Life Insurance
Life Insurance is about securing your family’s future. We provide a variety of life insurance options, including Term Insurance, Whole Life Insurance, and Endowment Plans, each designed to provide financial security in case of unforeseen events. Our policies offer flexible premium payment options and substantial coverage amounts to ensure your loved ones are protected.
Why Choose a Life Insurance?
Life insurance is a critical part of financial planning, offering protection and peace of mind for you and your loved ones. It provides a financial safety net in the event of the policyholder’s untimely demise, ensuring that dependents can maintain their standard of living and cover essential expenses like mortgages, education, and daily living costs. At Biyaaj, we partner with leading life insurance providers to offer a range of life insurance plans tailored to meet diverse needs, whether you’re looking for term life, whole life, endowment plans, or unit-linked insurance plans (ULIPs).
Our Life Insurance Features
Our life insurance plans offer extensive coverage that includes death benefits, maturity benefits, and optional riders like critical illness cover, accidental death benefit, and waiver of premium. This ensures that your family’s financial future is secure even in the most challenging circumstances.
Choose from a variety of policy terms ranging from 5 years to lifetime coverage. Whether you need short-term protection or lifelong security, Biyaaj offers flexible policy durations to match your life stage and financial goals.
Life insurance through Biyaaj is designed to be affordable, with flexible premium payment options. You can choose to pay premiums annually, semi-annually, quarterly, or monthly, depending on your financial comfort.
Premiums paid towards life insurance policies are eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, the maturity proceeds and death benefits may be tax-free under Section 10(10D), providing further financial advantages.
For certain policies and coverage amounts, you may not need to undergo a medical exam, making it easier and quicker to secure life insurance. However, higher coverage amounts or certain conditions may require a health check-up.
Enhance your life insurance coverage with a variety of riders, such as critical illness cover, accidental death benefit, disability benefit, and income benefit. These riders provide additional protection tailored to your specific needs.
Life insurance policies from Biyaaj guarantee a sum assured that will be paid out to your beneficiaries in the event of your death, providing them with financial stability during difficult times.
To apply for Life Insurance with Biyaaj, you need to meet the following criteria:
- Age: Generally, individuals between the ages of 18 and 60 are eligible for life insurance. Some policies may offer coverage up to 70 or even 80 years of age.
- Medical History: Depending on the policy, a medical examination or disclosure of your medical history may be required. Non-smokers and those in good health typically receive more favorable premium rates.
- Income: A stable income source is often required to ensure the ability to pay premiums consistently.
[Eligibility Criteria]
Life Insurance
Process
Documents Required
We’ve streamlined the documentation process to make it as efficient as possible. Here’s what you’ll need:
Identity Proof:
PAN Card, Aadhar Card, or Passport of the business owner(s).
Address Proof:
Utility bills, Aadhaar card, Ration card, or Voter ID.
Age Proof:
Birth certificate, Passport, Aadhaar card, or PAN card.
Income Proof:
Salary slips, IT returns, Form 16, or bank statements.
Medical Reports:
Depending on the policy and your age, a medical examination report may be required.
How to Apply
Applying for a Life Insurance with Biyaaj is straightforward:
Consultation:
Begin by discussing your life insurance needs with a Biyaaj advisor. We’ll help you understand the different options available and guide you in selecting the most suitable policy for your situation.
Application and Documentation:
Complete the life insurance application form and submit the necessary documents. You can apply online through our website or visit one of our partner offices.
Medical Examination:
If required, undergo a medical examination arranged by the insurance provider. The results will help determine the premium and coverage.
Premium Payment:
Pay the premium through our secure payment gateway or at a partner office. Once the payment is made, your policy will be activated.
Receive Your Policy:
After successful processing, you’ll receive your life insurance policy document via email or physical mail. Review the policy to ensure that all details are correct and coverage is as discussed.
Life Insurance?
Why Choose Biyaaj?
- Expert Guidance - At Biyaaj, we understand that choosing the right life insurance plan can be overwhelming. Our team of experts is here to guide you through the process, helping you select a policy that aligns with your financial goals and provides maximum protection for your loved ones.
- Tailored Solutions - We offer a wide range of life insurance products from leading providers, allowing you to choose the plan that best suits your needs. Whether you’re looking for pure protection, savings, or investment-linked options, Biyaaj has a solution for you.
- Simplified Process - Applying for life insurance through Biyaaj is straightforward and hassle-free. We assist you at every step, from selecting the right plan to submitting the required documents, ensuring a smooth and efficient process.
- Competitive Premiums - Our life insurance plans are competitively priced, ensuring that you get the best value for your money. We work closely with top insurance providers to offer policies with attractive premium rates and comprehensive coverage.
- Dedicated Claims Support - In the unfortunate event of a claim, Biyaaj’s dedicated claims support team is there to assist your beneficiaries. We ensure a smooth and prompt claims process, helping your family receive the benefits they deserve without unnecessary delays.