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Term Insurance - WhyTerm Insurance is Important For Everyone | Money Doctor Show CNN News18

WhyTerm Insurance is Important For Everyone? What is Term Insurance Plan? Term Life Insurance is a type of Life Insurance that provides financial coverage for a fixed term/tenure on payment of a premium. In the event of the death of the insured, the nominee is paid the sum assured called the death benefit. The sum assured can either be paid as a lump sum or combination of lump sum and periodic payments. Unlike other types of Life Insurance policies, a Term Life Insurance policy is quite cheap. However, a Term Insurance claim is only honored, if the insured dies within the term of the plan.      

 
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