In recent years, thousands of Indians have realised the utility and importance of term insurance plans. The term policy offers a substantial pay-out in the form of sum assured, which the insured person’s family can benefit from in their absence. Even the premiums on the plans are affordable. Overall, the policy is a great instrument for safeguarding your loved ones’ future interests. You might have first heard about term insurance plans from an insurance broker or a friend or relative who recen...