These days the market is full of insurance products. Different insurance companies offer a variety of products. However, of course, it is necessary to analyse each and every aspect before buying any life insurance policy.
One of the most affordable forms of life insurance is Term Life Insurance. It provides death benefit in case of policyholder dies within the policy term. But, if the insured person outlives the tenure of the policy, then he or she loses the premiums paid, and there is no maturity benefit as well. As Term Life Insurance is a pure protection plan, it is designed in such a way that it covers you for a fixed period of years and give your family a substantial coverage amounts in case of your sudden demise during the policy.
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