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Life Insurance
Term Insurance is a no frills life insurance plans and covers you for a term of one or more years. It pays a death benefit only if you die in that term. Term Insurance generally offers the cheapest form of insurance. You can renew most Term Insurance policies for one or more terms even if your health condition has changed. Each time you renew the policy for a new term, premiums may climb higher.
Term policies,cover only the risk during the selected term period. If the policyholder survives the term, the risk cover comes to an end.
A Term plan is a pure risk cover plan and it meet the needs of people who are initially unable to pay the larger premium required for a whole life or an endowment assurance policy, but they hope to be able to pay for such a policy in the near future.
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