Term Insurance Plan

Protect yourself and your family from life’s uncertainties with term insurance. It is a useful product to cover against the risk of demise and to protect your family against an outstanding loan.

Highlights

High Protection at Low Premium: Offers significant amount of life cover at low premium.
Risk Coverage: Payout of sum insured in case of demise of the policyholder to the nominee.
Maturity Benefit: Upon survival, policyholder is paid back the premium paid during the policy tenure, in case of Return of Premium option opted by the policyholder.
Adjustable Cover: Term plans have the option to opt for increase or decrease of insurance cover depending on the evolving financial needs.
Tax Benefit: Policyholder can avail tax benefit under Section 80C and Section 80D of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein. Kindly note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or realisation of benefits by policyholder. It is advisable to seek independent advice.
Rider Benefit: Enhance the risk coverage by adding riders to your policy at a nominal cost.

DCB Bank Ltd. is licensed by Insurance Regulatory and Development Authority of India – IRDAI under registration number #CA0089 for conducting its Bancassurance business. Participation by Bank’s clients in insurance products is purely on voluntary basis.