What is term insurance and what is the benifits of it, read full information!
In today's time, insurance is the name known at home. People of all age groups, including children and older people, come under insurance cover under various schemes offered by insurance providers. During the Emergency this is very important for the person. Various types of insurance are available as per the individual's needs. Similarly, term insurance is also a form of insurance.
What is term insurance?
Term Insurance is a type of life insurance policy that provides coverage at a fixed rate for a limited period. If the life insured dies during the term of the policy then the death benefit amount is payable to the nominee. It is designed to provide security to the family in the event of uncertainty or death.
What is the premium for term insurance?
The term insurance policy is the lowest in comparison to other types of life insurance. Premium is low because there is no investment component and the amount of premium is used to cover the risk. There is no maturity benefit after the expiry of the policy term. On the death of the policyholder the survivor will get the amount of the policy.
To know more about it click here
In today's time, insurance is the name known at home. People of all age groups, including children and older people, come under insurance cover under various schemes offered by insurance providers. During the Emergency this is very important for the person. Various types of insurance are available as per the individual's needs. Similarly, term insurance is also a form of insurance.
What is term insurance?
Term Insurance is a type of life insurance policy that provides coverage at a fixed rate for a limited period. If the life insured dies during the term of the policy then the death benefit amount is payable to the nominee. It is designed to provide security to the family in the event of uncertainty or death.
What is the premium for term insurance?
The term insurance policy is the lowest in comparison to other types of life insurance. Premium is low because there is no investment component and the amount of premium is used to cover the risk. There is no maturity benefit after the expiry of the policy term. On the death of the policyholder the survivor will get the amount of the policy.
To know more about it click here
What is term insurance and what is the benifits of it!
![What is term insurance and what is the benifits of it!]()
Reviewed by Master
on
12/28/2018 05:56:00 am
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