Term Insurance – The Perfect Life Insurance

<p style&equals;"text-align&colon; justify&semi;"><span style&equals;"font-weight&colon; 400&semi;">What is Term Insurance&quest; How do I get it&quest; If these questions have been bugging you lately&comma; then you are on the right track&period; Most people who look for Term Insurance are those who want to secure their family from any future uncertainties&period; This article attempts to answer most of your questions about Term Insurance and help you choose the best insurance policy that meets your requirements&period;<&sol;span><&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><span style&equals;"font-weight&colon; 400&semi;">What is Term Insurance&quest;<&sol;span><&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><span style&equals;"font-weight&colon; 400&semi;">Let’s start with the very meaning of Term Insurance&period; As harsh as it might sound&comma; the truth is that we live in an era where our lives are uncertain&comma; and no one knows what the future has in store for us&period; It is this very thought that pushes people&comma; especially those who belong to the working class&comma; to secure the future of their family at any cost&period; Though there are many <&sol;span><span style&equals;"font-weight&colon; 400&semi;">types of insurance<&sol;span><span style&equals;"font-weight&colon; 400&semi;"> that companies offer&comma; the most basic one that fits every middle-class’s family budget is Term Insurance&period; The premium paid in Term Insurance is comparatively very minimal and can be afforded by most of us&period;<&sol;span><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><span style&equals;"font-weight&colon; 400&semi;">Here are the reasons why you must choose Term Insurance over the other types of insurance that are available today&period;<&sol;span><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><b>Lower Premiums&colon;<&sol;b><span style&equals;"font-weight&colon; 400&semi;"> Term Insurance is the most prefered form of insurance among common people who make money on a monthly basis&period; This is because they get to pay lower premiums as opposed to some other types of insurance&period; <&sol;span><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><b>The Coverage&colon;<&sol;b><span style&equals;"font-weight&colon; 400&semi;"> One thing that separates <&sol;span><a href&equals;"https&colon;&sol;&sol;www&period;iciciprulife&period;com&sol;term-insurance&period;html" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"font-weight&colon; 400&semi;">Term Insurance<&sol;span><&sol;a><span style&equals;"font-weight&colon; 400&semi;"> from other types of insurances is its coverage&period; Different insurance companies offer different coverages for their customers&period; So&comma; Insurance coverage can range upto age 70 to 99 nowadays&period;<&sol;span><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><b>Flexibility&colon;<&sol;b><span style&equals;"font-weight&colon; 400&semi;"> Term Insurance offers flexibility in various aspects&comma; making it the go-to option insurance for the people&period; In terms of payment methods&comma; the customer can either choose between a monthly or an annual one&period; You also get to add riders to your already existing insurance plan like critical illness riders or an accidental death cover&comma; which will be an addition to your nominal premium&period;<&sol;span><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><b>Tax Benefits&colon;<&sol;b><span style&equals;"font-weight&colon; 400&semi;"> This is probably the most attractive feature of Term Insurance that attracts people&period; If subscribed to Term Insurance&comma; the insured can avail a deduction of up to Rs 1&comma;50&comma;000 every year under section 80C of the Income Tax Act 1961&period; To know more about the benefits under Section 80C&comma; <&sol;span><a href&equals;"https&colon;&sol;&sol;www&period;ndtv&period;com&sol;business&sol;all-you-need-to-know-about-income-tax-benefit-under-section-80c-1992195" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"font-weight&colon; 400&semi;">click here<&sol;span><&sol;a><span style&equals;"font-weight&colon; 400&semi;">&period; The benefits just do not stop there&period; The death benefit that the nominees get after the death of the insurer is liable to any tax deduction&comma; i&period;e&period; it is 100&percnt; tax-free&period; <&sol;span><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><span style&equals;"font-weight&colon; 400&semi;">With the increase in the number of accidents and deaths in this country&comma; it is the perfect time to get Term Insurance and protect the future of those who rely on you&period; However&comma; one must do <&sol;span><a href&equals;"https&colon;&sol;&sol;economictimes&period;indiatimes&period;com&sol;wealth&sol;insure&sol;how-to-buy-the-right-term-insurance-plan&sol;articleshow&sol;65080898&period;cms&quest;from&equals;mdr" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"font-weight&colon; 400&semi;">proper research<&sol;span><&sol;a><span style&equals;"font-weight&colon; 400&semi;"> before they choose one&period; I hope this article helps you in making the correct decision of investing in a Term Insurance plan&period;<&sol;span><&sol;p>&NewLine;