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Term Life Insurance :

It is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
Term life insurance or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term.
Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

Features of Term Life Insurance
  • Low Cost insurance plan
  • Choice of premium payment mode
  • Plan conversion option
  • Payout in installments upon admission of claim of disability
  • it gives you the element of flexibility
  • You can practically buy and maintain an expensive Plan at a cheaper rate till the time you can afford to pay it

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