What is a Return of Premium Term Plan?

This variant of term plans offers a survival benefit in the form of premiums paid by the policyholder during the term of the policy being returned at the end of the policy term. While this feature may seem attractive, one needs to bear in mind that by virtue of having this feature these plans are more expensive than Term plans and may not be as beneficial as taking a stand alone Term plan together with investing the amount you would save on the reduced premiums.

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