Myth 2: - Life insurance is only a waste of money: A term insurance policy provides a pure life cover and thus, it does not provide any benefit if you are
alive till the end of the policy term.
If he remains
alive till the end of the policy term then he will only get the basic sum assured + LA.
Not exact matches
Option 3 — Anant survives
till 5 years
of age When the
policy term ends and Anant is
alive, no benefit is paid as it is a
term plan.