Buying the Best Term Insurance Plan
Term insurance is a type of life insurance plan in which you pay the premium for a fixed stretch of time, during which the death benefits will be paid to your beneficiaries in case of unexpected death. As a result, term insurance policies are often known as pure life insurance plans, wherein you collect a large sum of assured money by paying a minimal premium for a given tenure.
Reasons to Buy the Best Term Insurance Plan
A list of the major reasons for you to buy the best term insurance plan is given below:
· Low Premium
The premium for term plans is pretty low as there is no investment component in this insurance plan. You would be required to dedicate less than one per cent of your annual income to get a life cover.
· Offers Financial Security
Investing in a term plan offers financial security to your …
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