Tag archive: "term-insurance"

Bajaj Allianz launch Online Term Insurance iSecure

Rajesh Singla

  Bajaj Alliaz has joined the bandwagon of other private insurance companies by bringing online term insurance. Bajaj Allianz has ...

Term Insurance – Why & How much life cover one need?

Rajesh Singla

Although one life is invaluable but one has to put a no. for his life. This is trickier question & one has to see various aspects before deciding. If your children are small, you’ll need to provide a large sum as the benefit has to last longer. Accordingly, if they are older, you’ll need a smaller sum. You’ll require insurance to give your family an income for as long as it needs, pay off your mortgage n other loans n cover bigger costs like Children's college fees & their marriage.

Term Insurance

Rajesh Singla

Term life insurance or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments and/or conditions. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium Rs. basis.

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