Term Insurance Basics & Advantage

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• Term Insurance

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Basics of Term Insurance

• Term insurance is one form of life insurance.
• It is very simple and pure form of life
  insurance.
• In this policy, the policyholder has to pay a
  premium for a fixed period of time (term which is
  basically between 5 and 30 years).
• If the person survives the duration of his term
  policy, the risk cover for him/her will come to
  an end .
• If something unfortunate happens during the
  period of the policy, the sum insured is given to
  his/her dependent members of the family.

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Types of Term Insurance Policy
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• Single premium term insurance policy
• Regular premium term insurance policy
• Term policy with return of premium
• These policies also offer optional cover which
  can be Critical Illness, Accident Benefit, etc.
  However, this depends on the provider of the
  policy.

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Major Providers of Term Insurance
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• LIC
• ICICI Prudential Life Insurance
• AEGON Religare Life Insurance
• Birla Sun Life Insurance
• HDFC Standard Life Insurance
• Max New York Life Insurance
• Kotak Life Insurance
• Aviva Life Insurance
• ING Vysya Life Insurance
• Reliance Life Insurance
• MetLife and many more.

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Term Insurance Advantage
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• Affordable
• Optimal insurance is covered for your money
• Families who have financial problems
• Simple
• Flexible

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