Type something and hit enter

             What is Term Insurance In Hindi, About What is Term Insurance In Hindi, Benefits of Term Insurance In Hindi, टर्म इंश्योरेंश क्या है, टर्म इंश्योरेंश के बारे में, टर्म इंश्योरेंश से लाभ, टर्म इंश्योरेंस की जानकारी

About Exam :
In today's time, insurance is the name known at home. People of all age groups, including children and older people, come under insurance cover under various schemes offered by insurance providers. During the Emergency this is very important for the person. Various types of insurance are available as per the needs of the person. Similarly, term insurance is also a form of insurance.

What Is Term Insurance:
Term Insurance is a type of life insurance policy that provides coverage at a fixed rate for a limited period. If the life insured dies during the term of the policy then the death benefit amount is payable to the nominee. It is designed to provide security to the family in the event of uncertainty or death.

Let's learn more about Term Plan

Term plan is the most pure form of insurance policy. In this you get a high price cover in very low premiums. Such a policy is taken solely in terms of security. After getting a nominal premium every year in the term plan, you get cover for a few specific years. Generally term policies are taken for 10,15,20,25 and 30 years.

Death Benefit
If the policyholder dies during the policy term, the full amount of the cover is given to the nominee.

Maturity Benefit
If you live for the entire duration of the policy, you do not get any money at the time of maturity.

Tax benefit
Premiums paid under term plan are tax-exempt under section 80C of income tax.

New features

Now the insurance companies charge different premiums based on the risk profile of the person taking the policy. For example, your risk profile is fixed on the following points.

What is the premium for term insurance?
The term of the term insurance policy is the lowest in comparison to other types of life insurance. Premium is less because it has no investment component and the amount of premium is used to cover the risk. No maturity benefit after the expiry of the policy term. On the death of the policyholder the survivor will receive the policy amount.

Key Features of Term Insurance:

  • Initial age - minimum initial age 18 years and maximum initial age 65 years

    •  Exemption period - 15 to 30 days according to the type of policy
    •  Types of Plan - This gives flexibility in terms of choosing a plan. You can choose a plan based on Single Life or Joint Life.
    •  Payment of Premium Term - Single Payment or Limited Pay or Regular Payments
    •  Age of Maturity - 25 years of full life / 65 years / 75 years (various according to policy)
    •  Amount of Premium - Based on the age of the applicant and the sum insured
    •  Policy Revival - Within two years from the date of unpaid premium • Nomination - Nomination facility available
    •  Frequency of Premium Payment - Monthly or Quarterly or Half Yearly or Annual Payments
    •  Policy Coverage - Maturity and Death Benefit
    •  Sum Assured - Various different companies proposed by various insurance companies

    Term insurance companies in india:
    The following companies in India provide term insurance.

  • LIC
    • HDFC Life
    • Max
    • Aegon Religare
    • Bharti Axa
    • SB I
    • IDBI
    • ICICI
    • Bajaj
    • Aviva
    • Birla Sun Life