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pure term insurance plan is a type of insurance that provides coverage for a specific period of time, typically a number of years. It is called "pure" because it offers only death benefit protection and doesn't come with any savings or investment components. In simple terms, it means that if the insured person passes away during the designated period, their family or beneficiaries receive a payout. However, if the insured person survives the term, there is no payout or return of premium.
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