1 / 6

Term Insurance Plan

Term insurance is life insurance that offers coverage for a certain period or u2018termu2019. <br><br>https://www.sbilife.co.in/en/online-insurance-plans/eshield-next

skshaheen
Download Presentation

Term Insurance Plan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Term Insurance Plan

  2. Understanding the Concept of Term Insurance Term insurance is life insurance that offers coverage for a certain period or ‘term’. The insured gets the death benefit if they expire within the stated time. These come with simple terms and conditions and rider options for maximum benefits. The entry age is as low as 18 years.

  3. Why to Choose a Term Plan? Term insurance plans help boost your financial immunity. It is quite an extremely useful and viable product and has multiple benefits. Here’s why you may consider it. • Multiple premium payment and ride options • Income tax benefits • Better half benefit option • Premium waiver on the diagnosis of critical illness • Comprehensive health coverage for medical emergencies and assured life cover for loved ones.

  4. Points to Consider Before Buying Term Insurance Keeping the below points in mind will help you get the best term insurance in India. • Financial responsibilities and liabilities • Basic daily expenses as per your lifestyle habits • Inflation and rising costs in future • Ongoing loans and debts • The financial needs of your family Understanding these basic needs will help you find out the correct insurance amount for yourself.

  5. Types of Term Plans in India The top insurance company in India offers the following type of term plans : • Arogya Shield: Standard plan with multiple premium payment options • SBI Life- eShield Next: Three plan options and two-rider options with death benefit payment mode. • SBI Life – Saral Jeevan Bima: Standard term plan with simple terms and conditions • SBI Life – Poorna Suraksha: Term plan with critical illness cover and premium waiver benefit. • SBI Life- Smart Shield: Choice of two plans and a two-rider option.

  6. Benefits of Taking Term Insurance Term insurance is a handy product when it comes to insuring your loved ones. Below are a few benefits of this policy. • Financial security to the whole family in your absence • Optional coverage for critical illness • Premium waiver facility on the diagnosis of life-threatening diseases • Tax benefits as per Income Tax Laws Use a term plan premium calculator to get an idea of the premium amount.

More Related