Term Insurance Vs Life Insurance - Quora. The only similarity between term and life insurance plans is their tax benefits. 1 health insurance company in india for you is the one that fulfils your insurance expectations.
You would get the option to customized the term plans based on your needs. Many people might not tell you term insurance plans come with a lot of tax saving benefits, which make them one of the best life insurance options available in the market. In other words, an endowment.
Another argument in favor of health insurance over a term plan was that, its a product where you can claim every year and protects your financial life from regular attacks of money sucking illnesses and accidents and anyways premiums are increasing very fast for health insurance (or would increase in future) because of the health care inflation.
Group term life insurance is a type of term insurance in which one contract is issued to cover multiple people. In case, you are not comfortable buying a term insurance plan through online mode, you may consider offline term plans offered from the same insurer. In this article, we discuss about the 5 best. The purpose of life insurance is to provide financial protection to the dependents after the death of an insured.