Term insurance is one of the purest form of insurance. This insurance is excellent oppurtunity for a person to save his family in an economical way. In this insurance there is no survival or maturity benefits. The claim amount is given to the nominee of the policy holder on his death. The major advantage of this insuance is that it gives a very high economical protection for a family at a very cheaper rate. A post has been made with an illustration of term insurance along with the benefits. This insurance is suitable for the buiseness people and economically worth people.
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I was little confused in the term and whole life insurance policy as I do find only one difference between them that is of duration. Your above explanation cleared all my doubts and now I have clearly understood it.
ReplyDeletethis is a very good write up on term plans...i think you should write more frequent on investment plans...i have come across an interesting site on investment plans and review...www.infopleez.com
ReplyDelete
ReplyDeleteI came across this link on singapore life insurance, hope can provide more insights.
singapore life insurance