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  • 5 years ago
Term insurance is a type of life insurance that provides coverage for a specific period of time or years. This type of life insurance provides financial protection to the nominee in case policyholder dies during the policy term. Term Insurance policies provide high life cover at lower premiums. For eg: Premium for ₹ 1 Cr Term Insurance cover could be as low as ₹ 490** p.m. These fixed premiums can be paid at once or at regular intervals for the entire policy term or for a limited period of time. Premium amount varies basis the type of the premium payment method opted by the buyer.

Link: https://www.iciciprulife.com/term-insurance.html

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