Lump sum vs instalments: How nominees can receive term insurance benefits after the insured person’s death(Soban News)

Term insurance provides financial protection to a policyholder’s beneficiaries if the policyholder dies during the policy term. Depending on the plan, nominees can receive the death benefit as a lump sum, instalments, or a combination. 

​Term insurance provides financial protection to a policyholder’s beneficiaries if the policyholder dies during the policy term. Depending on the plan, nominees can receive the death benefit as a lump sum, instalments, or a combination.  by Soban News (international And National News)