Top 6 Things to Know Before Buying Term Insurance in India | How to Choose Best Insurance Malayalam

For Term Insurance plan- https://bit.ly/3qrFjDd

Why Policybazaar?

Policybazaar is India’s largest insurance comparison platform. You can simply compare and buy from the widest range of insurance and investment products on the Policybazaar without any agent or paying any commission.

* Not a financial advice

Term insurance is a type of life insurance policy that provides coverage for a specific period, or term, typically ranging from 5 to 30 years. Unlike permanent life insurance policies, such as whole life or universal life insurance, term insurance does not accumulate cash value over time. It is designed to offer pure protection and pays out a death benefit to the beneficiaries if the insured person passes away during the term of the policy. Term insurance is generally more affordable than permanent life insurance, making it an accessible option for individuals seeking to protect their loved ones financially for a specific period, such as paying off debts, covering living expenses, or providing for dependents.

The importance of having term insurance lies in its ability to offer affordable coverage for a specified period. During this term, if the insured person were to pass away, the policy pays out a death benefit to the designated beneficiaries. This lump sum payment can be used to cover essential expenses, such as mortgage payments, outstanding debts, education costs, or daily living expenses, ensuring that loved ones are financially protected in the event of the policyholder's untimely death. Term insurance acts as a safety net, allowing individuals to secure their family's future and provide them with a financial foundation even if they are no longer there to support them.

In this informative video, we provide a step-by-step guide on how to choose the best term insurance policy for your specific needs. We understand that selecting the right coverage can be overwhelming, so we break down the process into simple and actionable steps. In this video, we can discuss the key factors to consider, such as determining your coverage amount, evaluating policy duration, and understanding policy riders and exclusions. We also delve into the importance of comparing quotes from different insurers and their claim settlement ratio. With practical tips and real-life examples, this video equips you with the knowledge to make an informed decision and secure the best term insurance policy that fits your budget and safeguards your loved ones' future.

00:00 What is Term Insurance
01:10 Fact 1
01:53 Fact 2
03:38 Fact 3
04:53 Fact 4
07:45 Fact 5
09:39 Fact 6

© Pishukkan Episode 98

#terminsurance #insurancetips #lifeinsurance #insurancebenefits #insuranceadvice #securefuture #moneymanagement