Term insurance is a well-known insurance product among policy buyers. It helps cover future eventualities and secure your family. A term plan with a
Most term insurance plans offer the benefit of riders. However, the riders, their conditions and their costs vary.
Here are a few things you should keep in mind before choosing a rider or a standalone policy.
When NRIs buy term insurance in India, the aim is to secure the future of their family back home which is financially dependent on them for a living.
A pure term plan levies 18% GST across all premiums whereas TROP GST is 4.5% annually and 2.25% thereafter.
It is essential to understand ways to increase sum assured amount while term insurance is ongoing depending upon the unwinding circumstances in life
The third wave of the pandemic has already hit the US and a major part of Europe.
Policybazaar.com reported that the premium paid for buying a term cover in India is cheaper by 20% to 40% as compared to any other country
Insurance companies increase the sum assured based on the health of the policyholder while buying the policy.
Riders are meant to elevate the level of protection coverage for the policyholder, thus making the term insurance plan more comprehensive in nature.