Know this before buying a term life insurance

Period of the policy
Buying life insurance? This will help you understand term life insurance better.
When you invest in a term life insurance at a younger age you get higher cover at a lower premium.
Premiums become expensive in the later years, it is best to opt for a term life insurance at a younger age.

Get the right policy cover
Always keep in mind future responsibilities that are of financial nature, child’s education, mortgage, personal loans, etc. All of this should be taken into consideration while deciding the policy cover.

Payout options
Catering to different preferences and needs, with term life insurance you can go for a lump-sum payout or choose a life cover with the possibility of monthly or partial payout.

Flexibility
Policies are available for different time frames. You can get a cover that can last for a year or so with an option for annual renewal of the policy or go for a lock-in period of five years which can cover short-term debts.
They are also available for longer periods, that way, term life insurance gives you the flexibility to select the policy according to your needs.

Premium rates
Perhaps one of the most significant benefits of term life insurance, premiums.
Term life insurance offers high life coverage for a set period at considerably low premiums than other life insurance policies.
Insure your life with a clear focus, term life insurance is simple to understand. Our expert advisors can help you is decide the coverage amount, duration of the policy, and then choose the insurance provider.

  • Get a quote online – Want to apply for your life insurance online? You can, with NRI Life Insurance. Get your personalized quote.
  • Speak with an advisor – Make well-informed decisions with helpful advice. Talk to our advisor on +1 408-290-4096
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