With the coming of online insurance comparison websites term insurance policies have now become very popular among new age customers. The premium is also very less when compared with traditional life insurance products for the same amount of cover. The only reason why a policy holder pays less for a term insurance because he /she only pays for the cost of covering risk and nothing comes back at the end of the term of the policy.
There are multiple questions that need to be answered before you buy a term insurance plan:
Like all financial decisions buying a term insurance is also critical. If factors mentioned above are not considered well in advance then you end up staying under insured and which will defy the actual reasons why you bought the policy.