What is term insurance?
Term insurance is a form of life insurance that provides protection for a specified period of time. It helps to minimize the financial burden on beneficiaries in the event of death during the term the policyholder has selected. It typically includes features such as a death benefit, which is often tax-free, and some policies may also provide a terminal illness benefit.
Why to opt for term insurance plan?
Term insurance is an important asset to secure family financially whenever individuals are no longer around. It ensures that loved ones are provided for in difficult times should anything unfortunate happen during the policy period. Not only does it provide a financial cushion against any untimely demise, but it also gives pleasant peace of mind and assurance about the financial security of family in the future.
How to buy term insurance plan?
This type of life insurance can be conveniently purchased online or through an insurance broker to ensure it meets the unique needs of each person's situation.