Planning to buy insurance? Zero cost term plans tick all the right boxes for you
Live MintThe insurance industry in India is constantly seeking to innovate and introduce new products that are more appealing to investors. The term ‘zero cost term insurance plans’ refers to a new category of term plans that the life insurers have lately added. One of the major advantages of zero cost term insurance plans is that their premiums are quite attractive compared to TROP. Not all the insurance companies offer such products, but if the current product gets success, we might see more players jumping in and launching zero cost term insurance plans. I would say that before buying any term insurance plans or zero cost term insurance plans, policyholders should compare premiums, features, customer services and claim settlement ratio before buying any life insurance products.
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