Term Insurance
A term plan provides protection in the form of financial assistance on death but only for a given time period. The time period is decided during the inception of the policy.
Term insurance is one of the most popular types of insurance scheme in the market. You must have come across term insurance once in a while. A term insurance is a protection plan for your family. It pays a certain sum to take care of your family’s financial needs in case of your unfortunate demise. Are you the sole breadwinner of your family? Take a minute to think about this question – What would your family do if something were to happen to you soon? What about your child’s education and future? How will your family survive in your absence? This is where a term insurance plan will come to your rescue!