80C Term Life Insurance
- Term insurance is a type of life insurance that provides coverage for a specified period, known as the policy term.
- Term insurance is a type of life insurance that provides coverage for a specified period, known as the policy term, which can range from 5 to 30 years or more, depending on the policy chosen.
- If the policyholder passes away during this term, the death benefit is paid out to the beneficiary. Term insurance is particularly valuable for income protection. If the policyholder is the primary earner in the family, the death benefit helps ensure that their dependents have financial support even after their demise.