Posted on October 03rd, 2010 in Term Assurance
2) Term Assurance Plans: a) Temporary Assurance (Table No. 43): It is a term assurance plan which provides risk cover for a short period of two years or less. b) Mortgage redemption Assurance (Table No. 52): Decreasing term assurance policy to meet the requirements of borrowers, where the death benefit is the outstanding loan amount. [...]
