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Term Insurance Plan

Term Insurance plans enable policyholders to secure their familyu2019s financial future, regardless of what life has in store for them. Term plans work like limited life insurance policies. They provide life cover for a specific time. To enjoy the life cover, you must pay premiums at regular intervals. If anything happens to you, the policyholder, during the policy tenure, your nominee receives the promised sum assured as the policy payout.

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Term Insurance Plan

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  1. Term Insurance Plan

  2. Term Insurance Term Insurance is a straightforward life insurance product providing coverage for a designated tenure. Should the policyholder pass away during this period, the nominee receives the assured sum payout. Term insurance planempower policyholders to safeguard their family's financial future, irrespective of life's uncertainties. Term insurance plans provide substantial coverage at budget-friendly premiums.

  3. What is Term Insurance? Term Insurance is a life insurance policy that offers coverage for a fixed number of years - the “term” of the policy. If the insured individual dies when the policy is active, a death benefit is paid to the nominees of the insured individual. A basic variant of term insurance has no cash value which means, if the insured person survives the term of the policy, the policy does not return any value, with the exceptions of plans like Return on Premium etc.

  4. How Does a Term Plan Work ? Term plans work like limited life insurance policies. They provide life cover for a specific time. To enjoy the life cover, you must pay premiums at regular intervals. If anything happens to you, the policyholder, during the policy tenure, your nominee receives the promised sum assured as the policy payout. To enhance your family’s financial protection, you can choose to purchase riders or add-ons.

  5. Term Insurance for Housewife Term Insurance for housewives is an affordable and effective way for Indian housewives to protect their families in the event of untimely death. It provides a lump sum benefit to the dependents of the insured, should they pass away. This can help to cover financial liabilities, such as medical bills, funeral expenses, and other debts. This type of policy can be tailored to meet the needs of the family, and the premiums can be adjusted as needed. For instance, if the family's financial situation changes, the terms of the policy can be adjusted so that it is still affordable.

  6. Term Insurance for Self-employed Persons and Business Owners For self-employed persons and business owners, term insurance is an essential form of financial protection. It is designed to provide financial security to those who depend on them, whether it is their family, employees, or business partners. Term insurance can be used to protect business owners against financial losses due to death or disability. The sum assured can be used to pay off debts, secure future income for family members, and keep the business running. In addition, term insurance can also provide financial stability to the dependents of the policyholder.

  7. Thank You

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