Term Insurance

Overview

Term Insurance is a pure life insurance product that provides financial protection to your family in case of your unfortunate death during the policy term. It is one of the most affordable and simplest forms of insurance, offering high coverage at low premiums.

Unlike other insurance products, Term Insurance focuses purely on life protection and does not include savings or investment components. The nominee (your family member) receives a lump sum payout (death benefit) if the policyholder passes away during the term.

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    Key Benefits of Term Insurance

    High Coverage at Low Premiums

    Get large life cover at affordable costs.

    Flexible Policy Terms

    Choose coverage from 5 years up to 40 years or more.

    Multiple Payout Options

    Lump sum, monthly income, or a combination of both.

    Critical Illness Cover (Optional Add-on)

    Protection against life-threatening illnesses.

    Tax Benefits

    Premiums paid qualify for deductions under Section 80C & 10(10D).

    Rider Benefits

    Add-ons like accidental death cover, disability cover, and waiver of premium.

    Types of Term Insurance Plans

    Level Term Plan
    Increasing Term Plan
    Decreasing Term Plan
    Return of Premium (ROP) Plan
    Convertible Term Plan
    Group Term Insurance

    How to Buy Term Insurance With Onclock

    Assess Your Coverage Needs

    Decide the amount needed to secure your family’s future.

    Choose Policy Tenure

    Select term length as per age and financial goals.

    Compare Plans

    Review different premium and benefit options.

    Fill Application Form

    Provide personal and health details online.

    Medical Check-up

    Complete required medical tests, if applicable.

    Pay Premium

    Make payment securely.

    Advantages of Choosing OnClock Term Insurance

    🔹 Financial Security for Your Family
    OnClock Term Insurance ensures that your loved ones are financially protected even in your absence. The lump sum payout helps cover household expenses, children’s education, marriage, and long-term commitments without financial stress.

    🔹 Affordable Premiums, High Coverage
    We offer one of the most cost-effective term plans, giving you the flexibility to secure a high sum assured at a premium that fits your budget. This allows you to maximize protection without compromising on other financial goals.

    🔹 Customizable Plans with Riders
    Every family has unique needs. OnClock lets you enhance your coverage with optional riders such as critical illness cover, accidental death benefit, disability cover, and waiver of premium—ensuring complete protection tailored to your lifestyle.

    🔹 Seamless Digital Experience
    From policy purchase to renewal and claim tracking, everything can be managed 100% online. Our user-friendly platform makes buying insurance quick, convenient, and hassle-free.

    🔹 Transparent & Quick Claim Settlement
    We understand the importance of timely financial support. That’s why OnClock ensures a smooth, fair, and fast claim settlement process with no hidden conditions—helping your family when they need it the most.

    🔹 Expert Guidance at Every Step
    Choosing the right term plan can be confusing. Our dedicated insurance experts guide you through coverage assessment, rider selection, and claim assistance so you always make informed decisions.

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