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What is term life insurance?

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2015/12/30
Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Insuring the life against any odds/contingencies may happen in future, to make good to the loss caused due to happening of such events.

Simply providing financial protection to your dependents in case of your death or financial assistance to your medication in case of any loss caused to you due to any accident.

My2 cents. Thanks.

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

A life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit, unlike an insurance policy which allows investors to share in returns from the insurance company's investment portfolio.

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