raaman
Valued Contributor
You can never predict what may happen in the future. How will your family live in your absence? Who will take care of them? If you are really concerned about the well being of your family, then a term insurance policy is a must.
What is term insurance? Term insurance is an investment plan in which your family gets some money during the policy term. However, one thing you should understand. Your insurer will not pay anything to your family or you if you miss the policy term.
At the same time, a number of insurance companies have revised their guidelines in recent times. If you save for the term, the insurance companies concerned will also pay a certain part of the amount you invested with them.
What is term insurance? Term insurance is an investment plan in which your family gets some money during the policy term. However, one thing you should understand. Your insurer will not pay anything to your family or you if you miss the policy term.
At the same time, a number of insurance companies have revised their guidelines in recent times. If you save for the term, the insurance companies concerned will also pay a certain part of the amount you invested with them.