Sentences with phrase «of term plans»

This type of term plan provides the dual benefit.

It would be wrong to compare the benefits of a term plan with other investments since its function is completely different i.e. of protection.

There are several types of term plans available including level term, decreasing term, return of premium, and no exam term life insurance.

Comparison of the plans can be based on details of Term Plan and Assured Money Back like eligibility criteria, policy term, returns etc. for these two plans.

Eligibility and vesting age are main aspects of Term Plan and Assured Money Back details.

Bonus is an important part of Term Plan and Term Plan benefits.

Surrender value of Term Plan and Term Plan is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

You could also check premiums of term plans online for even cheaper options.

You would never face such confusion with a combination of term plan and mutual funds.

That means for a sum assured value you have to pay a higher premium in case of term plans with maturity benefit.

Now let us compare the features of the term plans offered by some of the above mentioned insurance companies.

Increasing term life insurance is a form of term plan where the value of the sum assured increases every year.

There are a variety of term plans offered by life insurance companies, each one catering to policyholders who need different rates or premiums, death benefits, coverage flexibility, and term periods.

This ensures you benefit from the low premium during the long tenure of the term plan.

The variety of term plans at one's disposal gives the freedom to select a plan according to priorities without compromising on the safety and financial stability.

The actual meaning of life insurance is 100 % satisfied with the kind of term plans available in Indian market right now.

I hope you are aware about the importance of term plan for individual in today's life.

So, if you understood the importance of a term plan in your life than you can buy this product to secure your life.

Moreover, each life insurance company offers a number of variants of term plans.

The payout of the sum assured is based on the type of payout option selected at the time of purchase of the term plan.

The price of a term plan pays for the peace of mind that comes from knowing that your family will be financially supported if you pass away while they still rely on your income.

To suit all your differing needs, there are various types of term plans available.

As a part of the Term Plans buying process, you have to undergo a medical test.

The company offers one type of term plan which is also available online.

The user can put multiple pattern of inputs to get the different set of term plans as per the requirement, need and budget.

Most of the term plans do not offer Disability risk cover.

Here's a premium comparison of all term plans.

The types of term plans include pure term plans, return of premiums term plans, decreasing term plans, increasing term plans and convertible term plans.

The main purpose of a term plan is to provide high insurance coverage at a low premium.

The price of a term plan pays for the peace of mind that comes from knowing that your family will be financially supported if you pass away while they still rely on your income.

Under such circumstances, the nominee of the policy holder will be paid the sum assured of the term plan.

Despite the fact that, the sum assured by many of the term plans is paid in a lump sum as a death benefit.

So, there are various types of term plan products are available in market.

It's easier to opt out of a term plan as opposed to a cash value policy.

It pays one's loved ones, adequate money as per the sum assured amount of the term plan, to take care of the basic financial needs of the family.

You can compare the cost of term plan across insurers and choose the insurer with low costs.

Riders or add - ons add to the advantages of a term plan, as they provide additional cover against death, disability, hospitalization or critical illness.

Some insurance companies allow the option to enhance the life cover of term plans during critical stages of a policyholder's life.

Because of this the term plan is extremely low priced in comparison to other plans.

Every insurance company sells different lengths of term plans, but most of them are sold anywhere from 5 years to 30 years.

This is known as the death benefit and is the most important component of a term plan.

Also healthy individuals, as defined by insurers, can avail of the term plan without time - consuming medical tests.

Though not many, however, here are the limitations of a term plan which you must know before opting one.

So, these are the few of the term plans which is good to study and choose.

Increasing cover: Here comes something different with typical concept of term plans.

Recently I had a similar discussion with one of my friend and there I tried to explore how these kind of term plan works against typical pure term plan.