It is always recommended that when you buy Term Insurance, you must cover yourself up to the age of retirement.
Here are a few other important criteria that customers should look at before making a purchase decision.
Term insurance plan is a pure risk plan wherein a very low cost is paid to cover life for a specific term
If you are looking for a life cover, you should go for a term insurance to cover yourself adequately
It is always beneficial to take a longer-term life insurance plan
A term insurance policy that does not give profits is also known as a pure risk insurance policy
You can go for a term insurance plan or a mortgage redemption plan to cover the loan liability of your house
The policy term should be determined on a case-to-case basis
Some insurers proactively recommend term insurance as a lead product whereas others don’t
The benefits under a term insurance policy and a personal accident policy are not identical