Term Plan in Daman

Affordable Life Insurance for a Secure Future

Life is full of uncertainties, but protecting your family’s financial stability shouldn’t be one of them. Shah Finserv offers customized term insurance plans in Daman to provide maximum coverage at budget-friendly premiums. Whether you're a working professional, industrial worker, or entrepreneur, our policies ensure your family remains financially secure in case of unexpected events.

 

Why Choose Shah Finserv for Term Insurance in Daman?

  • Affordable Premiums for High Coverage – Get substantial financial protection without straining your budget.
  • Tailored Plans for Every Individual – Choose from multiple term plans that suit your income and lifestyle.
  • Flexible Payment Options – Pay monthly, quarterly, or annually, depending on your financial preference.
  • Quick & Hassle-Free Claim Settlement – Our streamlined process ensures fast claim approval with minimal paperwork.
  • Trusted & Experienced – With years of industry expertise, Shah Finserv has helped countless families in Daman secure their future.

 

Benefits of Term Insurance in Daman

  1. Financial Protection for Your Family – Your loved ones will receive a lump sum payout in case of any unfortunate event.
  2. Critical Illness Coverage – Add an optional rider to receive financial support if diagnosed with a serious illness.
  3. Accidental Death & Disability Benefits – Additional security in case of unforeseen accidents.
  4. Tax Benefits – Enjoy tax deductions on premiums paid under Section 80C of the Income Tax Act.
  5. Loan & Debt Coverage – Ensures your family doesn’t bear the burden of unpaid loans or mortgages.
  6. Peace of Mind – Knowing that your loved ones will be taken care of offers a sense of security and confidence.

 

Types of Term Plans Available in Daman

1. Standard Term Insurance

  • Pure life coverage without maturity benefits.
  • Ideal for individuals seeking maximum protection at minimal costs.

2. Return of Premium Term Plan

  • Refunds all paid premiums if you survive the policy term.
  • Best for those looking for insurance with a savings component.

3. Term Plan with Riders

  • Customize your policy with critical illness, accidental death, or disability riders.
  • Get additional coverage without purchasing separate policies.

 

How to Get a Term Plan in Daman?

Step 1: Request a Quote

Visit our website or contact us to get a personalized term insurance quote.

Step 2: Select the Best Plan

Our insurance advisors will help you choose a plan that matches your income and coverage needs.

Step 3: Submit Required Documents

Provide essential details like ID proof, address proof, income records, and medical reports (if required).

Step 4: Complete Payment

Make your premium payment online or at our office through your preferred payment mode.

Step 5: Policy Issuance & Activation

Once approved, your term insurance coverage becomes active, ensuring financial security for your family.

 

Success Stories and Testimonials 

What Our Clients Say – Real Stories from Daman

"Choosing Shah Finserv for my term insurance was the best decision. Their team guided me through the entire process, making it hassle-free. Now, I have peace of mind knowing my family is financially protected."

— Amit Desai, Daman

 

Frequently Asked Questions (FAQs) About Term Insurance in Daman

1. What is term insurance, and how does it work?

Term insurance is a life coverage policy that ensures a lump sum payout to your nominee in case of your untimely demise.

2. How much life coverage do I need?

A general rule is to opt for a sum assured that is at least 10-15 times your annual income.

3. Will I get maturity benefits if I survive the policy term?

  • Pure term plans have no maturity benefits.

  • Return of Premium Plans refund the total premiums paid if you outlive the policy.

4. Can I enhance my coverage with riders?

Yes, you can include critical illness, accidental death, or disability riders for extra security.

5. Is term insurance better than whole life insurance?

  • Term insurance offers higher coverage at a lower premium but doesn’t have investment benefits.

  • Whole life insurance includes a savings component but comes at a higher premium cost.

6. Can I purchase a term plan for my spouse?

Yes, we offer joint life term insurance plans for couples looking for combined coverage.

7. How do I file a claim?

The nominee needs to submit:

  • Death certificate
  • Policy documents
  • KYC and nominee identification
  • Medical reports (if applicable)

8. Are term insurance premiums tax-exempt?

Yes, you can claim tax deductions under Section 80C on premiums paid.

9. Can I increase my sum assured later?

Certain policies allow for coverage upgrades. It’s best to opt for a higher sum assured from the start.

10. What happens if I miss a premium payment?

Most plans provide a grace period of 30 days. If payment isn’t made within this period, the policy may lapse but can be reinstated.

 

Secure Your Family’s Future in Daman Today!

Don't wait for uncertainties to strike—take charge of your family's financial security today with Shah Finserv’s term insurance plans.

Call Us: 9824533212

Visit Us: Shah Finserv, 22, Silver Plaza, Opp. Daman Industrial Estate, Daman - 396210

Apply Online: www.shahfinserv.com/contact

 

Plan Today for a Secure Tomorrow!

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Benefits