What is term insurance

1
What Is Term Insurance?

• An Introduction.

2
Term Insurance Basics

• Term insurance Plans is the simplest and most
  affordable form of life insurance.
• Term plans provide peace of mind to you by
  ensuring that your family is financially secure
  and independent, in your absence.
• In the event of your unfortunate demise during
  the policy term, your nominees will receive the
  Sum Assured which you had selected while
  purchasing the plan.

3
Definition

• What is Term insurance It is a form of life
  insurance that is active for a fixed period of
  time (popularly referred to as the term).
• These plans are easy to understand and provide
  financial protection that your family will need
  if you are no longer around.
• Term life insurance is the most affordable type
  of life insurance because it is temporary and
  builds no cash value inside the policy over time.

4
Reasons to Buy

• Term Insurance offers high life covers at lower
  premiums
• Simplicity of Term Plans
• Tax Benefits of Term Insurance
• Death Benefit Options
• Riders of Term Policy