What is Term Insurance
Definition: Term insurance is the most traditional life insurance policy wherein the insured gets death benefit if any contingency happens within the policy term. The insured is, however, not entitled to receive any survival benefit if he outlives the policy term.
Description: Term insurance policies are available in the range of 10-30 years term. These plans are relatively cheaper than endowment policies, money back policies and ULIPs. The benefits in a term insurance policy can be availed only in the event of the death of the insured.
Description: Term insurance policies are available in the range of 10-30 years term. These plans are relatively cheaper than endowment policies, money back policies and ULIPs. The benefits in a term insurance policy can be availed only in the event of the death of the insured.
