https://www.taxtmi.com/news?id=56861 Term insurance is presented as a pure protection product to provide a lump sum to dependents on the insured's death; policy selection should follow a five step process: quantify liabilities and goals to determine cover needs, use a term insurance calculator to obtain recommended sum assured and premium estimates, compare plan features and insurer claim performance, add only essential riders, and complete application and underwriting. Emphasis is placed on affordability, early purchase for lower premiums, periodic review for life changes, and prioritising insurers with reliable claim settlement. en-us Thu, 25 Sep 2025 11:01:03 +0530 Thu, 25 Sep 2025 11:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56861 Term insurance is presented as a pure protection product to provide a lump sum to dependents on the insured's death; policy selection should follow a five step process: quantify liabilities and goals to determine cover needs, use a term insurance calculator to obtain recommended sum assured and premium estimates, compare plan features and insurer claim performance, add only essential riders, and complete application and underwriting. Emphasis is placed on affordability, early purchase for lower premiums, periodic review for life changes, and prioritising insurers with reliable claim settlement. News - Thu, 25 Sep 2025 11:01:03 +0530 https://www.taxtmi.com/news?id=56861