To live a longer and healthier life, we all make conscious choices and decisions that can prolong our lives and allow us to enjoy them to the fullest. However, there is no control over sudden emergencies that life throws at us.
In the recent times, people have gotten wearier and more cautious of not only how they live but also where they invest and what insurance plans, they chose to buy for securing their loved ones. In testing times like these, you need a good health plan for your wellbeing and a good insurance plan for your and your family’s financial security.
Just like daily exercising and routine diet plans help keep your health in check, a term plan with return of premium offers financial safety against life’s uncertainties, ensuring that you and your family members are covered even during tough times.
Simply put, a term plan with return of premium can provide comprehensive protection against financial instabilities through various stage of life. This type of plan is essentially a long-term financial security providing term life policy that offers protection against life-threatening ailments, accidental injuries, and various other unprecedented emergencies. Here are some of the benefits that a policyholder can avail-
One of the most notable benefits of this plan is the survival benefit, wherein the plan offers to pay back the total amount of the policyholders’ annualised premium in case they have survived through the policy tenure. Try and find yourself a policy that offers all of these benefits at a premium paying rate you are comfortable with and for a policy tenure that is as long as possible.
You can purchase term insurance with return of premium online by following these steps:
If you run a term insurance comparison between traditional plans and the term plan with return of premium, then the latter will probably come out a winner. It has additional benefits, coverage at an affordable price and flexibility, unlike most basic life insurance plans, making it a viable option.
Choose Max Life Insurance Smart Term Plan
If you are looking for a term life insurance policy that offers long term financial security against life-threatening ailments, accidental injuries, and other emergencies, then Max Life’s Term Plan with Return of Premium can be your ideal bet. Upon policyholder’s selection of Premium Back Variant, this product will be a Non-Linked Non-Participating Individual Life Insurance Savings Plan.
You can choose to entitle your wife and children for this term plan with return of premium under the Married Women’s Property Act of 1874 because, in case of the policyholder’s untimely death, it will give insurance cover payout to both the wife and the children.
Moreover, they will also get the survival benefits in the form of a refund of premiums in case the policyholder has survived the policy term. All in all, a term plan with return of premium, i.e., TROP, is instrumental in securing the future of your loved ones in your absence and offers survival benefits to the policyholder as well. Take the first step towards financially securing yourself and your family and get this policy today.