Life Insurance

While various life insurance products exist, Term Insurance remains the purest and most cost-effective way to achieve high-value financial protection.

Term insurance provides a large amount of coverage (Sum Assured) for a specific period (term) in exchange for relatively low premiums. If the policyholder passes away during the term, the full Sum Assured is paid to the nominee.

• [Compare Term Plans]

• Your Tool for Smart Decisions: Use our specialized engine to instantly compare term policies based on critical factors like Claim Settlement Ratio (CSR), premium rates, policy tenure, Sum Assured options, and riders. We ensure you make a choice based on data and transparency, not guesswork.

• Term Plans with Return of Premium (TROP)

• Protection Meets Savings: TROP is a variation of traditional term insurance. It functions similarly, providing death benefit coverage throughout the term. However, if the policyholder survives the entire policy term, all the premiums paid (excluding taxes and rider premiums) are returned to them. This option is ideal for those who want the safety of a term plan but also require a maturity benefit.

• [Explore TROP Options]

• Life Insurance Companies (Our Partners)
  • Reliability is Key: Your policy is only as strong as the insurer behind it. bimavale partners only with IRDAI-registered companies known for high solvency ratios and robust financial stability. We provide real-time data on all our partner companies, allowing you to choose an insurer whose long-term financial health meets your standards of trust.
  • [View Partner Insurers & Details]

We have streamlined the entire process of getting protected, making it entirely digital and highly efficient.

I would be happy to update the "Buy Life Insurance" section of the content to focus on an offline, personalized assistance process, replacing the current online steps.

Here is the revised paragraph for the "Life Insurance Hub" content:

• Rather than relying solely on digital forms, the bimavale process is driven by personalized expert consultation. We begin with a detailed, confidential assessment (in-person or over the phone) to calculate your ideal coverage amount using the Human Life Value (HLV) principle and your specific financial goals. Our dedicated advisor then curates and presents the best policy options based on your needs, assists you with the physical application form, handles document collection, and personally coordinates the schedule for any required medical examination. We provide continuous, one-on-one support and follow-up until your policy is successfully issued and delivered to you.

• [Buy Life Insurance]

​Life insurance offers two profound benefits: financial security for your family and significant tax advantages for you.

Premiums paid and benefits received under life insurance policies are largely tax-advantaged under the Income Tax Act, 1961:

• Section 80C: Premiums paid towards a life insurance policy are eligible for deduction from your taxable income up to a limit of ₹1.5 lakh per financial year.

• Section 10(10D): The maturity amount (in the case of TROP or endowment plans) or the death benefit received by the nominee is generally completely tax-exempt in the hands of the recipient, subject to certain conditions regarding the premium amount.

• [Learn More About Tax Benefits]

The claim is the reason you buy the policy. We consider our job unfinished until your family's claim is settled quickly and seamlessly.

• bimavale Claim Advocacy: Our dedicated team assists your nominee with every step of the process—from initial intimation and gathering necessary documents (Death Certificate, policy papers, nominee KYC) to continuous follow-up with the insurer. We aim to ease the administrative burden on your family during their difficult time, ensuring the payout is received promptly.

• Focus on CSR: We prioritize insurers with the highest Claim Settlement Ratios, giving your family the highest statistical chance of a fast, smooth claim experience.

• [Get Claim Process & Support]

We don’t just sell policies; we help secure futures. With bimavale, you get expert advice, the power to compare the entire market, and unwavering support when your family needs it most. Take the step today to secure your legacy.