Term Insurance

Term insurance is the purest and most inexpensive type of life insurance, allowing you to choose a high level of coverage for a certain period of time. With a low-cost term life insurance policy, you can protect your family’s financial future (term insurance plans generally do not have any cash value, and thus, are available at lower rates of premium as compared to other life insurance products.)

If you die within the policy time, your nominees will get the agreed sum Assured, depending on the payment type you choose (some term insurance plans offer multiple payout options as well)