<h1>New term plan lets cover rise at life events, top-ups, riders, ROP option; tax benefits under Sec 80C and 10(10D)</h1> An insurer launched a term plan that permits cover increases at major life events and annual top-ups, offers a return-of-premium variant, joint-life options, renewability, and optional riders (accidental death, disability, waiver, critical-illness). It provides immediate partial terminal-illness payment, an instant interim claim payout after three years, FlexiPay premium deferment up to 12 months, and premium waivers on certain events. The product is structured to be tax-efficient under Indian law, with premiums eligible for Section 80C deductions and death/maturity benefits typically exempt under Section 10(10D); GST treatment aligns with term-plan exemptions.