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What is term insurance?


Asked By: Saanvi Trivedi



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Term insurance is a life insurance product, which offers financial coverage to the policyholder for a specific time period. Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. Term insurance is the purest form of life insurance policy that offers comprehensive financial protection to your family members against life's uncertainties. It provides financial protection to your family at the most affordable rates. What is Term Life Insurance? Term insurance is a type of life insurance that provides coverage for a specific period of time or years.

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