What is a term insurance plan?
Becomeposexpert25 Mar, 2021Finance
A term insurance plan is a type of life insurance cover where the insurance covers the policyholder for a certain period. The death benefit goes to the nominee if the policyholder passes away during the insurance policy term. The ultimate goal of getting term insurance is to ensure that the family holder's policy receives compensation in case of untimely death. Term insurance is also a long-term investment of sorts that your insurance POS agent can help you understand better.
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