Author : Kate Catt.
Published : Fri, Jul 12 2019 :11 PM.
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Term insurance plans are one of the most basic and traditional forms of life insurance. These are basically protection plans that are designed to protect one’s family against unforeseen circumstances by offering financial security to manage their expenses if you are not around with them anymore. A term insurance plan has a specific time period assigned to it, which is also known as the plan term. In case the policyholder/life insured dies during this plan term, his/her nominees are liable to be paid the sum assured by the insurance company.
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