A term insurance plan is the most popular and common insurance option that people initially opt to purchase. Right from the time you begin work, you should invest in a term plan as it offers the highest amount of protection. Term insurance ensures that everybody who is dependent on you will be looked after even if you are no longer around.
What Is Term Insurance?
A term insurance plan is a blanket coverage for your life, and term insurance benefits are helpful in many different ways. By buying a term insurance plan, you can ensure that your dependents will be able to maintain their standard of living and take care of themselves financially even when you are no longer around. While a term insurance plan caters to offering overall protection in case of death, it can also be customized to offer coverage especially against critical illnesses or even disability.