In simple words, when you buy a term life insurance, you agree to pay a predetermined amount every month in exchange for a promise from the insurer that they will pay a predetermined sum to your beneficiaries in the event of your death during the policy's term. Note that your premium payments will last the entire duration of the term.

Here are some points you need to be aware of:

• Life expectancy is the factor that determines premiums and the sum assured. The older you are, the costlier the insurance gets, so invest early and well.
• You can buy multiple term life insurance policies in case you find out later that the sum assured is not sufficient.

Have more queries? Give us the opportunity to solve them for you. Write to us at support@oneinsure.com or call 86-559-86-559.