Each and Every Aspect of TERM LIFE Insurance
Understanding Term Life Insurance: A Guide to Securing Your Family’s Future Term life insurance is a pure risk cover that ensures financial security for your loved ones in the event of your untimely death. It pays the sum assured to your nominee if the life insured passes away during the policy term. However, if you survive the policy term, there is no payout. ## Key Benefits of Term Life Insurance ### Death Benefit - Provides financial security to your family by paying out the sum assured to your nominee if you pass away during the policy term. ### Coverage for a Specific Period - Offers coverage for a predetermined time, such as until the age of 60. ### High Sum Assured at Affordable Premiums - Offers substantial coverage at a cost-effective price, providing a high sum assured for a lower premium. ### Pure Protection Plan - Designed solely to offer financial protection, not as an investment tool. ### Tax Benefits - Premiums paid may be eligible for tax deductions under ap...