Dshachawla (1)

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Term Insurance
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What is Term Life Insurance?

• Term insurance is a type of life insurance that
  provides coverage for a specific period of time
  or years.
• This type of life insurance provides financial
  protection to the nominee in case policyholder
  dies during the policy term.
• Term plan policies provide high life cover at
  lower premiums.
• For eg Premium for ? 1 Cr Term Insurance cover
  could be as low as ? 490 p.m.
• These fixed premiums can be paid at once or at
  regular intervals for the entire policy term or
  for a limited period of time.
• Premium amount varies basis the type of the
  premium payment method opted by the buyer.

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Why do you need Term Insurance?

• Your family depends on you The term insurance
  money can be used to meet your familys monthly
  expenses and important goals like your childs
  education.
• Your assets need protection You may take loans
  for assets like a house or a car. However, if
  something happens to you, your loved ones might
  be burdened with loan repayments. In such a
  situation, the term insurance payout which your
  family will receive can be utilized in paying off
  outstanding loans.
• Lifestyle risksModern day lifestyle problems can
  lead to a host of ailments. Some term insurance
  plans dont just protect your family after death
  but also during your lifetime by offering
  critical illness protection. This feature pays
  out on the diagnosis of certain critical ailments
  like cancer or heart attack.

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Thank You