Term insurance in India is the most popular life insurance product owing to the high coverage it offers to policyholders at a nominal cost. With a term insurance plan, you can be rest assured that your beneficiaries will be taken care of even if the unexpected happens and you are no longer around to take care of them.
With term insurance plans, you can easily opt for comprehensive coverage that offers multiple add-ons and is structured keeping in mind different requirements you might have. All the features can be yours, at a competitive term insurance premiums that do not pinch your pockets and makes you spend more than necessary. With a term policy, you can also opt for the return of premium option, wherein all the premiums you have paid towards the policy will be returned to you, provided you have paid all premiums and made no claims at all.
What is a term insurance claim?
Term insurance claims are always raised by the policyholder’s beneficiaries when the former is no longer around, owing to unexpected circumstances. Term policies offer a seamless process wherein the beneficiary can avail the death benefit without having to undergo any hassles or difficulties even as they recover from the death of their loved one.