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Steps on: How does Term Plan work?
Do you constantly think about your family’s financial future without you? A term insurance plan can help alleviate your fears. To understand the significance of term plan for your family and identify a plan that suits your needs, it is essential to know the significance of life insurance for your family, its role in providing financial security to ensure your family can cover regular expenses, child's education, and other responsibilities in your absence.
If the policyholder passes away unexpectedly during the policy tenure, the nominee receives, promised sum assured as the policy payout. To enhance family’s financial protection, one can also opt to purchase riders or add-ons.
Here are primary 6 steps as to how a term insurance plan actually work –
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
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