Best Term Insurance Plan in India 2021 | Policybazaar Term Plan
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In this video, we discussed
In this video, we discussed about Best Term Insurance Plan in India For 2021. Term Life Insurance is the most important element of financial planning. It acts as a financial backup for your family to cover multiple expenses, such as child’s education, day-to-day expenses, debt pay-off, etc. in case an unfortunate incident occurs. Term insurance is available in two types - Regular Term plans and Term Plans with Return of Premium (TROP).
Buy Term Insurance Plan 2021 Now - http://bit.ly/3svPnHU
Regular term plans are the simplest form of life insurance. It provides a death benefit as the insurance coverage under the policy. At the time of policy purchase, the policyholder is required to choose a tenure as per his/her needs and pay the premium accordingly.
If an unfortunate incident occurs within the policy tenure, then the nominee is paid the death benefit. The nominee is assigned by the policyholder at the time of policy purchase to receive the death benefit.
A nominee can be the parent, spouse or children of the policyholder. Regular term plans are quite affordable. A 30-year-old resident of Delhi can get Rs 1 crore term life insurance plan for Rs 900 per month.
Under term plans with return on premium or TROP plans, the insurance company returns the total premium paid by the policyholder in case he/she survives the policy tenure. Basically, TROP plans provide a death benefit as well as survival benefit. It is suitable for people who want returns on their term plans.
For example, Mr Pawan had purchased a Rs 1 crore regular term plan with a tenure of 30 years for a premium of Rs 12,000 per annum. If something happens to him during the policy tenure, the nominee will get a death benefit of Rs 1 crore.
If he survives the tenure, he won’t get anything. However, if he had opted for a TROP plan of similar tenure and coverage, he would have received the total paid premium of Rs 3,60,000 on surviving the policy tenure.
People who want term plans with a short tenure can opt for TROP plans. Generally, TROP plans are available for smaller tenures as compared to regular term plans. However, premiums for a TROP plan is higher than that of a regular term plan. Remember to choose a term plan as per your needs and affordability.
Time Stamps :-
00:00 Introduction
00:40 Types of Term Insurance
00:50 Regular Term Insurance Plan
01:47 TROP Plans
02:10 Benefits of TROP Plans
03:40 How to Select Term Insurance Plans
For more information on term insurance, check out the below videos.
Online Term Plan: Benefits of Term In...
Best Term Life Insurance Importance |...
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#BestTermInsurancePlansInIndia #BestTermPlanIn2021 #Policybazaar
Buy Term Insurance Plan 2021 Now - http://bit.ly/3svPnHU
Regular term plans are the simplest form of life insurance. It provides a death benefit as the insurance coverage under the policy. At the time of policy purchase, the policyholder is required to choose a tenure as per his/her needs and pay the premium accordingly.
If an unfortunate incident occurs within the policy tenure, then the nominee is paid the death benefit. The nominee is assigned by the policyholder at the time of policy purchase to receive the death benefit.
A nominee can be the parent, spouse or children of the policyholder. Regular term plans are quite affordable. A 30-year-old resident of Delhi can get Rs 1 crore term life insurance plan for Rs 900 per month.
Under term plans with return on premium or TROP plans, the insurance company returns the total premium paid by the policyholder in case he/she survives the policy tenure. Basically, TROP plans provide a death benefit as well as survival benefit. It is suitable for people who want returns on their term plans.
For example, Mr Pawan had purchased a Rs 1 crore regular term plan with a tenure of 30 years for a premium of Rs 12,000 per annum. If something happens to him during the policy tenure, the nominee will get a death benefit of Rs 1 crore.
If he survives the tenure, he won’t get anything. However, if he had opted for a TROP plan of similar tenure and coverage, he would have received the total paid premium of Rs 3,60,000 on surviving the policy tenure.
People who want term plans with a short tenure can opt for TROP plans. Generally, TROP plans are available for smaller tenures as compared to regular term plans. However, premiums for a TROP plan is higher than that of a regular term plan. Remember to choose a term plan as per your needs and affordability.
Time Stamps :-
00:00 Introduction
00:40 Types of Term Insurance
00:50 Regular Term Insurance Plan
01:47 TROP Plans
02:10 Benefits of TROP Plans
03:40 How to Select Term Insurance Plans
For more information on term insurance, check out the below videos.
Online Term Plan: Benefits of Term In...
Best Term Life Insurance Importance |...
Connect with us:
Facebook: Facebook: Policybazaar
Instagram: Instagram: policybazaar
Twitter: Twitter: policybazaar
LinkedIn: LinkedIn: policybazaar
#BestTermInsurancePlansInIndia #BestTermPlanIn2021 #Policybazaar
4 سال پیش
در تاریخ 1399/10/22 منتشر شده
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