Term Life Insurance is a type of life insurance product where the term of the policy period can be tailored. This insurance provides death benefits based on the agreed policy when the insured passes away during a specified term.
Types of Term Life Insurance :
1. Yearly Renewable Term Insurance
2. Increasing Term Insurance
3. Decreasing Term Insurance.
This insurance is suitable for :
Head of family / breadwinner, to secure family’s financial future
Someone starting a career, to achieve financial security
Anyone who wants to get financial protection from the risk of death
Anyone who has a home ownership loan, car ownership loan or other loans.