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Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the
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Term insurance only provides death benefit in case of demise of the insured within the term whereas a life insurance offers both death and
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Term life insurance is a type of life insurance that guarantees payment of a death benefit during a specified time period.
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The most common difference between a term insurance and traditional life insurance plan is that a term insurance plan only provides death benefit in case of demise of the insured within the term period, whereas a life insurance policy offers both death and maturity benefit to the insured.
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Term Life Insurance. The simplest form of life insurance, a term plan offers a lump sum paid as Death Benefit (Sum Assured). The coverage is available for