Insurance Review: Max Life Smart Term Plan; Options galore to customise as per need

Insurance Review: Max Life Smart Term Plan; Options galore to customise as per need

A term insurance plan is a low-cost, high cover plan in which the sum assured is paid to the nominee if the death of the insured happens within the policy term. It has no maturity value such as a car insurance policy. The popularity of Term insurance plans may be gauged from the findings of a recent survey that found, “While a reasonable 65 per cent of the urban population of the country owns life insurance, term insurance owners only make an abysmal 21 per cent of urban India.” The premium – to – sum assured ratio is in favour of term plans compared to traditional plans such as endowments and money-back, still people refrain from getting a pure term plan.

Read More

0Shares

Leave a Reply

Your email address will not be published. Required fields are marked *