Published : August 8, 2018
What we mean by term insurance benefits, is the benefit from term life insurance or term assurance plan. These insurance plans are taken for a fixed and pre-specified period of time. This period is known as the term plan.
Basically, term insurance is a protection insurance plan. It covers only death risk of the one who is taking the insurance. No additional benefit id there with these term plans. However, the yearly premiums are very low as compared to the sum assured of such policies. And this feature of term plans makes them very attractive for everyone.
The sum assured is the amount of life cover that you choose when you buy the plan. In case of sudden demise before maturity of the policy, the dependent of the policyholder gets the full benefit of the policy. However, there is no survival benefit to the plan holders. It means if the policyholder is alive until the maturity of the term plan, the premium paid is lost completely. You will not get back anything in such case.
The key point to keep in mind is that what you pay as a yearly premium to such term plan is nearly negligible as compared to the assured sum of money. And here is the safety net that you will buy for your family and loved one.
So, get your term insurance now and secure your family’s future. Save their harassment by financially securing them through a term plan. Understand properly the benefits of term plan in this informative infographics and moreover, if you have any further query, don’t hesitate to contact us. RMoney offers you the right consultation for choosing a right Term Insurance Plan for you. Visit Now www.rmoneyindia.com.
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