Term insurance provides financial protection to your dependents in the event of your demise during the policy term. In contrast, personal accident insurance covers disability, injuries, or death caused by an accident. Therefore, before settling down on one, get a clear idea of the two. Here’s a detailed personal accident insurance vs term insurance comparison to help you make an informed decision!

The spouse who is homemaker and looks after children, supporting the family may be referred to a non-working spouse. While such an individual might not earn a salary, their contribution to the family as a whole cannot be overlooked and their life deserves to be protected. So, let’s look at term insurance plans for a non-working spouse in India.

Life insurance is a type of insurance policy ensures that the nominee receives a death benefit payout from the insurer in the event that the life insured dies while the policy is in effect. Life insurance plans feature a pre-determined premium payment period term as well as a limited policy tenure during which the life insured is protected. Read on to know how life insurance plans work.

A term insurance plan offers a safety net to your beneficiaries if you pass away during the policy term. However, a traditional term plan provides a lump sum amount, which might be challenging to handle. This is where a term plan with monthly income comes in; this plan provides your family with a guaranteed monthly income, which helps meet their daily financial needs.

Term life insurance is one of the most affordable ways to safeguard your family's financial future for a set period. It offers peace of mind by creating a safety net for your loved ones in the event of your unexpected passing during the policy term.

In this regard, many policyholders are curious about how the maturity benefits of term life insurance work and how they differ from other life insurance options: do you get your money back, or does the coverage simply stop? Understanding how maturity works can help you make informed decisions about your next financial move. Read below to learn precisely what happens when term insurance matures.