Why zero-cost term insurance is making a buzz
SummaryIn a zero-cost term plan, the sum assured is paid to the nominee on the death of the policyholder but it offers a special exit feature.
The insurance sector is suddenly abuzz with news of a new term life plan. Known as the zero-cost term plan, it is the latest addition to two other term plans offered by various insurers. However, policyholders need to know how this plan differs from the regular term plan and the return of the premium term plan (TROP) before they buy this policy.