iSurance Flexi Term Plan: This is a non-linked, non-participating term life insurance plan that provides a lump sum amount to the beneficiary in the event of the policyholder's death during the term of the policy. Policyholders can choose from 4 compensation options when purchasing the plan. These include receiving a lump sum amount in the event of a terminal illness diagnosis; a fixed monthly income plan that pays regular income to the beneficiaries for a period of 15 years following the death of the insured; a combination of a lump sum payment of the death benefit and a regular monthly income; and a lump sum payment along with regular monthly income that increases by 7.5% every year. The plan's conversion option allows the policyholder to encash a percentage of the death benefit amount in the event of a diagnosis of a specified medical condition before attaining the age of 65 years. The policy can be purchased online and medical tests can be carried out at the policyholder's doorstep at a time that is convenient for them.