term life assurance

**Term Life Assurance – A Short Description** Term life assurance is a protection plan that offers financial coverage for a set period, such as 10, 20, or 30 years. If the policyholder dies within the term, a tax-free lump sum is paid to the beneficiaries. It is a cost-effective way to ensure your loved ones are financially secure during critical years. However, if the term ends and the policyholder is still alive, there is no payout.

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