A term insurance plan is an insurance policy for a fixed time period. During this period, family of the insured gets the sum assured in the insurance policy in case of the death of the person. As human life is full of uncertainties, this policy has the capability to give protection to a great extent. Besides the benefits of insurance coverage, the market in India gives such numerous policies with other benefits to help the insured person in case of extreme difficulties. QuickBima has years of experience to help those, who need guidance about “which is the best term insurance plan” to buy from the market.
There exists no doubt about the efficacy of the term insurance plan but the experts at QuickBima are only capable of telling you about the exact benefits of such plans. Their opinion could certainly guide the buyer to buy the right product in term insurance policy.
Benefits of term insurance plan
Critical illness- Sudden appearance of critical illness in the body of family head is a major concern for the entire family. When the family head dies of a particular illness, the family suffers extremely. The family of the insured in the term insurance policy gets the entitled sum in case of death of the family head in some critical disease. This helps considerably in the resettlement of the family.
Cheapest coverage- A term insurance policy is available with the payment of lowest premium. The premium amount in this type of policy is the cheapest in comparison to other available policies in the market. By no means, such a policy becomes a burden on the insured person's financial condition. He gets the liberty to pay the premium amount as per his capacity either quarterly, half-yearly, or annually.
Great risk management tool- If the insured has taken a housing loan and bought a house, he could take an insurance policy along with this for the same value in order to minimize the risk of his death from an unexpected cause. When he continues the payment of EMI from the loan along with premiums of his life insurance policy, the rest of the unpaid amount of the housing loan gets paid by the insurance provider, when the person dies due to any natural cause, illness or accident. QuickBima is an author on such risk management tools that go way ahead to help the person in such emergency and disaster.
Perfect assessment of needs- QuickBima has the best team, which could assess the exact needs of a person for a term insurance plan. The team of experts gives the right suggestion about the type of policy and amount of premium that a person needs to take as per financial conditions of his life.
Get add-on benefits- The market has many such companies, which give additional benefits in addition to the amount in the term insurance policy. QuickBima has the names and details of such trustworthy companies and suggests the person about the right term insurance policy to buy. The person could compare online to know about the right term insurance plan to buy from the market.
QuickBima is IRDA approved web aggregator which helps you to compare insurance product like car insurance, life insurance, health insurance, term insurance , travel insurance & business insurance. And provide you free insurance quotes.