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Term insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active - or in force - then a death benefit will be paid Term Insurance Benefits: Term insurance is the cheapest form of insurance. Fixed Premium during the term period Untimely death benefit to dependents Add riders like Child, Waiver of Premium, or Accidental Death to your Term Life Insurance What kind of deaths are not covered in term insurance? Death due to Terrorist Attack Death due to war or natural disaster like earthquake/tsunami Term Insurance Claim Process: Claim Process Upon Death In the event of death of the insured during the term of the Term Life Insurance policy, the nominee has to intimate the insurance branch. Thereafter, a claim form has to be filled and submitted to the office with the original policy documents and the death certificate. This entire process could take up time; ranging from a few weeks to three to four months, if all the paperwork is in place. In case of complications, it could take much longer.
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Term Insurance
An overview by BankBazaar
What is Term Insurance ?
Term insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active - or in force - then a death benefit will be paid
Term Insurance Benefits
Term insurance is the cheapest form of insurance.
Fixed Premium during the term period
Untimely death benefit to dependents
Add riders like Child, Waiver of Premium, or Accidental Death to your Term Life Insurance
What kind of deaths are not covered in term insurance?
Death due to Terrorist Attack
Death due to war or natural disaster like earthquake/tsunami
Term Insurance Claim Process
Claim Process Upon DeathIn the event of death of the insured during the term of the Term Life Insurance policy, the nominee has to intimate the insurance branch. Thereafter, a claim form has to be filled and submitted to the office with the original policy documents and the death certificate. This entire process could take up time; ranging from a few weeks to three to four months, if all the paperwork is in place. In case of complications, it could take much longer.
How To Choose Best Term Insurance
Guidelines Before choosing term insurance
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Visit to http://www.bankbazaar.com/insurance/term-insurance.html
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http://www.bankbazaar.com/insurance/term-insurance.html
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