Evaluating and buying term-life insurance plans,
made easier than ever.
Evaluating term-life insurance plans is important as it helps you to save significant money on premiums without compromising on coverage; but manually evaluating policies can get too tiresome. Hence, Policies365 is here to make the entire process easy and convenient for you with its user-friendly interface, accuracy and hassle-free navigation.
Getting term-life insurance is to protect your loved ones against any kind of financial deprivation in the event of your untimely death. It is making sure your loved ones continue to live a life of privilege that you gave them even after you are gone without making them and their dreams financially crippled under the burden of unpaid loans and other liabilities.
Term-life Insurance types can be
broadly classified as follows
1) Lump-sum claim payout term-life insurance plans
With this, the total claim amount is paid
to the nominee as a lumpsum.
2) Installment-based claim payout term-life insurance plans
This plan favours paying out the claim amount to the nominee
in the form of monthly or yearly income which is paid over
a fixed period of time.