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About SIMFINN Term Insurance
Life is unpredictable, and securing your family’s financial future should be a top priority. SIMFINN Term Insurance provides a high sum assured at an affordable premium, ensuring that your loved ones remain financially secure even in your absence. This pure protection plan offers a lump sum payout to the nominee in case of the policyholder’s unfortunate demise, helping cover daily expenses, outstanding debts, children’s education, and long-term financial goals. With customizable coverage options, flexible premium payment modes, and tax benefits, SIMFINN Term Insurance is a reliable way to secure your family’s future.
Whether you are a salaried individual, self-employed professional, or business owner, SIMFINN offers comprehensive term insurance plans that cater to different financial needs. The policy also comes with optional riders such as critical illness cover, accidental death benefit, and disability protection, providing enhanced coverage beyond just life protection. With easy online application, quick approvals, and hassle-free claim settlement, SIMFINN Term Insurance ensures complete peace of mind for you and your loved ones.
Features & Benefits of Term Insurance
Term Insurance Eligibility Criteria
Life Insurance Premium Calculator
Annual Premium: 0 INR
Our Clients
Our home loan clients trust us to provide tailored financial solutions that make homeownership more accessible and affordable. With competitive interest rates, flexible repayment options, and a seamless application process, we help individuals and families achieve their dream of owning a home. Our commitment to customer satisfaction ensures personalized service and expert guidance at every step.
98%
Satisfied Customers
84%
Home Loans Disbursed
88%
Loan Approval Rate
Documents Required For Term Insurance
- Aadhaar Card
- PAN Card
- Voter ID
- Passport
- Driving License
- Aadhaar Card
- Utility Bill (Electricity/Water/Gas—Recent 3 Months)
- Rental Agreement
- Passport
- Birth Certificate
- School Leaving
- Certificate
- Passport
- PAN Card
- Salary Slips (Last 3 Months)
- Income Tax Returns (ITR) for the Last 2 Years
- Bank Statements (Last 6 Months)
- Form 16 (For Salaried Individuals)
Required for applicants above a certain age (typically 45 years and older) or those opting for high sum assured policies.
Two passport-sized photographs of the applicant.
Secure Your Family’s Future with SIMFINN Term Insurance Protect Your Loved Ones with a High Sum Assured
FAQs About Term Insurance
Term insurance is a pure life insurance policy that provides financial protection to your family in case of your untimely demise. If the policyholder passes away during the policy term, the nominee receives a lump sum payout.
Term insurance is ideal for salaried individuals, business owners, and self-employed professionals who have financial dependents. It helps ensure that your family remains financially secure in your absence.
It is recommended to take coverage that is at least 10 to 15 times your annual income to ensure that your family can cover living expenses, loans, and future financial goals.
A medical test is required based on age, health condition, and sum assured. For lower coverage amounts and young applicants, a medical test may not be necessary.
Yes, SIMFINN offers optional riders such as Accidental Death Benefit, Critical Illness Cover, Disability Protection, and Waiver of Premium to enhance your coverage.
Term insurance is a pure risk cover, so there is no maturity benefit if the policyholder survives the policy term. However, some plans offer a Return of Premium (ROP) option, where the total premiums paid are refunded upon maturity.