What's a term insurance? We explain
Updated : July 04, 2018 06:38 PM IST
In term insurance, an individual’s family will get full benefits of the policy if the person dies during the period when the policy is active.
Most term insurance plans come with the option of converting the term plan in to a regular insurance plan once the fixed time ends.
People who are younger usually have to pay a lesser amount so it is preferable to start a policy as early as possible.