Term insurance is a pure protection life insurance policy.
It provides coverage for a defined period in exchange for a specified premium amount.
In case of an unfortunate event during this time frame, the insurer provides a guaranteed# payout.
It compensates your nominee for the loss of your income.
Term insurance plans provide financial security to the family of the beneficiary in case of death of the policyholder and also get optional coverage for critical illnesses or accidental death.
Affordable premium, life coverage with financial security, and income tax benefits is an important feature of term insurance plans.
And in this video, we learn about what Term Insurance is, how it works and who it is for
00:00 - Introduction
00:53 - What is Term Insurance?
01:45 - Various types of Life Insurance Plan
01:56: How does Term Insurance Plan work?
03:00 - Various types of Term Plans
03:18 - Level Assured Term Plan
03:45- Term Plan with Return of Premium
06:12 - Increasing Term Plan
08:31 - Decreasing Term Plan
09:23 - Convertible Term Plan
09:57 - Which plan you should select
10:10 - Life Stage Benefit in Level Sum Assured Plan
Scripted & Hosted by: Aditi Khandelwal
Edited by: Ritesh Parihar
Subtitles by: Tania Ngariyambam
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