Keep These Things Before Buying A Term Insurance
Nowadays, insurance has become compulsory for all people. Whether they are a young person or they are a retired person. The insurance becomes very important for the people during an emergency period. If you have not taken a term insurance plan yet, do not delay it. It not only keeps your family’s future secure but also fulfills their financial needs.
What is Term Insurance policy?
Term Insurance policy is a type of life insurance policy that provides us coverage at a fixed rate for a confined period. If the insured (policy holder) dies during the term insurance policy period, the death benefit is payable to the nominee in full.
Nowadays different types of insurance are available on the market according to the needs of the individual. Similarly, the term insurance policy is also a form of insurance.
Do online comparison
Nowadays, each insurance company of India has launched their term insurance plan on the internet. So to buy a better term insurance plan, you can compare it on online aggregator websites and buy it. Apart from, you can elect cover and premium according to on your conveniently.
Choose long term plan
If you want to take a good term insurance plan then we suggest that you take an insurance plan for a longer period of time. If you will buy a term insurance plan for a short period, you will not get the same benefit.
A monthly fee of Rs 900 for a cover of 10 lakhs
Taking the term insurance plan is better for you. If you are 30 years old, then you can take this term insurance plan by paying a monthly premium of Rs 900 for a cover of 10 lakhs. But to take this term insurance plan, you must be 30 years old.
The Best Term insurance companies in India
Here, we have mentioned the types of best term insurance companies in India which are as follows.
- HDFC Life
- LIC (Life Insurance Company)
- Aegon Religare
- SBI (State Bank of India)
- IDBI (Industrial Development Bank of India)
- Bharti Axa
- ICICI
- Bajaj
- Aviva
- Birla Sun Life and more