Why you Must Have a Term Insurance Plan?
Life is uncertain and you never know what the future holds for you. You always want to ensure that your family remains financially secured, even when you are not around. In the tough times of life, your family must be ready to fight against uncertainties and to tackle this scenario, you need to make sure your family has the robust financial security. Having Term Insurance works best for you. Term Insurance – What It Covers? Term Insurance provides financial stability to your family & loved ones. In the event of your unfortunate demise during the policy term, the life insurer will immediately pay the entire life cover amount (as a lumpsum or installments, depending the option chosen) to your nominee/ beneficiary. In your term insurance, you must pick a life cover that can cover your family’s recurring expenses such as household expenses, paying bills, etc. Also, it should be able to meet your family’s future financial obligations such as children’s education & their marriage, fi