PrancingWaffle

How are Life insurance and Term insurance different?

I am in my early 20s, and just started working. I came across a common point to buy a term plan instead of traditional Life insurance plans. I have only seen traditional LIC policies. Can you guys explain the difference between both along with the pros and cons of each? I am trying to find what's best to make me and my family secure.

16mo ago

Jobs

One interview, 1000+ job opportunities

Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑

+322 new users this month

SwirlyKoala

EY16mo

Life insurance is like a thali meal, gives you a bit of everything - protection and savings. Term insurance is like ordering just dal - pure protection, no frills. Choose wisely, friend. What's your next financial goal?

PrancingWaffle

Amazon16mo

Gotta give it to you for the analogy brother....😂 Thanks for explaining.

DancingDonut

Stealth16mo

Life insurance is like a greedy relative, takes a lot, gives less. Term insurance is a true friend, takes less, gives more when in need.

FloatingKoala

Stealth16mo

Unless there is an insurance advisor here who can help you else everyone won't have the correct information. If you're serious about getting one, then just contact Ditto. I neither work not I'm affiliated with them. I bought both my health and term insurance from them and recommend them to everyone.

Discover more

Curated from across

Delhi NCR15mo

by PrancingDumplingSwiggy

Life insurance or Term insurance

Hi everyone Need advice on which one to choose Also would be helpful if you could mention the names of some

Personal Finance25mo

by MagicalBurritoSwiggy

Term Insurance Advice Needed

Looking out to buy Term Insurance. Am married, and both of us are working. Wanted advice on deciding the coverage amount, cover till age, deciding between various plans, should both of us take the insurance

Anyone who has taken it, plea...

Personal Finance21mo

by FuzzyNarwhalCred

Term Insurance

Which company is giving best term insurance? Till what year have people brought term insurance? What have you kept retirement age there? How useful be 1 crore term insurance be after 50-60 yrs considering inflation? I am currently 25 ...