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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 Singh , Gurugram Haryana , Life Insurance Companies , Max Life Insurance , Bajaj Allianz Life , Har Family Hogi , Gurugram Haryana India , Ctober 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 Liabilities , Hey 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 Has , Nd One Can Excise This Option Depending On His Or Her Financial Situation Ever Since Policybazaar 39s Inception In 2008 , He 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 Period , O 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 Life , Max Life Insurance , Nd 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 Singh , Policybazaar Com , Uot For Almosta Decade Anda Half , Olicybazaar Has Persevered To Establish Term Insurance Category And Its Awareness In India Despite The Considerable Uptick Adoption , Here 39s Stilla Tendency To Keep Deferring The Decision Unless An Unforeseen Tragedy Strikes Now , Ith Greater Awareness , He Life Insurance Industry Is Witnessing An Increased Demand From Consumers And Products Like Zero Cost Term Plans Effectively Address That The Effectiveness Of These Targets Average Indian Family Aims To Expand Safety Net Length Breadth Country Quot Until Now Two Categories Existed , Uch As Term Plans Undera Regular Plan , F The Policy Holder Dies During Tenure , Is Or Her Nominee Will Get The Sum Assured No Maturity Amount Paid If He She Survives Policy Term Return Of Premium Plans Trop Undera Plan , Is Or Her Nominee Will Get The Sum Assured Of All Premiums Are Returned On Policy Maturity These Plans Typically Cost Twice That Regular Term This Now Third Categoryi Ea Zero Plan Cover You During Period And If Policyholder Dies Tenure , Is Or Her Nominee Will Get The Sum Assured Comes With An Option To All Your Premiums Back Ata Specified Age And Most Importantly Cost You Same As Regular Term Plans Policybazaar Com One Of India 39s Largest Insurance Marketplaces It Flagship Platform Pb Fintech , Hich Owns The Fintech Brand ,