About Term Plan
A Term plan covers an individual (Known as Insured) for a chosen coverage amount (known as Sum Assured) and for specific number of years (known as Policy Term). The amount paid by the individual to avail this benefit is called as Premium. In the event of unfortunate demise of the Insured during the term of coverage, assuming all premiums due have been paid, the insurance company provides the Sum Assured to the nominee (the person nominated by the Insured to receive the Sum Assured).
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Medical expenses are sky high these days, but was never cheap ever.Even a small treatment or an appointment with a doctor might consume a lot of money. Health insurance is a must, it saves money and covers unexpected calamities. Health insurance comes in handy to meet emergencies of severe ailment or accident. Sometimes it is associated with covering disability and custodial needs. Life is unpredictable, insurance can make it safe and secure from bearing huge loss. Health insurance is affordable and carries the assurance and freedom from insecurities that threaten life now and then.
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