Critical Assessment of Online Term Plan Plus

A prime earning member of the family is always focused on his personal & financial responsibility towards his family. If you are that person, don’t you always try and give your best to secure your income as well as your family’s future, especially considering the rising cost of living?

It is always your aim to give your family the best standard of living. To ensure that, you are determined to work hard and provide for your family’s increasing lifestyle expenses by making savings adjustments, and even try to earn more to secure your family’s future.

While you go through the grind of life and jobs, a term plan plus is a small investment which will reap huge benefits if something unfortunate were to happen to the insured (presumably the prime earning member of the family). Life is uncertain and so can be your finances, if you don’t secure them in time. An insurance product like the online term plan plus from Max Life Insurance can be a reliable choice.

Term insurance plans are one of the most common insurance plans these days. Term plan provides your family a lumpsum benefit at the time of a health/life contingency. In short, if there is any sort of ‘stop’ in the household income flow, in a state of permanency, a term plan will ensure that the family doesn’t have to bear a financial burden. Here are some of the features of the online term plan plus:

Providing a Lump sum benefit

Talking specifically about the online term plan plus, the Max Life product delivers just the same, securing your future (in case of severe illness/disease) and securing the family’s future (witha basic death cover). It delivers a lumpsum to your family for a nominal sum of money (you pay as the annual online term plan plus premium amount).

This sum can amount to Rs 1 crore if you pay an annual premium of Rs 6,372 (Source: Max Life Term Insurance Calculator). The best part is, you can instantly buy the term plan plus online from the comfort of your home.

Also, this guaranteed lumpsum payment provides financial protection, in the real sense. If your family has Rs 1 crore in hand, it will surely relieve them of any financial worries at the moment.

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