Term Insurance Policy

Term Insurance Policy

Term Insurance

 

Term Insurance Provides the coverage for a specific time duration called as “Term”. It is the original form of Life Insurance. It implies as a Death benefit. If the policy holder dies during the specified Term and the policy is Active the death benefit is paid to the nominee.

Term insurance can be contrasted to whole life and permanent life insurance, which guarantee coverage at fixed premiums for the life time.

Posted in Life Insurance.

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