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Level Term Life Insurance policy
Term insurance may sound complicated to a lot of people and be overwhelming but that’s not necessarily the case. If you do plan to buy a policy you must ensure that you understand the difference and pick the right policy that meets your needs otherwise you will end up paying more term insurance premiums than you expect.
Find out more in our helpful guide explaining in detail about Level Term Insurance and how it can financially support your loved ones if you pass away.
1 Crore Term Insurance@ Rs.21/day***
To delay is to regret
You may not always be around to take care of your family. And that’s when a term plan ensures your family is well protected.
-
Return of Premium (ROP) Option^
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17% Online Discount**
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Same Day Claim Processing#
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100% Claims guaranteed15
:1800-266-9777
What is a Level Term Life Insurance policy?
Table of Content
What is a Level Term Life Insurance policy?
Level Term Insurance is a life insurance policy where the policyholder pays fixed term insurance premiums throughout the policy tenure, in other words, the amount of cover is ‘Level’. It is cost effective and pays death benefits to the nominee in event of sudden demise of the policy holder during the entire tenure of the policy. This means you can protect your family's financial future without burning a hole in your monthly budget with excessive premium payments.
Why should you opt for a Level Term Life Insurance policy?
You may not always be around to look after your family and hence a Level Term Life Insurance will payout the death benefits to your nominee or family to fulfill any financial obligations they may have. The Level Term Insurance Plan covers typically a period of 10 to 30 years. It certainly gives you the peace of mind knowing it will cover any expenses, household bills, education, loans, etc. in your absence.
Key features and benefits of Level Term Life Insurance policy
Straight Forward:
This policy is very transparent, basic and easy to understand. The policyholder is always aware of the term insurance premium amount which stays the same during the tenure and how much the beneficiary will receive unless you outlive the policy tenure. There are also no hidden charges applicable on this policy.
Tenure:
It typically offers 5, 10, 15, 20 or even 30 years tenure so you can choose the coverage based on your life goals.
Cost:
It is also cost effective and can help you effortlessly budget everything along with your everyday expenses and cost of living.
Stability:
It is a stable plan as it allows the policyholder to decide the maturity amount by mutual decision between the insured and the insurer.
Payout:
The benefit is paid out in lump sum and generally tax-free.
Health Benefit:
If your health is good you can avail health benefits in this plan that will allows you to get higher coverage easily.
Yearly Renewal:
The policy renewal happens every year. When the tenure of your policy expires, so does your life insurance cover.
To wrap it up, whichever type of Life Insurance policy you take out, you have to ensure that the financial protection of your loved ones are protected. Having said that, Level Term Insurance is the most preferred as it is not only affordable but you do not have to worry about increasing premium or decreasing sum.
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Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
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Here's all you should know about life insurance.
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HDFC Life
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We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
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*Online Premium for Life Option, Male Life Assured, Non-Smoker, 20 years of age, Policy term of 25 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Monthly Premium of Rs1047/30=34.9)
***Online Premium for Life Option for HDFC Life Click 2 Protect Super (UIN: 101N145V07), Male Life Assured, Non-Smoker, 20 years of age, Policy term of 25 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Monthly Premium of 622/30=20.7).
**7% online discount available on 1st year premium only
^ Available under Life & Life Plus plan options
#Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved
@As per integrated annual report FY24-25, available on www.hdfclife.com. As of May 2025
15. HDFC Life Click 2 Protect Ultimate(UIN: 101N179V01) A Non-Linked, Non-Participating, Individual, Pure Risk Premium/Savings Life Insurance Plan. The policy must be in force on the date of death, with all premiums fully paid, except for the exclusion clauses mentioned in Part F of the policy document.
ARN: ED/07/22/28171
