Which is the Best Term Insurance Plan?

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Which is the Best Term Insurance Plan?
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• Term insurance plan offers you a very large cover
  at very affordable premiums. Most of the term
  insurance plans have moved online and it is
  relatively expensive to buy it offline plans when
  the benefits are EXACTLY the same.

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• Now coming back to the question of the best term
  insurance part - I really have no favorites. What
  is most important is that YOU fill up the
  application form yourself. Ensure that all the
  information shared by you is accurate. That
  ensures that the insurance company does not have
  a reason to reject your claim due to incorrect
  representation. Apart from this you may also want
  to consider the claims ratio of the insurance
  companies as one of the significant parameters.
  If you have filled up the application form
  correctly, no insurance company can reject your
  claim. But if there is a godo history to the
  insurance compnay it is better to use it in our
  favour.

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• Take term insurance right away, it is the best
  form of cover for your family and your loved
  ones. So go check out the claims rato of
  different life insurance companies on our site
  and go in for a company which falls in the top 5.
  The other factor could be a brand preference of
  yours. There are quite a few big brands operating
  in the life insurance space and if you have an
  affiinity for any one of them, you may go in for
  any of them.

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• Apart from these, there aren't really any other
  factors whic impact the decision making process.
  The benefits are more or less identical in the
  different plans. There are a few variations in
  the way the payouts are made - some offer you a
  lumpsum beneft and a few other offer a regular
  monthly income options. Some companies offer a
  few riders which come at an additional cost.

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• This is what I would recommend - take a term
  insurance plan RIGHT NOW. Term insurance plans
  are the best form of cover for your family who is
  totally dependent on your income. DO NOT put off
  this decision for later thinking that nothing
  will ever happen to you.

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