What is Term Insurance - Meaning, Definition, How it Works & Who Should Buy It | 5 Minute Finance

Описание: Having a term life insurance policy is the most effective way to secure your family’s financial well-being in case of your untimely demise. This 5-minute video explain term life insurance in the most simplest way.
What is Term Life Insurance?
Term life insurance is the simplest and purest form of life insurance that only covers the death risk of the insured, and provides no maturity benefits.
It is popular because of low and affordable premium amount and provides high life cover.
Who Should Buy Term Life Insurance?
Any who earns and has dependents or is the sole breadwinner of the family should buy term life insurance.

Chapters:
00:00 Introduction
00:26 What is Term Insurance?
00:58 How Does Term Insurance Work?
03:15 Policy Premiums
03:39 Who Should Buy Term Insurance?
04:41 Premium for ₹1 Crore Insurance
05:16 How to get Term Insurance?