News From Press Single premium term plans – Should you opt for them?

Single premium term plans – Should you opt for them?

Source: Money Control Jul 8, 2023

The idea of dealing with payment obligations at the earliest is tempting. And therein lies the charm of single or limited premium term-life insurance plans – be done with the premium payments in one go or a few years in return for life cover for 20-30 years.

Despite their seemingly obvious appeal, single or limited premium term plans are not necessarily the best option for most people.

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