Aman Patni2024-08-07T17:14:52+05:30It offers financial protection for a specified period. If the insured passes away during this time, the beneficiary receives a death benefit.
Q2: What advantages does term life insurance provide?
Aman Patni2024-08-07T17:15:42+05:30It offers financial security for your family, optional critical illness and accidental death coverage, and long-term protection at affordable premiums.
Q3: Is there a term life insurance plan with a Rs. 2 lakh cover?
Aman Patni2024-08-07T17:16:15+05:30Yes, the Pradhan Mantri Suraksha Bima Yojana offers a one-year term life insurance plan with a Rs. 2 lakh cover, providing death coverage for any cause.
Q4: What riders are recommended with term life insurance?
Aman Patni2024-08-07T17:16:57+05:30The waiver of premium rider is a popular choice, as it prevents policy lapses by waiving premiums during critical illnesses or financial difficulties.
Q5: Can I get a refund with term life insurance?
Aman Patni2024-08-07T17:17:44+05:30Traditional term plans do not offer refunds. However, Term Return of Premium (TROP) plans refund the premiums paid at the policy's end, with some deductions.
