This guide will teach you the many benefits of Term Insurance Plans

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This guide will teach you the many benefits of
Term Insurance Plans
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Term Life Insurance Plans And Policies In India

• Term insurance policies offer protection to the
  family of the insured in his absence
• Securing familys future is one of the most
  important life goals to achieve. This guide will
  tell you the many benefits of investing in a term
  life insurance policy.

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Key Features Of Term Life Insurance Plan

• Life Cover Benefit
• Lump sum amount offered on death of policyholder
• Joint life cover option - policyholder and the
  spouse are covered.
• Policy holder can opt for additional online term
  policy using life stage benefit
• High insurance protection cover at affordable
  pricing
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Know Hows Of Term Insurance Plan

• To negate unforeseen future inflation and
  liabilities, it is best advised to invest in a
  term plan that relies in the range of 10-25 times
  the annual income of the policyholder or the
  insured person.
• A medical examination may be conducted depending
  on the sum assured. These tests are conducted at
  home as per convenience and availability.
• However, you may have to visit a diagnostic
  centre for certain tests.

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• The period for the term insurance plan can be
  anywhere between ten years to forty years.
• There are different kind of premium plans
  available too. You can opt for either monthly
  payments or annual premium payments.
• One of the additional benefits to opting for a
  term insurance is that you can add an additional
  protection cover as well as a life stage
  protection coverage.
• Although, you cannot decrease the insurance
  cover.

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Tax Benefits

• The policy holder enjoys tax benefits over the
  premiums paid for the policy.
• Additional benefits such as critical illness,
  accidental death or disability riders are offered
  by term life insurance plans.
• The insurance policies come at affordable premium
  rates.

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