Term Insurance Benefits Quora. Group term life insurance plans offer tax benefits to both employers and employees. Many employers offer basic group term life insurance at no cost to employees as part of a benefits package.
Get all your premium money back at the end of policy. As per prevailing tax laws, death benefits are exempt from tax under section 10(10d) of the income tax act, 1961. Buy high cover term plan and save your family from financial crisis.
This calculator can provide you all the details such as, what you are paying, the pattern of insurance coverage.
Now that everyone knows, it covers death perils and risks; The key differentiating feature of term insurance against other insurance plans is that unlike other types of life insurance policies, a term insurance policy is less expensive since it does not have any cash value. Check features, eligibility criteria, claim settlement ratio. Buy high cover term plan and save your family from financial crisis.