Go Low on Premiums With Online Term Plans

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Go Low on Premiums With Online Term Plans

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• Term Plan is the only life insurance
  product which gives maximum cover on a fixed
  annual premium for a defined period of time. With
  the lowest of premium offered, these plans
  provide cushion especially in Unfortunate and
  unforeseen circumstances, that is, in case of
  death of the insured, the beneficiary gets the
  higher insured amount as compared to the life
  insurance policies based mutual funds. If the
  term comes to an end with the insured alive, no
  amount is repaid and the amount deposited with
  the insurance company in the form of premiums is
  kept by the company. Hence term plans usually
  have long terms like 10, 15, 20 or 30 years.

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• Term Insurance plan is usually chosen by people
  who do not have a substantial savings from their
  income and are devoid of pension or other source
  of income. In such a case, if something happens
  to the insured, the family is taken care of
  financially for a brief period. This in itself is
  an assurance to the insured. Term insurance
  covers temporary loans like car loans, home
  loans-if the amount insured is sufficient to pay
  the loan, minor debts, educational expenses and
  medical expenses as specified in the plan. Not
  all medical expenses are included in the life
  insurance term plan.

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• Before buying, one has to specify all the
  personal details. People with tobacco addictions
  and various other diseases are not eligible for
  such plans though accidents and disability
  occurring after the plan is bought can be
  included. Online term plan ask for such details
  and giving authentic information helps in faster
  processing of the approval of the plan as there
  are medical processes for those post online
  payment. Once the details are cross checked by
  the Insurance Company and the online term plan is
  approved, premiums can be paid regularly without
  much hassle.

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• One can buy term plan online (from bajaj Life and
  Met Life) or opt to go to a proper insurance
  agent for the same. To buy it online, one has to
  do thorough research, opt for the right company,
  read the plan and the clauses included and opt
  the best suitable one. This is an important
  criterion as even though these plans come with
  the cheapest premiums, paying and losing it all
  to the company is not always wise. Nowadays
  flexible life insurance term plans are available
  which are convertible provided certain conditions
  are fulfilled.

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https//www.bajajallianzlife.com/term-insurance
/isecure-insurance-plan.jsp
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