Does Term Life Insurance pay full amount?
Term insurance provides death benefits when a policyholder dies within the policy term. The sum assured is equal to 10 times of annual income. Term insurance doesn’t provide any maturity benefits. If any policyholder wants to have maturity benefit, he/she can opt for a term return of the premium plan. In this plan, you may receive money back which is equal to the total premium amount you paid for the term cover. ..Read More