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What is a Term Insurance With Return of Premium? Should You Buy it?

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In pure term insurance policy, the policyholder will pay a certain amount of premium every year to secure his life. If the policyholder dies within the policy term, nominees will be paid the sum assured. If the policyholder survives the term, he or his nominees will not get any benefits. Even the term insurance with return on premium works the same way. However, if the policyholder survives the policy period, he will receive a maturity benefit. This option is not available in the case of a pure term insurance policy. But does that mean it is a good idea to go for a term insurance with return on premium? Watch this video to know more about term insurance with return on premium and whether you  should buy it 

 

 

 

 

 
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