What is term insurance, why is it important to take it?

LIFE INSURANCE RAJPAL NEHRA

Term insurance is a type of life insurance

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It gives cover for a certain period of time. Meaning 10, 20 or 30 years.

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If the insured dies during this time, the family gets full cover. It is much cheaper than normal insurance.

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LIKE SAVE AND SHARE

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Apart from being cheap, the cover amount is also very high. A 30 year old person can get a cover of Rs 1 crore for ₹ 10,000 annually

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If nothing happens to the person within that specified time, the premium does not get refunded.

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These days, term plans that return premium are also in the market.

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Term insurance is the most important part of financial planning.

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SSC GD VACANCY NOTIFICATION 2023-24

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