A term insurance combines the benefits of a life insurance policy that keeps an individual covered for the inevitable event of death while also providing a lump sum amount and having a low premium expense. With a term insurance, the nominee is entitled to receive an assured lump sum when the policyholder expires in the term of the policy. In case nothing were to happen to the policyholder during this tenure, the assured sum is not granted. It is because of this feature that the costs of a term plan are much lower when compared to other plans.
An individual can opt for a suitable scheme for himself or herself after considering options among premium return, varying tenures, add on features and riders.
Listed below are the advantages of investing in a term policy online:
The reference given below will provide more details regarding how to choose the term: Things to Consider Before Buying Term Insurance
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