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What is term insurance vs life insurance?

Asked By: Carina Pillai

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5 Answer(s) Available

Pharmacist Ibm Change Management Bangalore India

Term insurance plans are life insurance plans which promise to pay a benefit only if the insured dies during the term of the policy. There is, usually, no maturity


Proud Dog Daddy & a Family Man Strategic Initiatives Office Software Oracle Statistical Analysis Oklahoma City United States

The simplest form of life insurance, a term plan offers a lump sum paid as Death Benefit (Sum Assured). The coverage is available for the limited term of premium


Tv/Film/Theatre Set Designer Sharepoint Ux Lucknow India

Term insurance only provides death benefit in case of demise of the insured within the term whereas a life insurance offers both death and


M.Sc., B. Eng. (Mech) & Minor in Technopreneurship, National University of Singapore Quality Assurance San Diego United States

Flexibility Term plans are quite rigid in the sense that they do not have any paid-up or surrender value and do not pay any maturity benefits. Life Increasing term insurance plan: Term plan wh... Level term insurance plan: Term plan where the Decreasing term insurance plan: Term plan w... Return of premium term plan: Term plan where


Photographer Operational Excellence Asansol India

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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