Compare 25+ insurance plans from India's top IRDAI-registered insurers, in minutes. No spam calls. No hidden charges. No pressure. Just the right policy for you.
Find the right plan at the right price in minutes.
Make confident insurance decisions with complete transparency, zero pressure, and support that stays with you.
Choose insurance with clarity, not confusion. Make the right choice without pressure or guesswork.
Plans are ranked based on coverage, claim performance, and real value. Not influenced by commissions or partnerships.
Support beyond purchase. We guide you from documentation to final settlement.
No aggressive calls. No forced decisions. You explore and move forward only when you are ready.
Go from search to coverage in just a few minutes.
Share basic details through WhatsApp or a short form
View real-time quotes from IRDAI-approved insurers.
We explain what matters so you can decide confidently
Complete your purchase and receive your policy instantly
Compare plans, get real-time quotes, and complete your purchase seamlessly.
Compare multiple plans side-by-side on price, coverage, and benefits in one clear view.
Get accurate pricing instantly from top insurers without waiting or callbacks.
Explore, compare, and get quotes directly on WhatsApp. No long forms or logins.
Complete your purchase online and receive your policy within minutes.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
A standard health insurance policy covers in-patient hospitalisation (room rent, ICU charges, surgeon and anaesthesiologist fees, medicines during admission), day-care procedures that do not require 24-hour admission, pre and post-hospitalisation expenses typically for 30 to 60 days, and ambulance charges. Comprehensive plans also cover domiciliary treatment, AYUSH therapies, and organ donor expenses. Always check sub-limits on room rent and specific illness caps before you buy.
A waiting period is the time after policy purchase during which certain claims are not payable. The initial waiting period is typically 30 days for all illnesses except accidents. Pre-existing diseases (like diabetes or hypertension) generally have a waiting period of 2 to 4 years depending on the insurer. Specific illnesses such as cataracts, hernia, or knee replacement often have a 1 to 2 year waiting period. Choosing a policy with shorter waiting periods is often worth the slightly higher premium, especially if you have pre-existing conditions.
The Claim Settlement Ratio is the percentage of total claims an insurer paid out in a financial year. For example, a CSR of 98% means 98 out of every 100 claims were settled. It is one of the most important indicators of insurer reliability, a cheap premium from an insurer with a poor CSR is a false economy. IRDAI publishes annual CSR data for all registered insurers. On Policy Kholo, we display the CSR of every recommended insurer upfront so you can compare it alongside the premium.
Yes. A Family Floater health insurance plan covers you, your spouse, and dependent children under a single sum insured, which is typically more cost-effective than buying individual plans for each member. However, the entire sum insured is shared, so if one member makes a large claim, others have reduced cover for that year. For senior citizen parents, a separate senior citizen health plan is usually recommended as it offers more relevant benefits at an appropriate premium.
Yes. Under Section 80D of the Income Tax Act, you can claim a deduction of up to ₹25,000 per year on premiums paid for yourself, your spouse, and dependent children. An additional deduction of up to ₹25,000 (or ₹50,000 if they are senior citizens) is available for premiums paid for your parents. This means a total potential deduction of ₹75,000 if your parents are senior citizens, making health insurance both a protection tool and a meaningful tax-saving instrument.
Term insurance is pure life protection, you pay a fixed premium for a chosen period, and if you pass away during the policy term, your nominee receives the sum assured. There is no maturity benefit or savings element, which is why term insurance offers the highest life cover at the lowest premium. A ₹1 crore cover can cost as little as ₹450 to ₹700 per month depending on your age and health. Financial experts consistently recommend term insurance as the most efficient way to ensure your family's financial security.
A widely used benchmark is 10 to 15 times your current annual income. If you earn ₹8 lakhs per year, a sum assured of ₹80 lakh to ₹1.2 crore is typically recommended. You should also factor in outstanding loans (home loan, car loan, personal loan), your family's current lifestyle expenses, your children's education and marriage goals, and an inflation adjustment over the policy term. A personalised calculation will give you a more accurate figure than any generic rule of thumb.
Term insurance premiums are calculated based on age and health at the time of purchase and remain fixed for the entire policy duration. A 25-year-old non-smoker can get ₹1 crore cover for approximately ₹450 to ₹600 per month. The same cover for a 35-year-old can cost ₹900 to ₹1,200 per month, and for a 45-year-old, significantly more. Every year you delay, the premium increases and health conditions that develop with age can make you a higher risk. Buying early locks at the lowest possible premium for decades.
The most common reason for term insurance claim rejection is non-disclosure or misrepresentation of material facts at the time of application, especially pre-existing health conditions, smoking or tobacco use, alcohol consumption, high-risk occupation, and existing insurance policies. Always disclose everything accurately during the application process, even if it raises your premium slightly. An honest application ensures your family receives the claim without dispute. Policy Kholo guides you through what to declare so you are fully protected.
Yes. Term insurance premiums qualify for a deduction of up to ₹1.5 lakh per year under Section 80C of the Income Tax Act. The death benefit received by your family is also completely tax-free under Section 10(10D), regardless of the amount. This makes term insurance one of the few financial products that offers a tax benefit on the premium paid and delivers a fully tax-free payout to your nominee, a significant double advantage for the policyholder's family.
India's life insurance market offers several plan types: Term Insurance provides pure protection with no maturity benefit. Whole Life Insurance covers you for your entire lifetime and pays the sum assured on death. Endowment Plans offer a combination of life cover and guaranteed savings, paying out on maturity or death. Unit Linked Insurance Plans (ULIPs) combine life cover with market-linked investment funds. Child Plans are structured around your child's education and marriage milestones. Choosing the right type depends on whether your primary goal is protection, savings, wealth creation, or a combination.
ULIPs offer life cover and market-linked investment in one product with Section 80C tax benefits and a tax-free maturity under 10(10D). However, they come with a 5-year mandatory lock-in period and multiple charges including premium allocation, policy administration, and fund management fees. For pure investment, mutual funds, particularly direct mutual funds, typically offer better flexibility and lower expense ratios. ULIPs are most suitable when held for 15 years or more and when you value the dual benefit of insurance and investment in a single, tax-efficient product.
Life insurance policies have a grace period of 15 to 30 days after the premium due date during which your coverage continues, and you can pay without penalty. If you miss the payment even after the grace period, the policy lapses, meaning cover ceases and no death benefit is payable. Most policies offer a revival period of 2 to 5 years during which you can reinstate the policy by paying overdue premiums with interest and possibly undergoing a health reassessment. Setting up an auto-debit or using Policy Kholo's WhatsApp renewal reminders prevents accidental lapses.
Yes, there is no legal restriction on holding multiple life insurance policies simultaneously. Many people combine a high-cover term plan for pure protection with an endowment or ULIP for goal-based savings. The key requirements are that you disclose all existing policies when applying for a new one, and that your total annual premium commitment is sustainable within your income. Undisclosed policies can become grounds for claim rejection later.
Under Section 10(10D) of the Income Tax Act, maturity proceeds from a life insurance policy are completely tax-free provided the annual premium does not exceed 10% of the sum assured. If the premium-to-sum-assured ratio exceeds this threshold (which is common in endowment plans with high premium and low cover), the maturity proceeds become taxable as income. As per the Finance Act 2023, maturity proceeds of non-ULIP policies (other than term) where the aggregate premium exceeds ₹5 lakh per year are also taxable. Always verify the tax treatment of the specific plan before buying.
Third-party car insurance is legally mandatory under the Motor Vehicles Act and covers damage you cause to another person's vehicle, property, or body. It does not cover any damage to your own vehicle. Comprehensive car insurance includes everything third-party covers plus own-damage, covering your car against accidents, theft, fire, floods, cyclones, and vandalism. For any car with a market value above ₹3 to ₹5 lakh, the additional premium for comprehensive cover is almost always justified by the financial protection it provides.
IDV stands for Insured Declared Value; it is the current market value of your car after accounting for depreciation, and represents the maximum amount the insurer will pay if your car is stolen or declared a total loss. A higher IDV gives better protection but results in a higher premium. A lower IDV reduces your premium but means you receive less if your car is written off. Setting IDV close to your car's actual market value is the balanced approach. Policy Kholo helps you compare IDV and premiums across insurers so you can make the right trade-off.
No Claim Bonus is a discount applied to your car insurance renewal premium for every consecutive claim-free year. It starts at 20% after one claim-free year and can reach up to 50% after five years. NCB belongs to you as the policyholder, not to your car, so if you switch insurers or buy a new car, your accumulated NCB is transferable. Filing a small claim can wipe out years of NCB, so for minor repairs below ₹15,000 to ₹25,000, it is often financially wiser to pay out of pocket and preserve your NCB.
The most valuable add-ons for most car owners are: Zero Depreciation Cover, which removes depreciation deductions on part replacements, particularly valuable for new and premium cars. Engine Protection Cover, which covers accidental damage and water ingression to the engine that standard policies often exclude. Roadside Assistance, which provides 24/7 towing, flat tyre, and battery support. Return to Invoice, which pays the original purchase price (not IDV) if the car is stolen or totalled, best for the first 2 to 3 years of ownership. We help you identify which add-ons are genuinely relevant for your car and usage pattern.
Immediately after an incident, inform your insurer, most now accept WhatsApp or app-based claim intimation. Photograph the damage thoroughly. For accidents involving another vehicle or property damage, file an FIR at the nearest police station. Take the car to a network garage for cashless repairs where the insurer settles the bill directly with the garage. For non-network garages, you pay first and claim reimbursement. Required documents typically include your claim form, RC, driving licence, insurance policy copy, and the repair estimate or invoice. Policy Kholo provides end-to-end claim guidance so nothing is missed.
Travel insurance typically covers medical emergencies and hospitalisation abroad, emergency medical evacuation, trip cancellation or interruption (due to illness, visa denial, natural disaster, or airline bankruptcy), lost, stolen, or delayed baggage, loss or theft of passport and travel documents, personal accident cover, and flight delays beyond a specified threshold. International travel insurance is particularly critical because overseas medical treatment can cost ₹3 to ₹20 lakh or more for serious emergencies, without insurance, this comes entirely out of pocket.
For routine domestic travel, your existing health insurance policy covers medical emergencies, making additional travel insurance less critical. However, domestic travel insurance adds meaningful value in specific situations: adventure or high-altitude travel (trekking in the Himalayas, skiing in Auli), expensive pre-paid holiday packages where cancellation means significant financial loss, travel to remote areas with limited medical access, and travel involving elderly parents who may need emergency assistance. For trips above ₹30,000 in package value, domestic travel insurance is worth the small additional cost.
For routine domestic travel, your existing health insurance policy covers medical emergencies, making additional travel insurance less critical. However, domestic travel insurance adds meaningful value in specific situations: adventure or high-altitude travel (trekking in the Himalayas, skiing in Auli), expensive pre-paid holiday packages where cancellation means significant financial loss, travel to remote areas with limited medical access, and travel involving elderly parents who may need emergency assistance. For trips above ₹30,000 in package value, domestic travel insurance is worth the small additional cost.
For routine domestic travel, your existing health insurance policy covers medical emergencies, making additional travel insurance less critical. However, domestic travel insurance adds meaningful value in specific situations: adventure or high-altitude travel (trekking in the Himalayas, skiing in Auli), expensive pre-paid holiday packages where cancellation means significant financial loss, travel to remote areas with limited medical access, and travel involving elderly parents who may need emergency assistance. For trips above ₹30,000 in package value, domestic travel insurance is worth the small additional cost.
The break-even point is typically 3 international trips per year. A single-trip international travel insurance plan costs approximately ₹500 to ₹2,500 depending on destination and duration. An annual multi-trip plan covering unlimited international trips costs ₹4,000 to ₹10,000 for the full year. If you travel internationally 3 or more times per year, whether for business or leisure, the annual plan is more cost-effective and more convenient as it eliminates the need to buy a new policy for every trip. Frequent flyers, corporate professionals, and NRI families visiting India multiple times a year benefit most from the annual option.
A standard home insurance policy covers two broad categories: the structure (walls, roof, floors, fixed fixtures) and contents (furniture, electronics, appliances, jewellery, clothing). Covered perils typically include fire, lightning, explosion, earthquake, flood, cyclone, storm, theft, and burglary. Some comprehensive plans also cover third-party liability, for instance, if a visitor suffers injury on your premises. You can purchase structure-only cover, contents-only cover, or a combined policy depending on whether you are an owner or tenant.
Most standard home insurance policies include flood, cyclone, and earthquake damage under the natural calamity clause, but the fine print matters significantly. Some policies have sub-limits on specific perils or geographic exclusions. If you live in a flood-prone zone (coastal Maharashtra, Assam, Bihar, West Bengal) or an earthquake-prone region (Himalayan belt, Northeast India, Kutch), explicitly confirm that these perils are covered without restrictive sub-limits before purchasing. Policy Kholo ensures you understand exactly what is and is not covered in your specific plan before you commit.
If you are a tenant, you do not need to insure the building, that is the property owner's responsibility. However, insuring your contents is strongly advisable. Your furniture, electronics, appliances, jewellery, and personal belongings are at risk from fire, theft, flooding, and other incidents regardless of whether you own the property. A tenant's contents insurance plan is surprisingly affordable, often ₹1,500 to ₹4,000 per year, and covers the full replacement value of your belongings in the event of a covered loss.
Home insurance premiums are based on the reconstruction cost of the building (not its market value or the price you paid for it), the declared value of contents, the location of the property (flood or earthquake risk zones carry higher premiums), the age and construction type of the building, and any add-ons selected. Because premiums are based on reconstruction cost rather than real estate value, home insurance is often more affordable than homeowners expect, especially in cities where land prices inflate the property value far beyond what it would cost to rebuild.
Home insurance is not legally mandatory in India. However, some banks and housing finance companies make it compulsory as a condition of a home loan. Even without a legal requirement, home insurance is strongly recommended for anyone who owns or rents a property, given India's increasing exposure to extreme weather events including cyclones, floods, and urban flooding. At ₹2,000 to ₹6,000 per year for comprehensive cover, it is one of the most underused and undervalued protections available to Indian homeowners and tenants alike.
The single most important retirement planning principle is to start as early as possible. Due to the power of compounding, a 25-year-old investing ₹3,000 per month can accumulate a far larger corpus by 60 than a 35-year-old investing ₹8,000 per month — with less total money invested. India lacks a universal social security net, rising life expectancy means longer post-retirement periods, and healthcare inflation is consistently high. Starting your retirement plan in your 20s or early 30s, even with small amounts, is one of the highest-return financial decisions you will make.
A pension plan (also called a deferred annuity plan) is the accumulation phase, you invest systematically over your working years to build a retirement corpus. An annuity plan is the distribution phase, you convert your accumulated corpus into a stream of guaranteed income payments (monthly, quarterly, or annually) for life. Many insurance-based retirement products combine both: an accumulation phase during your working years followed by automatic conversion to an annuity at the chosen vesting age. The annuity rate, how much income your corpus generates, varies by insurer and the annuity variant you choose.
A commonly used benchmark is a corpus equal to 25 to 30 times your expected annual expenses at retirement. If you plan to spend ₹60,000 per month in retirement (at today's values), you would need approximately ₹1.8 to ₹2.2 crore, adjusted upward for inflation (assume 6 to 7% per year) based on years to retirement. Healthcare inflation, which runs at 10 to 12% annually in India, is often the largest underestimated retirement cost. Policy Kholo's advisors provide personalized retirement corpus projections based on your current income, lifestyle, and target retirement age.
Most insurance-based pension plans include a death benefit. If you pass away during the accumulation phase, your nominee receives either the fund value or a pre-defined sum assured, whichever is higher. Some plans offer a return of premium option that guarantees your nominee receives at least the total premiums paid, ensuring no financial loss to the family regardless of when death occurs. Always designate a nominee and ensure they know about the policy. Policy Kholo maintains a record of your active policies and can assist your family with claim documentation if needed.
Yes. Premiums paid towards pension plans qualify for a deduction under Section 80CCC up to ₹1.5 lakh per year (within the overall Section 80C limit). Contributions to the National Pension System (NPS) offer an additional exclusive deduction of ₹50,000 under Section 80CCD(1B), over and above the ₹1.5 lakh 80C limit, making NPS one of the most tax-efficient retirement vehicles in India. At retirement, 60% of the NPS corpus can be withdrawn tax-free and the remaining 40% must be used to purchase an annuity. The annuity income is taxable as per your income slab.
An insurance investment plan like a ULIP or endowment combines life cover with systematic wealth creation in a single product. It comes with Section 80C tax benefits, a lock-in period, and a tax-free maturity under most conditions. A mutual fund is a pure investment vehicle with no insurance component, significantly higher investment flexibility, no mandatory lock-in for most categories, and historically competitive long-term returns. The right choice depends on your need for life cover, investment horizon, tax situation, and preference for guaranteed versus market-linked growth.
Premiums paid for ULIPs and endowment plans qualify for a deduction of up to ₹1.5 lakh per year under Section 80C. The maturity proceeds are tax-free under Section 10(10D) if the annual premium does not exceed 10% of the sum assured. For ULIPs specifically, the maturity proceeds remain tax-free regardless of the amount earned. However, for non-ULIP policies where aggregate annual premiums exceed ₹5 lakh (as per the Finance Act 2023), the maturity proceeds are now taxable. We explain the tax treatment of each specific plan before you buy.
ULIPs have a mandatory 5-year lock-in period after which partial withdrawals are permitted subject to your fund balance and minimum withdrawal rules. Surrendering a ULIP before maturity significantly reduces your effective returns because the upfront charges, premium allocation, policy administration, mortality charges, are front-loaded. For maximum benefit, ULIPs should ideally be held for 15 to 20 years, which gives the investment component enough time for compounding to work and outpace the charge structure. Early exits almost always result in lower-than-expected returns.
A guaranteed return insurance plan (like a non-participating endowment or guaranteed savings plan) offers a fixed, pre-declared return on your investment regardless of market conditions, typically 5 to 7% per annum. These are ideal for conservative investors, specific goal-based planning with a fixed timeline, and those who cannot absorb market volatility. Market-linked plans like ULIPs have no guaranteed return but have historically delivered 10 to 14% CAGR over long periods in equity funds. The choice depends on your risk tolerance, time horizon, and the certainty you need around your target corpus.
ULIP fund allocation should reflect your investment horizon and risk capacity. If you are below 40 with a 15+ year horizon, a predominantly equity fund allocation historically delivers the best inflation-beating returns. As you approach your goal, within 5 years of the target date, gradually shifting to debt or balanced funds protects your accumulated corpus from market downturns. Most ULIPs allow free switching between fund options throughout the policy term. Policy Kholo's advisors help you set an allocation strategy aligned to your goal and risk profile, not the insurer's default suggestion.