Term insurance premiums are economical with respect to the higher coverage amount it offers. Secure your family’s future take the most important decision of tomorrow, TODAY. Make Term Insurance your best friend and protect your family. Easyfinfra help you to find right cover for you and your family with hassle free consultancy with offers a life cover to the insured at the lowest premium.
What is Term Insurance?
Term Insurance is a life insurance plan that provides financial coverage to the beneficiary of the insured person for a defined period of time. In the event of death of term insurance policyholder during policy term, the beneficiary can claim death benefits from the insurance company. The death benefit is payable to the nominee or beneficiary who is usually a family member. You can choose to get a lump-sum amount or a combination of lump-sum and monthly amount as per your requirement. Some Insurance Companies also cover permanent or partial disability wherein the policyholder’s regular income is disrupted.
Note: In case of survival of the policyholder the coverage at the earlier rate of premiums is not guaranteed after the expiry of the policy. The buyer has to either obtain extended coverage with different payment condition or forgo the coverage entirely.
Why You Should Buy Term Insurance?
Don’t be short-sighted. Get Term Insurance and secure your family’s future. Save their harassment by financially securing them through a term plan.
In the event of an unforeseen situation who will take care of your liabilities and responsibilities? It is here that the importance of term insurance is felt. The lumpsum that your family will get as death benefit can bring financial stability and pay off the liabilities.
It is the real support that your family can have if something happens to you. Term insurance is important for everyone and especially more for the bread earner of the family.
Reasons Why Term Insurance is Affordable
- It is a pure insurance plan with no investment component
- The insurance company will pay to the nominee only in case where the life assured dies during the policy period
- With online purchase of term insurance you save lot of money on administration and other charges
- For a cover of 20 times of your annual income, you just pay annually a sum of 2-3% of your annual income.
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