Cover sizing
Income, loans and goals minus assets - not a round number picked from a calculator.
Term insurance
Your income, protected for the people who depend on it.
The highest-impact, lowest-cost policy most earners can buy. We help size it, disclose every fact correctly and make sure your nominee is not left alone during a claim.
In plain English
Pure protection, without a savings wrapper
You pay a premium for a fixed cover and term. If the life insured dies during the term and the claim is admissible, the nominee receives the sum assured.
Disclosure discipline
Medical, income and lifestyle facts documented so the future claim is safe.
Nominee readiness
The right nominee, contact details and policy records kept current.
Coverage
What the base promise does - and what can break it
Covered promise
The base policy pays the stated death benefit when the insured dies during the term and the claim is admissible under the policy.
The early exclusion
Life policies commonly carry a specific suicide exclusion in the initial period, with treatment defined by the policy and applicable rules.
The application risk
Material non-disclosure or misstatement can lead to investigation or dispute. The proposal form is part of the future claim file.
The lapse risk
If required premiums are not maintained and available grace or revival provisions are not used, the protection can end.
Cover sizing
A working formula, not a round-number shortcut
Start with future income support, add outstanding debts and family goals, then subtract assets already dedicated to those needs. A multiple of salary is only a sense-check.
| Add | Why it belongs |
|---|---|
| Income replacement | Monthly living costs through the dependency years |
| Outstanding loans | So debt does not pass to family |
| Education and care goals | Committed future costs |
| Final and transition costs | Immediate liquidity for the family |
| Less existing assets | Avoid paying for cover the family already has |
Policy design
The choices that matter after the cover amount
- Policy term matched to dependency, not the longest available term
- Level cover unless a decreasing need is genuinely modelled
- Regular or limited-pay premium chosen for cash-flow resilience
- Lump-sum payout unless the family truly benefits from an income option
- Strong claim track record and service - not claim ratio in isolation
- Medical tests completed rather than avoided when offered
Claims-safe application
Four records worth getting exactly right
Health
Every diagnosis, prescription, test and hospitalisation asked about.
Tobacco and alcohol
Answer actual use, including occasional smoking or nicotine.
Work and travel
Occupation, hazardous duties, aviation, diving and relevant travel questions.
Nomination
Name, relationship, share and contact details - reviewed after major life events.
Choosing an insurer
Look beyond the claim-settlement headline
- Claim settlement by both count and amount
- Complaint levels and service record
- Policy wording and exclusions
- Underwriting discipline and medical evidence
- Financial strength and long-term service capacity
- A process your nominee can realistically navigate
An honest fit check
Who this is for - and who should skip it
It fits when
A spouse, child or parent depends on your income. Your death would leave loans or goals unfunded.
Consider another route when
You only want a maturity payout. The premium would compromise emergency savings or health cover.
Claims, handled
A named human owns the process end to end
One person, one number, from the first call to the final settlement. You stay with your family; we carry the paperwork and follow-ups.
- 01
Call your claim expert
One call starts everything - no forms, helpline queue or ticket number.
- 02
We verify the cover
Eligibility, limits, waiting periods and the right claim route, explained plainly.
- 03
We build and submit the file
Forms are pre-filled, documents checked and insurer queries answered.
- 04
Settled, then explained
Every approval and deduction is broken down. We contest what is unsupported.
Why MITRA
Advice before you buy. A named expert when you claim.
We compare the clauses that decide what gets paid, explain the trade-offs before purchase, and stay accountable when the policy is tested.
Claim-time terms first
Waiting periods, room eligibility, co-pays, exclusions and definitions are reviewed before the premium.
A shortlist, not a catalogue
Recommendations are narrowed around fit, with the downside of each option stated clearly.
Support that continues
For eligible policies bought or ported through MITRA, a named expert coordinates the claim from first intimation to the final explanation.
Good questions
Questions, answered
Straight answers, in plain English.
How much term cover should I buy?
Start with income support, debts, family goals and transition costs, then subtract assets already dedicated to them. A salary multiple is only a rough check.
Should I choose the longest available term?
Choose a term that covers the dependency years. Paying for protection long after the economic need ends may not be useful.
Is a medical test better than a no-test policy?
Insurer-arranged medical evidence can create a stronger application record. Convenience should not come at the cost of a fragile future claim.
Can I change my nominee later?
Usually yes, subject to the policy process and any assignment. Review nomination after marriage, divorce, birth, death or another major family change.
Is MITRA's advice really free?
Yes - consultations and claims support are free for you. Like all insurance intermediaries, we earn a standard commission from insurers when a policy is issued. Our advisors are measured on fit and claim outcomes, not sales targets.
What does claims support include?
A dedicated claim expert prepares and verifies your documents, coordinates with the hospital, insurer or TPA, resolves queries, and explains the final settlement in plain language. It is included for policies bought or ported through MITRA.
Can MITRA guarantee that my claim will be paid?
No intermediary can decide or guarantee a claim outcome. The insurer decides based on policy wording and the facts of the claim. MITRA makes sure your file is complete, follows up, contests unsupported deductions and escalates when valid grounds exist.
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