LATEST & BEST Term Life Insurance Plans WITHOUT Income Proof in 2025 *DETAILED* Guide | Ditto
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What if we told you that you can get ₹1 crore Term Insurance without providing income proof, salary slips, ITR, or Form 16?
Sounds impossible, right? But insurance companies in India are finally recognising that not every financially responsible person comes with a 9-to-5 job and official documents.
In this video, we break down two Affordable Term Insurance plans that don’t need traditional income documents — Bajaj Allianz iSecure II and ICICI Prudential iProtect Super — making Term Life Insurance more accessible to freelancers, gig workers, small shopkeepers, tutors, and others in India’s informal economy.
This is your complete 2025 guide to buying Term Insurance without income proof.
What you’ll learn in this video:
Why insurance companies usually ask for income proof
How these new-age Term Life Insurance plans work
What is an “income surrogate” and how it helps you qualify
Differences between iSecure II and iProtect Super
Pros and cons of these Affordable Term Insurance plans
Who these policies are ideal for
What to watch out for during underwriting
✅ Bajaj Allianz iSecure II — Highlights:
Entry age: 18+
Up to ₹1 crore Life Insurance cover without ITR or payslips
Uses alternate documents like bank statements, home loan EMIs, SIPs
Auto Cover Continuation: Skip one premium year and stay protected
Early Exit: Cancel after 60 and get back all premiums paid (no interest)
Optional riders for critical illness and disability
Female and online discounts available
✅ ICICI Prudential iProtect Super — Highlights:
Entry age: 18–55, with 12th pass minimum
Accepts income surrogates if ITR/Form 16 is not available
Offers Smart Exit (refunds premiums after 25 years)
Premium Break feature after 5 years
Terminal illness cover included
Slightly more structured digital process than Bajaj
Why This Matters:
Millions of Indians are earning well but remain invisible to financial institutions. These Term Life Insurance plans finally offer access to the best term insurance coverage even if you don’t have salaried documents.
Whether you’re a tutor, freelancer, driver, vendor, influencer, or kirana shop owner — if you’ve been denied coverage before, these plans could change the game for you.
Frequently Asked Questions Answered:
Can I buy term insurance without ITR?
Is income proof mandatory for life insurance in India?
What documents are accepted as income surrogates?
Is this better than a standard term plan like eTouch II or iProtect Smart?
What is the max coverage without income proof?
Is there a medical test? (Yes, mandatory in most cases)
When should you avoid these plans?
If you already have income documents — it’s smarter to go with a regular Term Insurance plan. It’s cheaper, offers more cover, and quicker approval.
But if you’ve struggled with paperwork in the past, these plans give you access to the same level of life protection — without the red tape.
Who should consider this?
Gig workers and creators
Self-employed individuals
Small business owners and traders
Homemakers with informal savings
Anyone earning, saving, or investing without formal payslips
Still unsure which Term Plan fits your profile?
Book a FREE call with Ditto. We’ll guide you through:
Picking the best term insurance plan without income proof
Preparing the right documents for approval
Choosing between iSecure II and iProtect Super
Understanding what riders or add-ons make sense for you
No spam. No pressure. Just honest advice – https://ditto.sh/ychqrj
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