Term insurance is a type of life insurance product that provides financial protection to the beneficiary of the policy if the life insured dies during the policy period. Term insurance provides a life insurance cover for a specific period or term of the year against the predetermined premium paid and term selected by the policyholder. The nominee receives a death benefit in case the policyholder dies during the active term of the policy. The policyholder has to pay the premiums without fail to keep the term insurance plan active. Term insurance is the simplest and one of the most affordable types of life insurance plans.
Along with financially securing the policyholder’s family, term insurance plans can also be used to fulfil the future needs of the children like education and marriage. Some term insurance plans offer optional coverage for critical illness and partial or complete disability as these can disrupt the regular income of the life assured. It is important to understand how term insurance plans work. Term insurance doesn’t offer maturity benefits and the plan ceases to exist after the expiry of policy term.
About TractSearch WebTech Solutions TractSearch Webtech Solutions is a software development company, offers all kind of website designing, App Development, Web Application, Account Software, Tracking Software, School Management, Hospital Management, any other type of application designing and Development services. We have launched a directory cum e-commerce portal for all kind…Read more…
Muthoot Finance, Sphurti Society, Wakadewadi, Shivajinagar, Pune, Maharashtra, India
10.00-18.00 week days - Sunday closed
Even before the word “ethos” had found a place in the corporate lexicon, Muthoot Finance Ltd. had imbibed a work culture that was based on conscience. Ever since its inception, the company has nurtured trust as its most prominent value. We are committed to keeping this heritage alive throughout the generations…Read more…
Incorporated in 1989, LIC Housing Finance Ltd (LICHFL) is one of the largest Housing Finance Companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. LICHFL also provides finance on existing property for business/…Read more…