If you go deeper you will realise that pure term plans score over return of premium (ROP) term plans on many counters
Money back plans include periodic survival benefits in addition to maturity and life cover
The surety of stable income draws millions towards guaranteed insurance plans. But are these guarantees good enough?
Term insurance is dependent on income, age, selected policy term (say 40 years), where the premium will be fixed for whole period
Though life insurance is an integral part of financial planning here are a few examples of people who can consider skipping term insurance.
The longer the tenure of term insurance, higher will be the policy's premium throughout the term
Experts always suggest opting for a standalone critical illness policy alongside a comprehensive health insurance plan
Some joint life insurance plans offer fixed monthly payments to the spouse in case of the death of the primary insured
Buying a suitable term insurance plan is a must formula for everyone regardless of their age, responsibilities and gender
If you want to escalate your grievance with the insurance company here is how: