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What is a Term Insurance?
Term insurance is a type of life insurance that offers you life coverage for a specific period or a ‘term’. It is the simplest and most affordable form of insurance.
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Types of Life Insurance Plans
Term Insurance Plan: It is a type of life insurance that provides life coverage for a specific term or a period in return for regular premium payments. The Sum Assured is paid to the beneficiary in case of an unfortunate death in the course of the policy. It is the most affordable and the simplest life insurance.