Ask Sawal : Question Answer Forum

What is term insurance vs life insurance?


Asked By: Carina Pillai



Report
Share on Facebook
Tweet on Twitter
Share on Linkedin
Share on Reddit
Share on Whatsapp


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

Report
4

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

Report
4

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

Report
3

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

Report
1

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.

Report
1


Related Questions

Login


Lost Password!

Create Account