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Glossary term

Term Insurance

Pure life cover with no maturity

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Definition

What is Term Insurance?

Term insurance pays the sum insured if you die during the policy period, and nothing if you survive. No maturity benefit, no investment component — all premium goes to pure cover. ₹1 crore cover at age 30 non-smoker is typically ₹900–1,400/month in India; most cost-effective way to protect dependents.

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