Get Term Insurance Without Income Proof in 2026 with simple documentation and hassle-free approval. Ideal for freelancers, self-employed individuals, homemakers, and those with irregular income, these plans offer high coverage at affordable premiums without salary slips. Compare eligibility, benefits, and key features to choose the right protection for your family.

A policy term in insurance refers to the fixed duration during which your insurance coverage remains active and provides financial protection. It specifies the start and end date of the policy, outlining how long benefits are payable and premiums must be maintained. Choosing the right policy term ensures continuous coverage aligned with your financial responsibilities and long-term security needs.

Decreasing term insurance is a type of life cover where the sum assured reduces over time, usually in line with a loan you have taken. It helps protect your family from liabilities like home loan, personal loan etc, at a significantly lower premium. Decreasing term insurance works well for those who want cost-effective protection without paying for excess cover.

Term insurance provides financial protection to your dependents in the event of your demise during the policy term. In contrast, personal accident insurance covers disability, injuries, or death caused by an accident. Therefore, before settling down on one, get a clear idea of the two. Here’s a detailed personal accident insurance vs term insurance comparison to help you make an informed decision!

The spouse who is homemaker and looks after children, supporting the family may be referred to a non-working spouse. While such an individual might not earn a salary, their contribution to the family as a whole cannot be overlooked and their life deserves to be protected. So, let’s look at term insurance plans for a non-working spouse in India.