Term Insurance Benefits In Hindi. Term insurance is the simplest form of life insurance product. Need of buying term insurance:
Least expensive alternative treatment (leat): The plan also earns bonuses during the plan term. Now that everyone knows, it covers death perils and risks;
Term insurance plans are the only life insurance products that are especially designed to solve a sole purpose of protection.
Death benefits are paid to either of the survivors in the event of death of spouse or main policy holder; So, if you have a term insurance or are planning to buy one it is essential for you to know which death cases are not covered in. Children policy (bal jeevan bima) the salient features of this scheme are as under: In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary.