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The Orgin of Sspolicy is SECURESMARTER INSURANCE WEB AGGREGATOR PRIVATE LIMITED ( CIN no:- U66000DL2012PTC230210 ) SSPOLICY, is an insurance portal, where any one can buy insurance directly from this portal. We Have backed by a team of insurance professionals having more then 10 years of experience in insurance industry. We have setup the online platform “ Sspolicy “ where an individual can fulfil their insurance requirements directly from this website.

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Life Insurance

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Life Insurance



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Life Insurance?

Life insurance is the best way to create wealth & secure family’s future in the event of unfortunate death of the policyholder. Life insurance can be availed either through “Term plans” that offer life cover for family’s protection or through “Investment Plans” that help in wealth creation with financial security to meet individuals financial goals

Term Insurance is a simple plan, which takes care of the expenses of your family in your absence in the form of a huge life cover for a very small premium. In case of policyholder's untimely death, their family or nominee receives the Cover Amount as per the policy. The plan can be customized to one's needs by including add-on benefits like: Early Payout on Critical Illness, Additional payout on Accidental Death, Additional benefits on Diagnosis of Critical Illness, etc.

Type of Life Insurance Policies in India

  • Term Insurance : The purest and most affordable type of life insurance plan that offers financial coverage to the policyholder against the fixed amount of premiums for a specific duration. In case of policyholder's untimely death, their nominee receives the Cover Amount, as per the chosen policy.
  • Term Return of Premium (TROP) :TROP(Term Return of Premium) is a variant of term insurance that provides an additional feature of Survival benefit. In addition to the life cover, if the policyholder survives the entire Policy Term, then all the premiums are paid back, excluding GST
  • Whole life Insurance :Under Whole Life Insurance, the policyholder is covered till the age of 100 years. If you want to leave a legacy for your family, and ensure that they are always financially covered, then Whole life Term Insurance is the best option for you.

Key Features & Benefits of Life Insurance

  • Financial Security :The primary benefit of a life insurance policy is that it provides long time financial stability to the policyholder’s family in case of any unfortunate event.
  • Death Benefit : In case of any unfortunate event with the policyholder, the insurer provides financial protection in form of a death payout. The appointed nominee receives the entire sum assured plus the bonus accumulated over a time
  • Maturity Benefits : When the policy matures, some life insurance plans offer the policyholder the full premium amount paid during the policy term.
  • Guaranteed Returns : Life insurance plans guarantee that you receive a fixed amount after a specific term. The return you get can help in paying the loan, child’s higher education, and other expenses.
  • Retirement Planning : Annuity-based life insurance plans give a monthly pension to the policyholder on maturity and help plan a secured retirement.
  • Wealth Creation : Life insurance Savings plans such as ULIPs offer wealth creation benefits also. In such plans, you can invest your premium amount in different funds based on the risk appetite. These life insurance policies are good wealth-makers in the long runWorkers’ Compensation Insurance
  • Tax Benefits :Policyholders can avail of tax savings benefit up to Rs. 1.5 Lakhs u/s 80C of the Income Tax Act, 1961, for life insurance premium amount paid. Also, the payout received from an insurer is exempt from tax u/s 10(10D) of ITA and the premium amount paid for riders such as critical illness can be claimed u/s 80D.
  • Flexible premium payment option : Policyholders can choose the frequency of premium payments as per their requirements. For example, you can choose to pay premiums as a lump sum amount for your life insurance policy, or could pay them at periodic time periods like monthly, quarterly, half-yearly, or yearly.
  • Loan Facility :Certain life insurance plans provide the option of a loan and allow to borrow some percentage of plan value or the sum assured depending on the policy T&Cs.

Who Should Buy Term Life Insurance?

Term Life Insurance is for everyone. If any of your family member is dependent on you for their expenses or future needs, then it is highly recommended that you get covered under Term Policy. For example, Your spouse/kids who may be dependent on you currently as well as in future. Similarly your parents who may not be dependent completely on you currently but, may be dependent on their retirement. Buying a Term life Insurance will ensure that your family is not impacted financially in your absence.

How much life cover do I need to protect my family?

Your Cover amount of Term Insurance should be a factor of your family's expenses keeping in mind the inflation as well.
A simple way to calculate is going upto 25x of your annual earnings so as to sufficiently cover your family's financial needs in your absence.

How to File a Life Insurance Claim?

You can file a life insurance claim by following the below steps:

  • You can file a claim online by visiting the official website of the insurer, at the nearest office branch, or on the ClaimCare helpline through e-mail or SMS
  • You can go to the insurer’s claims section to submit an online claim
  • You can also contact the insurer on their toll-free number or inform them over e-mail


The following documents are required to be submitted along with the insurance claim:

  • Statement form of Claimant
  • Death certificate in case of death claims
  • Medical report, diagnosis report, and other required documents
  • ID proof
  • Address proof
  • Cancelled cheque or copy of bank passbook
  • The claim assistance team will then assess your claim and inform you if they need any additional information
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