Term life insurance policy can help you stay safe from the predicaments of life. It takes care of your family’s needs should any tragedy befall you. It provides an assured payment to your nominees in case of your death which they can use for their expenses. This sum assured remains the same throughout the policy. However, over time, your responsibilities increase, and so do your costs. Apart from that, you also need to take into account market inflation and the rising cost of the necessities. Hence, a sum assured at the time of purchase might not be sufficient 10-15 years down the line.
Why Should You Consider Life Stage Benefit When Choosing A term Plan?
TOOLS & CALCULATORS Pages
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