Term insurance and standard life insurance vary in that, term plans only pay death benefits in event of the policyholder's demise within the policy's term, but life insurance policies include both death and maturity payment to policyholders. The coverage lasts your entire life, and when you opt to cancel it, you receive a lump-sum payment.
Different types
of insurance to choose from
Term life insurance is a form of life insurance that ensures the sum of a defined benefit to a nominee if the insured person passes away, within a specific time. It can be renewed, converted to permanent coverage, or allowed to lapse when the policy expires. A person’s age, health, and life expectancy are considered when determining the premium of the term life insurance.
If you want to develop wealth over time to achieve short- or long-term financial goals, investment plans are perfect. These plans are structured so that a portion of the premium is utilized to provide insurance cover. The remainder is put in a financial instrument. A policyholder's risk tolerance determines the amount of money invested.
( Income - Saving ) = Expense
These investment plans provide a methodical approach to saving and building a corpus, which provides consistent returns that enable you to achieve your future goals. In the event of the policyholder's unexpected death, these policies also cover the nominee or family.
These investment plans provide a methodical approach to saving and building a corpus, which provides consistent returns that enable you to achieve your future goals. In the event of the policyholder's unexpected death, these policies also cover the nominee or family.