Term Insurance Plan

What is Term Insurance?

Term insurance is a pure protection life insurance plan that covers the risk of an untimely death of the insured during the policy term. A term plan offers a life cover to the insured at the lowest premium.

Why is Term Insurance Plan Necessary?

Life is too unpredictable and uncertainties can rip you off emotionally, financially and physically too. This is because no one has control over one’s death, neither, can anyone predict it. Death of the breadwinner of the family can cause disastrous turbulence in the family member’s life.
To find solutions for these problems, term insurance plays a vital role in your life. Moreover, term plans are an excellent way to build a financial safety net and are the simplest and most affordable, It will help your family to settle your loans and pay-off certain requirements in your absence. The death benefits are paid to the beneficiary or the nominee only upon the insured’s death.

Who should Buy a Term Plan?
If you are financially independent and wish to provide financial security for your family If you are the sole breadwinner in the family If you have dependents – parents, spouse, etc. If you are a single person who is planning to start a family If you are running a business or a startup If you have children and wish to secure their future even in case of your absence

Financial Planning Simplified

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