Term Life Insurance in Guwahati

This is one of the most searched life insurance questions in India — and the answer can save your family lakhs of rupees.

Term Insurance:
• Pure life cover — if you pass away during the policy term, your family gets the full sum assured
• Very low premium — ₹1 crore cover can cost as little as ₹700–₹1,000/month for a 30-year-old
• No maturity benefit — if you survive the term, there is no payout (unless you choose "Return of Premium" option)
• Best for: Income replacement for your family

LIC Endowment / Traditional Plans (like Jeevan Anand, Money Back):
• Combines insurance + savings — you get money back on maturity
• Higher premium for much lower cover (e.g., ₹10 lakh cover for ₹5,000/month)
• Returns are typically lower than FD or mutual funds
• Best for: Disciplined long-term savings with guaranteed returns

Our recommendation: Buy a Term Plan for protection (high cover, low cost) + a separate investment (FD/MF/LIC) for savings. Don't mix insurance with investment.

A simple rule of thumb used by financial advisors: 10–15 times your annual income.

For example:
• Annual income ₹5 lakh → Cover needed: ₹50–75 lakh
• Annual income ₹8 lakh → Cover needed: ₹80 lakh – ₹1.2 crore
• Annual income ₹12 lakh → Cover needed: ₹1.2–1.8 crore

Also factor in:
• Outstanding home loan balance
• Children's education costs (10–15 years)
• Any other debts or liabilities

This ensures your family can maintain their lifestyle, repay all debts, and fund children's education — even if you are no longer there. Call us for a free life insurance needs analysis tailored to your situation.

What happens depends on how many premiums you have already paid:

Term Insurance:
• Most term plans have a 30-day grace period after the due date
• If not paid within the grace period, the policy lapses — no cover, no claim
• You can revive a lapsed term policy within 5 years by paying all unpaid premiums + interest

LIC / Traditional Endowment Plans:
• If premiums paid for less than 3 years — policy lapses and you lose all money paid
• After 3 years — policy acquires a "paid-up value," giving reduced cover even if you stop paying
• Surrender value is available after 3 years (but usually lower than premiums paid)

Never let a life insurance policy lapse. If you're struggling with premiums, call us at 70996 09955 — we can help you explore options like reducing cover, using paid-up value, or switching to a more affordable plan.

Yes! A homemaker's contribution to the family has immense economic value — childcare, household management, and care of elderly parents — and this can be insured.

• Most insurers allow you to take a term plan for a homemaker spouse • The cover amount is typically linked to the earning spouse's income (usually 50–100% of the working spouse's cover) • Premium is often lower for women as female life expectancy is higher

If something were to happen to a homemaker spouse, the family would need to pay for childcare, cooking, and domestic help — easily ₹15,000–₹30,000/month. Life insurance covers this real financial risk. Contact us to explore the right plan.

Depending on your age, the cover amount and your health, the insurer may ask for a medical check-up — usually arranged by the insurer. Always declare existing illnesses and habits like smoking honestly: non-disclosure is the most common reason life claims are rejected.