Life is unpredictable, but your family’s financial future doesn’t have to be. Buying a term life insurance plan is one of the smartest ways to ensure that your loved ones are protected if something happens to you.
Unlike traditional life insurance policies that combine savings and protection, term insurance is pure protection. It gives you a high coverage amount at very affordable premiums, making it the most popular choice for young professionals, parents, and business owners in Punjab.
In this article, we’ll explain the top benefits of buying term life insurance in Ludhiana, how much coverage you need, and why working with a local broker can help you get the best plan at the lowest price.
A term life insurance policy provides financial protection for your family for a fixed period. If the insured person passes away during the term, the nominee receives a lump sum payout.
- High Coverage at Low Premiums
For as little as ₹600*–₹1,000*/month, you can secure a cover of ₹1 Crore or more. This makes term insurance the most cost-effective way to protect your family’s future.
- Financial Security for Your Family
Your family can use the payout to:
- Pay off loans or EMIs
- Cover household expenses
- Fund children’s education & marriage
- Maintain financial stability
- Tax Benefits
Premiums paid for term life insurance qualify for deductions under Section 80C.
- Customizable Plans
You can add riders (extra covers) such as:
- Accidental Death Benefit
- Critical Illness Cover
- Waiver of Premium
- Income Benefit Rider
This makes the plan more flexible and suited to your family’s needs.
- Peace of Mind
Knowing that your loved ones will be financially secure even in your absence gives you mental peace – and that’s priceless.
✔ We explain policies in simple Punjabi/Hindi/English
✔ Local support – No call center, real people in Ludhiana
✔ IRDA certified Life Insurance Planner
