We have many term plans at www.insuranceinchandigarh.com for whatever your life situation maybe. We provides a secure future for your family, even in your absence which want everyone. You can make your loved ones dreams come true via Term Insurance plan. Term Plan is a type of life insurance which covers the insured person for a certain period of time or years. If the insured dies over the policy tenure a death benefit/sum assured is paid out & no payout is made if the insured survives till the tenure. The purpose of taking Term life insurance is to provide life cover to the policy holder and financial security to his family.
Term insurance plans better to provide pure life cover which means that no saving & profit. These plans are basic plans which makes life insurance more affordable. It is possible for the policy holder to opt for largest life cover because on lowest premium we can take high sum assured. Term plan insurance has two types i.e., level term & decreasing term. The level & decreasing term refer to the death amount during the tenure of the policy.