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Term Insurance is the best way to provide the cover for one’s life. Currently there are lot of term insurance plans available in the market and the premium is getting cheaper, thanks for the competition.
Before purchasing term insurance please read below points:
1. Understanding the main purpose of term insurance
The main purpose of term insurance is to provide the financial security to your loved ones in case of you died. It is also needs to understand that there is no maturity benefit in term insurance. So use term insurance as the life cover provider not the money making tool.
This post first appeared on Finance Bandhu, please read the originial post: here