Term Insurance is life insurance that provide financial coverage to the nominee of the insured person in the event of death. The death benefit will pay to the nominee or family member. A policyholder can choose the plan which is to settle the lump-sum amount to nominee or lump-sum and monthly amount to a nominee. Some insurance companies provide cover for disabilities. Get Term insurance and get financial stability to secure your family.
Some benefits of Term Insurance
- The family continue to live with pride
- Get Huge amount in the event of sudden death
- Take care of your family
- Closure loans and liabilities
- Extra sum insured in accidental death
- Cover loss of income
Some important things to remember, before taking travel insurance
- Coverages
- Sum Assured
- Claim ratio
- Maturity Period
- Lower premium
- Payable mode
- Add-on protection
Features of Term Insurance
- Tax Benefits
- Policy Terms
- Entry Age
- Maturity Age
- Death Benefit
- Survival Benefit
- Maturity Benefit
- Rider Benefit
