Life InsuranceTerm Life Insurance
REFUND OF PREMIUM EXPLAINEDTerm insurance is the simplest and purest form of life insurance. It provides financial protection to your family at the most affordable rates. With term insurance, you can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to the nominee in case of death of the person insured during the term of the policy.
Term insurance with return of premium offers a premium refund on the maturity of the policy. In case the insured survives the entire tenure of the policy, then they are eligible to receive the total amount of premium invested towards the plan on completion of the policy term.
