Namashkar Doston, In this video, we are going to discuss the term insurance. Term insurance is one of the cheapest insurance plans available in the insurance industry. As per the plan, the insurance company pays a lump sum amount of money to the beneficiary at the death of the insured during the term of the plan. In return, the insured pays a premium to the insurance company. There is no survivor benefit in this plan. Many companies have included riders in this plan for extra benefits at some extra cost along with the premium. In this video, I am going to tell you 3 important points to remember before buying a term insurance policy.
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