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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 Plans are the purest and most affordable life insurance plans to provide comprehensive financial protection to your loved ones in your absence. A term insurance plan provide nominees of the policy with a lump sum amount as death benefit, in the event of the insured's death, during the term of the policy.
Loanbyphone.in provide Term Insurance in simple document process. First you provide document and our company verify document and provdie your Term Insurance.
A term plan not only offers financial security to your family but also is capable of fulfilling its future needs such as your child’s higher education, child’s marriage, etc. Among all the life insurance products, the term insurance policy offers the highest life coverage for the minimum premiums during the term of the policy. Some Insurance Companies also cover permanent or partial disability wherein the policyholder’s regular income is disrupted.
Note: In case of survival of the life insured the coverage at the earlier rate of premiums is not guaranteed after the expiry of the term insurance policy. The buyer has to either obtain extended coverage with different payment condition or forgo the coverage entirely.