These plans are focused to cover the risk of unexpected early demise of an individual or a main Bread-winner or transferring huge liabilities to Insurance Company.

It is preferred as a short-term solution for huge risks.

If death happens during the term, then only term policy is triggered.
 

SILENT FEATURES

• Economical and Constant Premium.
• Additional Cover strengthens the portfolio.
• One can add Rider benefits depending upon their need.
• Conditions varies across companies.
• Given to people above age 18.
• Mostly half yearly and yearly mode of premiums are payable.

 

Sanghavi’s Recommendation:

• Term Insurance is a must have for all the Bread- winners, people with huge liabilities or people with dependents
• It is extremely good for individuals who have just started earning.
• It can also help corporates to cover their key people or mitigate huge liabilities like loans etc.