Best Term Insurance Plan

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Term insurance plan is, unlike other insurance is an insurance plan that you buy for a fixed duration of time and gives you you easy returns in case the policy holders dies in the given duration. Unlike other insurance plans, the term insurance plan is less expensive and comes with a clause that if the policy holder lives longer than the maturity period, the whole amount of the policy is not payable.

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A term insurance plan, in fact is a plan that saves you and your family from any financial emergency in case the only bread winner of your family dies due to any reason.

Various insurance companies offer different term insurance plan with different claim settlement ratio. However, to buy the best term insurance plan, one must be aware of the benefits, risks and other things that affect the policy that you are buying.

Disclose all the relevant information to the policy company from which you are planning to buy a plan. This relevant information will include whether you are a smoker or not, if you have any history of critical illness or hospitalisation. Hiding any of the important details in your insurance application may lead to the cancellation of your claim and it might also lead to your insurer cancelling your policy altogether.

Make sure that policy does not go into a lapsed state: though buying a policy is definitely a smart move, but just signing up a few documents does not suffice for all of it. Make sure that you pay the premiums regularly in order to keep your term insurance plan active.

You can send an alert to your bank so that the amount is automatically deducted from your account and the premium is paid in time.

Premium may vary in future The online price quote you receive is provided on the basis of an assumption that you carry normal risk in terms of health, occupation, and your family medical history. After you submit all relevant documentation, the insurer may request you to undergo medical tests to arrive at the actual policy cost. In case the medical reports indicate that you are exposed to certain risks, the premium for your insurance may rise.

Advantages of buying a best term insurance plan

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  • Financial security,
  • Basic insurance product
  • Greater returns
  • Sufficient coverage
  • Survival benefits
  • Policy term
  • Flexible payment options
  • Low brokerage
  • Tax benefits

At Policy21st.com, we understand the significance of the tread and have planned the procedure whereby you can contrast and choose the plan with the best premium as well as features. One can easily compare and shop for the term insurance plan over the net and make sure that the required information is provided by you right.

  • Showing the features and premiums of insurance plans from different insurers
  • It is important that comparison should around 30 seconds
  • Just comparison is totally balanced
  • It’s a FREE of cost service!

Why should people afford the best term insurance plan?

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  • Term insurance India is a good insurance plan with no investment module
  • The selected company of the insurance will pay to the nominee just in case where the life secure die during the time period of the policy
  • People who are looking for the online process can have a good amount on the administration as well as other charges
  • In order to cover of 10 times of the annual salary, one need to pay yearly an amount of 2-3% of your annual proceeds

Best Term Insurance Plan

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Term insurance is an insurance plan that gives your family a financial security after the death of the policy holder. The entire insured amount is paid to the nominee of the beneficiary at the event of sudden death of the policy holder. A term insurance is an insurance taken for a fixed term and you can take it for a period of 5 to 15 years and more depending upon your need.

The following are the advantages of a term insurance plan:

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  • Financial security,
  • Basic insurance product
  • Greater returns
  • Sufficient coverage
  • Survival benefits
  • Policy term
  • Flexible payment options
  • Low breakage
  • Tax benefits

Term insurance becomes a must because the life that we lead extremely unpredictable. Best term insurance plan secures you from any emotional emergency that might turn into financial emergency.

From your EMI to rentals, everything is taken care of by the best term insurance plan.

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