If the policy remains till the expiry of the term of the policy, the maturity advantage is granted on the amount of premium paid so far.
Term insurance also provides additional perks such as death or disability in a life-threatening illness or accident.
If you buy term insurance at an early age, then you have to pay a low premium amount compare to any elder person.
It provides a death benefit to the nominee. If the policyholder expires during the term of the policy, the compensation is given to the posterity.
The death of a beloved family member is painful, especially if he is a family breadwinner; It becomes even more painful, which can lead to emotional and financial turmoil in the family. To ensure that your family does not have any financial difficulty in your absence, you must have a term insurance plan. Term insurance provides financial assistance to your family in case of your premature death. Term insurance is a real safety life insurance plan that covers the risk of premature death of an insured person during the term of the policy. The term plan provides life insurance to the insured person at the lowest premium.
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