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Hello Shilpa, You can buy the plan here and also check the premium amount: Term Insurance
Term insurance policies are known for affordability, as they typically offer higher coverage amounts at a lower premium than other life insurance policies. This is because term insurance policies do not accumulate cash value over time and only provide a death benefit if the policyholder passes away during the policy term.
Policyholders can choose the amount of coverage they want and the length of the policy term. Suppose the policyholder passes away during the policy term. In that case, the beneficiaries will receive a lump sum payment, which can be used for expenses such as mortgage payments, college tuition, or other bills.
Once the policy term has ended, policyholders can choose to renew it, convert it to a permanent life insurance policy, or let it expire. However, if the policyholder outlives the policy term, there is no payout, and the policy expires.
Term insurance policies are popular among those who want affordable and straightforward life insurance coverage for a specific period. It is essential to carefully review the policy terms and conditions to ensure that the coverage and the length of the policy term meet your needs.
Hello Ramu, You can opt for a Family Floater Policy, a type of medical insurance that provides coverage for every family member under a single health insurance policy. This plan divides a fixed sum insured among all members, and most family health insurance policies provide cashless hospitalization options, maternity benefits, and pre- and post-hospitalization coverage. Additionally, you can purchase coverage for every family member regardless of age under a single policy and insure new family members easily. For more information, you can visit here, or our insurance advisor will assist you further.
Can available term insurence for defence person
Verified | Somanatha m h | 08 May, 2024, 09:50 AMHello Somanatha, You can buy the plan here and also check the premium amount: Term Insurance
Term insurance policies are known for affordability, as they typically offer higher coverage amounts at a lower premium than other life insurance policies. This is because term insurance policies do not accumulate cash value over time and only provide a death benefit if the policyholder passes away during the policy term.
Policyholders can choose the amount of coverage they want and the length of the policy term. Suppose the policyholder passes away during the policy term. In that case, the beneficiaries will receive a lump sum payment, which can be used for expenses such as mortgage payments, college tuition, or other bills.
Once the policy term has ended, policyholders can choose to renew it, convert it to a permanent life insurance policy, or let it expire. However, if the policyholder outlives the policy term, there is no payout, and the policy expires.
Term insurance policies are popular among those who want affordable and straightforward life insurance coverage for a specific period. It is essential to carefully review the policy terms and conditions to ensure that the coverage and the length of the policy term meet your needs.
