Main features

Term insurance is a pure life insurance policy that offers huge financial coverage to the policyholder with a minimum amount of premium for a specified duration. A basic variant of term insurance has no cash value which means if the insured person survives the term of the policy period, the policy does not return any value, or else the policyholder has to opt for a Return of Premium option. Term plans come along with many add-on facilities or riders like

• Accidental coverage

• Waiver of premium

• Total and permanent disability

• Critical illness, etc.

Life flows with uncertainties and the best time to get term insurance is at the earliest in everyone’s life. As the term implies ‘life insurance’ the coverage is only for the life of the insured.