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Term Life Insurance The Best Option To Keep The Smile On

Posted in Business/Sale, and Economy

Last updated on July 26, 2019

Term Life Insurance Policy is the best option to keep your families happiness on.  Yes, If you have a number of financial commitments like children’s education, house construction, etc a Term Life Insurance Policy is the best option to go for.

We are living in a world built-in by different kinds of dreams. No doubt money is the criteria to fulfill these dreams.  But unfortunately, the sudden demise of the family’s earning member put all those dreams in vain.

Do you think your family would be able to repay your outstanding home loan? Surely this question will scare you even for a minute.

Yes, but you need not worry, here is an option to overcome this dilemma.  Go for a Term Life insurance to prevent your family from feeling the burden of repayment of financial liabilities in your absence.

Term Life Insurance What Is It?

term life insuranceIt is the most affordable type of life insurance as it provides a tax-free lump sum money for financial security which lasts for fixed years.  It is nothing but an, insurance policy which pays a death benefit to your beneficiary.

Term insurance the simplest insurance cover which provides cost-effective insurance cover against all types of liabilities Click To Tweet

That is to say, the policyholder pays the premiums regularly and if the policyholder dies within the policy’s term. Or otherwise, it does not have any money value. Here, in this case, a part of the premiums for permanent life insurance go towards building the cash account.

In short, the phrase Term Life Insurance is also known as Pure Life Insurance that means it guarantees payment of a state of a death benefit during the stipulated time period. Here the policyholder can either renew for one more term or can convert to permanent coverage or can be terminate.

Is It Worth Joining In Term Life Insurance?

Yes, indeed it is worth buying or opts for it as it is the cheaper one than any other permanent Life Insurance policies.

In reality, the older you get the cost-effectiveness of any insurance is going to cost more.  But if you go for Term Life Insurance when you are young and healthy, the monthly premium you pay will cost a smaller amount.

Term Life Insurance Policy is the best option to keep your families happiness on. Click To Tweet

Few Reasons To Buy Term Life Insurance

The number one reason is Term Life Insurance (TLI) policy returns a high-value insurance amount at an affordable premium as low as Rs. 490/month for a cover of Rs. 1 Crore.

TLI also covers critical illness like heart attack, cancer, kidney failure, etc.

Your immediate family members get a larger payout in case of your untimely death in an accident.

TLI also provides Tax Benefits on the premium paid under Section 80C.

Help in case of disability: In case of permanent disability due to an accident, the company waives your future premiums.

TLI is easy to understand the insurance policy.  You can reduce the cost by buying needed coverage instead for the rest of your life.

As the premiums are low comparing the permanent if you want to abandon in between before the term period you will not lose much money as in the case of a permanent policy.

Go for a Term Life Insurance and earn a high-value insurance amount at an affordable premium Click To Tweet

Term Life Insurance

Image Courtesy: Canva and ICICIprulife

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  1. Nike

    I always appreciate your organizing posts. Up to this point, I will read and kind of save the thought for later, so thanks for sharing the ideas! The review speak volumes. Term Insurance, no doubt the best option. Will share it with my friends. Keep writing. All good wishes.

    July 11, 2019
  2. Varun Sharma
    Varun Sharma

    I am happy to read your post on life insurance.
    It is indeed a good option to join by, especially the youngsters this will be a great option.
    The return benefits are worth notable and will surely be a help to the dependents in case of an emergency happens. It’s really good to read more about Term Policy and its features thru this review. A well written and believable review. Vey helpful to us, I will share it with my friends via my social media and other family members. Thanks for sharing this idea!!

    July 11, 2019
    • Hi Varun,
      Thanks for the maiden visit and for the insightful share. Yes, this term policy gives much value to the family members of the policyholder.
      Thanks again for your encouraging words. Please spread the word about its popularity and features of this policy so that someone out there may be get benefitted.
      Keep visiting.
      PS: Hope you will check our Comment Policy, the link to the post is given along with all the published posts.
      P V
      Philip Verghese ‘Ariel’ recently posted…Term Life Insurance The Best Option To Keep The Smile OnMy Profile

      July 11, 2019
  3. I am very happy to be here again after a bit gap. :-)
    All posts are very informative and useful. Having a Life insurance policy, of course, we will be free of tension throughout our life. I will share these links with my friends definitely… Keep writing… All the best!

    July 12, 2019
    • Hi Devi,
      Thanks a lot for the kind visit and feedback.
      I appreciate your time again here.
      Yes, Insurance policies in a way eases our tension. But we need to choose the policies wisely. Term Insurance policy is indeed a better choice.
      Keep sharing
      Have a great vacation with the children and other dear ones.
      Keep informed.
      Philip Verghese ‘Ariel’ recently posted…How To Create An Amazing Brand On A Micro BudgetMy Profile

      July 15, 2019
  4. Kevin

    This post is really a piece of timely information to me.
    Will join and share it with my colleagues and families and friends.
    This is no doubt a great plan to ensure our life beautiful.
    Great post with useful information.
    Thanks for sharing.

    July 12, 2019
  5. Amayra Calt
    Amayra Calt

    Hii Philip Verghese,
    Thanks for posting such an informational information. This article is very useful and make us to gain new more knowledge regarding “Term Life Insurance The Best Option To Keep The Smile On”. This is very nice article. Thanks for taking out your precious time and posting this wonderful blog and share information with all.

    July 13, 2019
  6. Sheera Denial
    Sheera Denial

    Thanks for posting this wonderful blog ad making us aware about this topic. This is very useful and interesting too.

    July 13, 2019
  7. F W B Alex
    F W B Alex

    This post is really a piece of timely information to me.
    Will join and share it with my colleagues and families and friends.
    This is no doubt a great plan to ensure our life beautiful.
    Great post with useful information.
    Thanks for sharing.

    July 27, 2019

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