List of Best life insurance plans in the India 2020 | Term Insurance Plans in India
Term Life Insurance Plans are just what you need to add to your list. It's the best way to protect your life from the insecurities and uncertainties of life. Term insurance plans are also known as Pure life insurance plans , they are a type of life insurance plan that guards you for a term period in exchange for a premium amount. This premium amount is fixed depending on various features such as the age of the insured, medical history of the insured, as well as the sum assured which is appointed for the insurance policy. This sum assured is the money which the beneficiary gets after the insured dies in the form of the death benefit. It is important to note here that the policy is only valid for the fixed term period, upon its expiration, the policyholder is required to renew the policy, if not the policy is considered invalid. Thus, the insured person is no longer under the protection of the policy and no death benefit is paid. Key Benefits of the policy : Death Benefit -