1 / 6

A Guide to Term Insurance

Term insurance is an individual, non-linked, non-participating life insurance, pure-risk premium product.<br><br>https://www.sbilife.co.in/en/online-insurance-plans/eshield

skshaheen
Download Presentation

A Guide to Term Insurance

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. A Guide to Term Insurance

  2. What is Term Insurance? Term insurance is an individual, non-linked, non-participating life insurance, pure-risk premium product. It offers coverage for a specific “term” or period. The death benefit is received by the beneficiaries if the policy holder dies within the term mentioned in the policy.

  3. Tips to Buy Term Insurance Plan Determine the plan’s tenure by analyzing your investments in stocks, provident fund and mutual funds. Buy early to avoid higher premiums, since they increase with age. Make sure the tenure is only till your retirement years, since you will not be a provider beyond that. Avoid hiding your health information, since it can lead to claim rejection later on. Opt for the seamless online application process for term insurance plans for a smooth experience.

  4. Features of Term Insurance Provides financial security to your family. Discount on premiums for non-smokers. Two-benefit structure with in-built Accelerated Terminal Illness Benefit. Two rider option for comprehensive coverage. A wide range of benefits at affordable premiums. Choice of medical experts from a panel of medical experts.

  5. How to Choose Term Insurance Online Step 1: Use a term insurance premium calculator. You will need to input the policy term, payment frequency and basic details. Step 2: Add your personal details, like name, date of birth, gender and contact information. Step 3: Add your medical details truthfully. Step 4: Choose from the options that fit in with your premium budget, based on the premium calculator. Step 5: Make the necessary payment online.

  6. How to Use Term Insurance Calculator Add your policy term, which can be up to 5 years. Choose the premium payment frequency from yearly, half-yearly, quarterly and monthly. Select your date of birth. Add whether you are a smoker or non-smoker. Add your gender. Now click Submit to calculate the premium.

More Related