Insurance
Term Insurance Kya Hai? — Matlab, Definition & Example
Definition
Term insurance ek pure life insurance hai jo specific period ke liye coverage deta hai. Sabse sasta life insurance hai. Recommended cover annual income ka 10-15x hona chahiye.
💡 Real Example
A 30-year-old can get ₹1 crore term insurance for 30 years at just ₹700-1,000/month. Compare this to endowment plans that cost 5-10× more for the same coverage.
🇬🇧 English Mein (Term Insurance)
Term insurance is a pure life insurance product that provides coverage for a specific period (term). If the insured dies during the term, the nominee receives the sum assured. It has no maturity benefit, making it the most affordable life insurance. Recommended cover is 10-15× annual income.
❓ Common Questions
Term Insurance kya hai simple words mein?
Term insurance ek pure life insurance hai jo specific period ke liye coverage deta hai. Sabse sasta life insurance hai. Recommended cover annual income ka 10-15x hona chahiye.
Term Insurance ka ek example do?
A 30-year-old can get ₹1 crore term insurance for 30 years at just ₹700-1,000/month. Compare this to endowment plans that cost 5-10× more for the same coverage.
Term Insurance ko English mein kya kehte hain?
English mein ise Term Insurance kehte hain. Term insurance is a pure life insurance product that provides coverage for a specific period (term). If the insured dies during the term, the nominee receives the sum assured. It has no maturity benef