Term insurance is also called as term life insurance plan, which provides high life cover at low premium rates.Life Insurance policies are a means to protect the family from financial burden that could arise in the event of the death of the earning member. Life insurance is also used as a means of savings in addition to life cover; means to plan for retirement – so that the family starts to get money back from the insurance company after retirement. a means to meet the planned expenses of future – For example, children’s college education, marriage expenses, etc.
