One of the most foolproof ways to secure your family's future financial health is to invest in a Term Insurance plan. A Term Plan essentially guarantees a pure life cover for the policyholder for a fixed tenure. In the unfortunate event that s(he) succumbs to death while the policy is active, the nominees assigned by her/him receive promised death benefits. This amount can then be used to fund future expenses, debt obligations and fulfil long-term and short term goals. In order to understand about the intricacies of Term Insurance.
This article discusses some of the most relevant and Frequently Asked Questions by customers who are looking to get insured under a Term cover. Read along to find your answers.
Check and compare plans from 21 IRDAI-approved term insurance providers before purchasing a term plan.