What is Term Life Insurance?

These are for a set period of time or term.
For a low premium, you get a high payout in the event of death.
If the insured person dies after the set time period, no settlement amount will be given unless the time period is extended.

Quick Tip

Term Insurance is the most sought after insurance plan because of the high insurance settlement rate at the end of the term.

Some deaths are not covered under Term Life insurance, such as-

Quick Tip

If you are aware of anyone facing mental health issues or feeling suicidal, please provide help.

Seek help on Aasara- 24×7 Helpline – 9820466726

Aasara offers support to individuals and families during an emotional crisis, for those dealing with mental health issues and suicidal thoughts, and to those undergoing trauma after the suicide of a loved one.

Points to remember:

Term Life Insurance plans are offered for specific periods of time
The number of Term Life Insurance claims that are settled are very high and hence, it is the most sought after
For a low premium, you get a high payout in the event of death

To track your progress