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Thread: Query on Term Insurance?

  1. #1
    PolicyWala Newbie
    Join Date
    Mar 2009
    Location
    India
    Posts
    10

    Default Query on Term Insurance?

    I am 25 year old working in a leading MNC, looking to buy a term insurance plan. I have a query that If a person take the policy for the sum assured of 50 lakhs for 25 years. And if nothing happens to him till the end of 25 years. What will happens if he dies at the 26th year. Will the sum assured will be payed to his nominee?




  2. #2
    PW Fan LastWarrior's Avatar
    Join Date
    Jun 2009
    Location
    India
    Posts
    76

    Default

    Term Insurance is a pure risk cover. You won't get anything back. But there are some Return premium Term plan, you can opt for those. But I would recommand to go only for pure term plan.


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