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Gurugram (Haryana) [India], October 3 (ANI/NewsVoir): Policybazaar has partnered with leading Life Insurance Companies to launch a new category of Term plan under which the policyholder has the option to submit the Term plan post-retirement when his or her financial obligations are over and get all premiums back net of GST. This effectively means one could buy a Term plan and keep themselves financially protected during the working years when their families are dependent on them and once the liabilities are over, they could exit the plan and get all their premiums back (net of GST) making the cost Zero. This is a very powerful concept because customers don't pay anything extra to avail of this benefit making term insurance even more compelling as a protection tool. This option of exiting is a choice that the customer has, and one can excise this option depending on his or her financial situation. Ever since Policybazaar's inception in 2008, the brand has pioneered and innovated

Sarbvir singhGurugram haryanaLife insurance companiesMax life insuranceBajaj allianz lifeHar family hogiGurugram haryana indiaCtober 3 ani newsvoir policybazaar has partnered with leading life insurance companies to launcha new category of term plan under which the policyholder option submit post retirement when his or her financial obligations are over and get all premiums back net gst this effectively means one could buya keep themselves financially protected during working years their families dependent on them once liabilitiesHey could exit the plan and get all their premiums back net of gst making cost zero this isa very powerful concept because customers don 39t pay anything extra to avail benefit term insurance even more compelling asa protection tool option exiting choice that customer hasNd one can excise this option depending on his or her financial situation ever since policybazaar 39s inception in 2008He brand has pioneered and innovated the term insurance category to casta wider safety net over india 39s under insured population this new is one such innovation that should increase penetration there are customers who consider buying insurancea waste of money since ina regular plan if survives till maturity periodO benefit is paid out to the policyholder this should encourage segment consider buying term plan because now premiums are returned under newly introduced concept on zero cost plans these available policybazaar website with insurer partners hdfc lifeMax life insuranceNd bajaj allianz life insurance the launch of this new category is aligned with brand 39s larger message and mission 39 har family hogi insured sarbvir singhPolicybazaar comUot for almosta decade anda half