What is a Term Insurance?
Term insurance is the simplest form of life insurance that provides coverage at a fixed rate of premiums for a specified term. It provides financial protection to you and your family at the most affordable rates. With term insurance, you can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to your beneficiary in case of the death of the person insured during the term of the policy. Term Insurance provides you with the most value for money kind of Insurance Planning!