Karma-phal we desire might not be good for us
k Siva Prasad Gita Acharan (K Siva Prasad is an IAS officer and these writings can be accessed at anchor.fm /GitaAcharan and medium.com /@GitaAcharan).
Benefits of term insurance policy that makes it the best option for a secured future
Term life insurance is a popular form of life insurance policy offering a substantial amount as a death benefit to the policy nominee upon the untimely demise of the policyholder. Term insurance secures your family during uncertainties by providing them with the much-needed financial support in your absence. It is a pure protection plan without any maturity benefit, unlike other life insurance plans. One of the primary benefits of term insurance policy is its high sum assured amount at a low premium cost that no different life insurance policy offers. However, people often look at it as an investment toll which is a misconception. So, let us discuss its unique features in-depth for better understanding:
What are term insurance benefits?
You should remember that life itself is flighty. You may weave numerous plans and financial objectives in the course of your life, and at that point, work out the math to assemble funds to achieve them. But an untimely demise can imperil these objectives while leaving your family stranded. In such troublesome occasions, no measure of cash can replace the loss of a dear one; however, term insurance benefits can financially secure your family in your absence.
