I often get asked “what is the one decision which affects or
improves a person’s financial life”. My reply “Term Life Insurance” .This will
be the best investment or financial decision one can make in your life.
Have you have just started earning or have a family? You
should spend your first salary on the best term life insurance policy you can
find. Agreed you can’t enjoy the benefits of your term plan. But it secures the
financial requirements of your family when you’re gone.
I don’t want my daughter’s education or my mother’s medical
treatment to be unavailable because of lack of money. I also don’t want to
burden/thrust my wife with these responsibilities.
Considering how important family is to me (and I assume same
for you), a term plan becomes inevitable. To have peace of mind that the claim
will be paid, you need to choose the best. So which is the best term life
insurance plan in India ?.Let us try to brainstorm that.None of us knows what
might happen even the next minute. If your child, life partner or your
parent(s) depend on your income then you need to have Life Insurance plan.
In this post, let us shortlist and understand some of the
best Online Term Insurance Plans in India. These best Term Life Insurance plans
can be purchased through online.
What is
“Term Life Insurance Plan?”
Term insurance is the simplest and most fundamental insurance
product. Best
Term Insurance Plan are designed to ensure that in the event of the
policyholder’s death, the family gets the sum assured (the cover amount). Term
plan provides risk coverage for a certain period of time (policy
term/duration). If the insured dies during the time period specified in the
policy and the policy is active – or in force – then a death benefit will be
paid. It is the cheapest form of Life insurance in terms of premium.
Online Term
insurance Plans are,
Cheaper than conventional plans like money back life
insurance or endowment plans (or) offline term plans. Online term insurance
plans are roughly 30-40% cheaper than the offline plans.
The entire application submission process happens online
through the company’s website. So, it is hassle free.
You may not be influenced by an agent/advisor during the
buying process.
Source: http://blogterminsurance.tumblr.com/post/144852594836/best-term-life-insurance-plans-online-policy-in
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