return of premium

Term Life Insurance: Why should you not buy a return-of-premium option?

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Term Life Insurance: Why should you not buy a return-of-premium option?

But there are some cost-conscious Indians who still can’t digest the fact that on maturity (and survival), the term plans don’t pay back anything! To cater to such people, life insurers smartly launched the ‘Return-Of-Premium’ option for term plans. That is, this term plan has some survival benefits. How is this different from the plain … Read more

Insurance: Why should you buy term plan with return of premium?

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Term insurance plans are usually meant to provide financial security to the policyholder’s dependents and kin in the unfortunate scenario of policyholder’s demise. Some subscribers, however, don’t subscribe to the idea of a vanilla term insurance  plan since there is no provision of return of their investment.  Consequently, some policyholders opt for the ULIP (Unit … Read more