icon Term Insurance. Term insurance is a life insurance plan offered by an insurance company that provides comprehensive financial coverage against premiums paid for a limited period to the beneficiary of the policy; this coverage, provided under term insurance plans, is paid as death benefit upon the demise of insured during the policy term.

Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the time period specified in a term ...

Term insurance is a life insurance product offered by an insurance company which offers financial coverage to the policy holder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary.

Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.

Term life policies have no value other than the guaranteed death benefit. There is no savings component as found in a whole life insurance product. The policy's purpose is to give insurance to ...

Term insurance is a pure life insurance product, which provides financial protection in case of death of the life insured during the term of the policy. A term insurance plan is the most affordable form of life insurance cover.

What is Term Life Insurance? Term Life insurance is the purest and most cost effective form of life insurance. This type of life insurance provides financial protection to the nominee in case policyholder dies during policy term. Term Insurance policies provide high life cover at lower premiums.

Term Insurance - life insurance payable only if death of insured occurs within a specified time, such as 5 or 10 years, or before a specified age. Third Party - person other than the insured or insurer who has incurred losses or is entitled to receive payment due to acts or omissions of the insured.

What is term insurance? Term insurance is life insurance that provides insurance coverage only for a fixed period of time. An example of term insurance is the Dependants' Protection Scheme.. Buy term insurance if you only need protection coverage for a fixed period of time.

Standard Term Insurance. Standard term insurance is the most simple and straightforward term plan. The life assured pays the premium as per the mode decided at the time of policy purchase.

What is Term Insurance? Term insurance is a type of life insurance where the insurer provides coverage for a certain 'term' in exchange for a specific premium paid over a period of time. If insurer dies during the term period specified in the policy, a death benefit is paid to the family of the insured.

The annual premiums for the term life insurance plans change from time to time so do not take it that once you see it here, the figures will not change. From time to time, some term insurance distributors will have discounts on premiums if you purchase a $1 million policy.

Term Insurance is the most affordable form of insurance that provides high life cover for a specific period of time. You can avail a Term Insurance policy by paying low premium and secure the financial needs of your family in your absence

Term Insurance plan or Term life insurance plan is a a simple and pure risk cover form of life insurance. It provides financial protection to your family at affordable and cost effective rates. You can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate.

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.A person or entity who buys insurance is known as an insured or as a policyholder.

Life insurance includes term life insurance plan, whole life plans, endowment plans, money back plans, ULIPs, child Plans, investment plans and retirement plans. 2. General Insurance– Also known as non-life insurance, general insurance is defined as any insurance that that doesn’t fall in the category of life insurance.