
  • Covers outstanding debts and liabilities
  • Ensures children’s education and lifestyle
  • Most affordable life insurance
  • Peace of mind for breadwinner

Premium: Starts from ₹500-₹1,000 per month for ₹50 lakh-₹1 crore cover (for young, healthy individuals)

  • High life cover at low premium (pure risk cover, no maturity benefit)
  • Death benefit paid to nominee as lump sum
  • Optional riders: Accidental death benefit, critical illness, waiver of premium
  • Flexible policy terms: 10, 15, 20, 25, 30 years or till age 60/65/75/100
  • Online policies available with instant issuance
  • Tax benefits: Premium under Section 80C, death benefit under Section 10(10D)
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  • Critical illness rider
  • Accidental death benefit (double cover)
  • Permanent disability rider
  • Waiver of premium on disability/critical illness

Passionate – Dedicated – Professional

what people are saying

Hear what our valued clients have to say about their experience with BP Risk.

Quotes Dark

Excellent service for my family’s health insurance and term plan. They explained everything clearly and helped me choose the right coverage.

Priya Sharma – Retail Client

Quotes Dark

Made buying home insurance so simple. Great support during claim settlement too. Highly recommend for individual insurance needs.

Deepak Verma – Retail Client – Kolkata