Will term insurance policy serve your need?

Thinking of buying a term insurance policy? Check these pros and cons to see if it fits your bill.


  • Simple and easy to understand.
  • Pricing is very competitive.
  • Most term policies are “renewable” and “convertible”.
  • More tax benefit under section 80C.


  • Steeply increasing premiums with increasing age.
  • Difficult to buy term insurance above the age of 65 or 70.
  • Nothing is payable to you as there is no savings.
  • Will not provide money for education of child, marriage, retirement needs.
  • No loans available from term policies.
  • No income or capital corpus for your family.
  • No hedge against inflation.
  • Wealth creation is not possible.

We will be glad to assist you in building your savings for your future financial well being.
Please feel free to fill the form below if you have any queries on your existing investments or new investments

About the Author: deepak

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