Term Insurance Policy is a pure protection plan which doesn’t provide any maturity benefits, unlike other life insurance policies. It acts as a chalk horse in a rough time and guards your family financially.
It is now highly preferred by Indians because of its unique qualities like high life coverage, low premium rates along with other flexible benefits. In your absence, the term insurance policy gives your family the leeway to lead their life comfortably without any restrictions as they use to do before. All these features are essential to consider while choosing the best term insurance for yourself and your family. However, it is also imperative to know about the claim settlement process before purchasing a term insurance policy.
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