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Term Insurance: Lump Sum Vs Staggered Payout Option – Which one should you choose?


When you buy a term insurance plan, it comes with the option of receiving the total sum assured – also known as death benefit – either as a lump sum or in the form of staggered payout.

A term plan is no doubt a must-have for any breadwinner of the family and both these payout options have their own set of benefits.

Term insurance has undoubtedly gained great popularity amongst the working class over the last few years. A major reason being – it provides maximum value for your money invested over a term of 20 to 50 years. Moreover, for anyone seeking ...


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