Term Insurance in 5 Minutes | Term Insurance Guide | Axis Max Life скачать в хорошем качестве

Term Insurance in 5 Minutes | Term Insurance Guide | Axis Max Life

Check term insurance premium & get free consultation - https://tinyurl.com/2s3j3xcz When you hear the word term insurance, it might sound a little complicated But the truth is, a term insurance plan is one of the simplest and most affordable ways to protect your family’s future. In this video, we break down what is term insurance, how a term plan insurance works, and why it’s one financial step every earning individual should take, whether you’re just starting your career or managing a family. What Is Term Insurance? Let’s start with the basics. A term insurance plan is a type of life insurance that provides financial protection for a fixed period, called the “term.” If something unfortunate happens to you during this period, your family receives a large payout (known as the death benefit). That’s the core idea behind an insurance term plan: protection, not profit. Want to checkout Axis Max Life Insurance term plans? Explore more here: https://tinyurl.com/2s3j3xcz Benefits of Term Insurance Wondering why you should buy a term plan? Here are the biggest benefits of term insurance you can’t ignore: 1. High Coverage at Low Cost A term insurance plan gives you a large life cover at a surprisingly low premium. For example, you could get 1 crore coverage for just around INR 1,000-1,500 per month. 2. Financial Security for Your Family The main goal of any term plan insurance is to protect your loved ones. If something happens to you, your family gets a lump sum amount to manage expenses. 3. Return of Premium Option Some term insurance plans offer a “return of premium” feature, where you get back all the premiums paid if you survive the policy term. 4. Tax Benefits Premiums paid towards your insurance term plan are eligible for tax deductions under Section 80C, and the payout your family receives is also tax-free under Section 10(10D). How a Term Plan Helps in Real Life Example 1: Rohan, 30, is the only earning member of his family. If he buys a term plan, his family will receive a financial safety net if anything happens to him, ensuring that rent, school fees, and home loans are taken care of. Example 2: Priya, a working mother, adds a critical illness rider to her term plan insurance. This gives her extra cover in case of serious illnesses like cancer, so she can focus on recovery, not bills. That’s why buying a term insurance policy isn’t just about you, it’s about protecting the people who depend on you. Customize Your Term Insurance Plan Today’s term insurance plans can be personalized with riders to offer broader coverage: → Critical Illness Rider: Get a lump sum payout on diagnosis of serious diseases like cancer or heart attack. → Accidental Death Benefit: Provides an additional payout in case of death due to an accident. → Waiver of Premium: If you’re disabled or unable to work, your premiums are waived but your cover continues. Whole Life Cover & Income Replacement Modern term plans go beyond just fixed terms. You can now choose whole life coverage, protection that lasts till the age of 99. Plus, some term insurance plans come with income replacement options, where instead of a lump sum, your family receives a steady monthly income after your death. Why You Should Buy a Term Plan Early One golden rule of term insurance is simple, buy early, save more! The earlier you purchase your term insurance plan, the lower your premium will be. For example: → A 25-year-old may pay 600/month for 1 crore cover. → A 35-year-old might pay 1,500 for the same coverage. Special Term Insurance Benefits for Women Many insurers now offer special term insurance benefits for women, lower premiums, critical illness cover for breast and cervical cancer, and extra protection features. For women, buying a term plan isn’t just about family protection, it’s an act of empowerment. So, if you’ve ever thought “Why buy term insurance?”, here’s your answer: Because life is unpredictable, but your family’s future doesn’t have to be. Thank you for watching! Stay safe, stay insured with Axis Max Life Insurance. --------------- Timestamps 00:00 – Start 00:39 – Introduction and Meaning 01:55 – Scenarios where term plan becomes a SAVIOUR 02:54 – Riders and add on 03:36 – Income Replacement 03:52 – Why Buying Early is Extra Beneficial 04:03 – Real Life Examples 05:36 – Special Benefits for Women --------------- #TermInsurance, #LifeInsurance, #InsurancePlans, #FinancialPlanning, #FamilyProtection, #AxisMaxLifeInsurance, #TermPlan, #InsuranceAwareness, #MoneyMatters, #FinancialSecurity, #SmartInvesting, #PersonalFinance, #TaxSavings, #FinancialGoals, #FinancialFreedom, #FuturePlanning, #LifeCover, #PeaceOfMind, #axismaxlifeinsurance ARN:YT161225KBB