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Life Insurance Plan
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Customer Ratings & Reviews

Customers Rating

4.6 / 5 (Based on 112 Reviews)

Rakesh Bhatt

“Okbima's life insurance has given me peace of mind for my family's future. The customer service is excellent, and the premium is very affordable”

Sonali Mathur

“Okbima ka life insurance plan lene ke baad bahut relief mil gaya. Coverage kaafi accha hai aur process bhi bahut simple tha”

Gaurav Shukla

“Mujhe Okbima ka life insurance plan bahut pasand aaya. Simple process, fast approval aur affordable premium. 100% recommend”

Ritika Sinha

“I purchased life insurance from Okbima and I am very satisfied with the coverage and benefits. The process was easy and quick”

Manish Tiwari

“Okbima ke life insurance plan ke saath main ab apne family ke liye secure feel karta hoon. Sab kuch clearly explain kiya gaya tha”

Meera Pandey

“Life insurance lene ka process Okbima ke saath bohot asaan aur quick tha. Coverage bhi kaafi accha mil raha hai. Happy with my decision”

Vikash Khandelwal

“I’m really happy with the life insurance I bought from Okbima. The entire process was simple, and I got great coverage at a reasonable price”

Aparna Krishnan

“I purchased a life insurance plan from Okbima, and it’s been a great experience. The process was smooth, and the support team was very helpful”

Tarun Oberoi

“Main ne Okbima se life insurance liya hai, aur mujhe bahut satisfaction mil raha hai. Premium affordable hai aur customer service bhi acchi hai”

Ishita Sehgal

“Okbima life insurance ne meri puri family ko secure feel karwaya hai. Process bohot easy tha aur sab details transparent thi”

Varun Kaur

“Mujhe Okbima ka life insurance plan lene ke baad apne future ko lekar bohot confidence mil gaya hai. Great service and easy process”

Gayatri Mathew

“Okbima ke life insurance plan mein jo coverage mila hai, wo bohot accha hai. Customer service bhi helpful thi. Great experience overall”

Devendra Singh

“Mujhe Okbima life insurance se baht accha experience mila. Sab kuch smooth tha aur mujhe apne policy ke baare mein clarity mili”

Archana Bhattacharya

“Main ne Okbima se life insurance liya hai aur yeh decision bilkul sahi tha. Affordable premium, acchi coverage aur reliable service”

Kunal Sahni

“Okbima offers excellent life insurance plans with clear terms and affordable premiums. I feel secure and confident with my decision.”

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FAQs About Life Insurance

Life insurance plans ensure your family’s financial security in case of your untimely demise. It can cover daily expenses, pay off debts, fund your children’s education, and even act as a retirement savings tool.

You pay regular premiums to the insurer, and in exchange, they provide coverage. If you pass away, the insurer pays a lump sum death benefit to your beneficiaries. Some policies also offer investment components or cash value.

Term life insurance provides coverage for a specific period (e.g., 10 or 20 years) and is more affordable. Whole life insurance offers coverage for your entire life and includes a cash value component that grows over time but is generally more expensive.

Consider factors like your dependents’ needs, outstanding debts, future expenses (e.g., education), and your income. Life insurance calculators available online can also help estimate the coverage amount.

The cost of life insurance depends on several factors, such as your age, health, coverage amount, type of policy, and whether you add any riders. Generally, term life insurance is cheaper than whole life insurance.

Yes, most insurers offer online platforms where you can compare different policies, calculate premiums, and purchase life insurance directly from their websites.

Life insurance riders are additional benefits that you can attach to your policy for enhanced coverage. Common riders include critical illness coverage, accidental death benefits, and waiver of premium.

Many life insurance policies offer flexibility, allowing you to adjust the coverage amount, switch plans, or add riders. However, changes may affect your premiums.

Yes, premiums paid toward life insurance plans are eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, the death benefit is generally tax-free for the beneficiaries under Section 10(10D).

The claim settlement ratio is the percentage of claims an insurer has successfully paid out against the total claims received. A higher ratio indicates a better likelihood of claims being settled efficiently.

If you miss a premium payment, your policy may lapse or be suspended, depending on the insurer's terms. Some policies offer a grace period to make up missed payments without losing coverage.

Yes, you can get life insurance if you have pre-existing conditions, but the insurer may impose higher premiums, or some conditions may be excluded from coverage.

For term life insurance, there is no payout if you outlive the policy. However, for policies like whole life insurance or endowment plans, you may receive the accumulated cash value or maturity benefit.

To file a claim, the beneficiary must contact the insurer, submit the required documents (such as the death certificate), and fill out the claim form. The insurer will then verify the claim and process the payment.

While life insurance is essential for those with dependents, a mortgage, or significant financial obligations, it may not be necessary for individuals without these responsibilities. However, it can still provide peace of mind and act as an investment tool.

Disclaimer

OkBima does not endorse, rate, or recommend any specific insurer or insurance product. The list of plans provided here includes products offered by OkBima’s insurance partners. For a full list of insurers in India, please refer to the Insurance Regulatory and Development Authority of India (IRDAI) website at www.irdai.gov.in.

The availability of ₹1 Crore coverage for an investment of ₹485/month depends on the insurers offering such a plan. It will only be available if provided by the insurer.

The prices quoted by insurers are based on IRDAI-approved insurance plans. All savings and online discounts are provided by insurers according to IRDAI-approved plans. Standard Terms and Conditions apply. Tax benefits are subject to changes in tax laws.

For detailed information on risk factors, terms, and conditions, please read the sales brochure carefully before making a purchase.