What is a return of premium term plan?-aviva-life-term-insurance-plans

A term plan usually doesnt have a return component. This means that the policyholder pays the premium only for life cover and if he lives, he doesnt receive any benefit at the end of the term. However, if you opt for a return of premium term plan, the premium will be returned if you outlive the policy period. This type of a term plan is however more expensive that a pure term plan.