What Is Policy Term? | Insurance Basics | Niton Bhattacharjee

What is Policy Term? ⏳🛡️

Policy Term is the duration for which your life insurance policy remains active.

In simple words:

👉 It is the time period during which your family is protected.

If something happens to you during this term,
your nominee receives the Sum Assured.

If the policy term ends and nothing happens,
the coverage stops.

How to Choose the Right Policy Term?

✔ Till your retirement age
✔ Till your major loans are cleared
✔ Till your children become financially independent
✔ Till your major responsibilities are completed

Example:

If you are 30 years old and plan to retire at 60,
you may choose a 30-year policy term.

This ensures protection during your most responsible years.

Remember:

The right policy term should match your responsibilities —
not just your age.

A longer policy term means longer protection.

Insurance Guidance by Niton Bhattacharjee

#InsuranceBasics

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