Term life insurance or term assurance is life insurance Product which gives coverage at a fixed rate of Premium for a selected period. The premium paid towards the term policy are non-refundable and its meant to be your protection of life for a specific term, once the term expires, no benefit will be provided to the insured If the life insured dies during the term, the death benefit will be paid to the nominee. Term insurance is the most important life insurance product which provides financial security for the diseased family and earning person should have a term policy in place.
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