Question

there is no................. element in a term insurance policy

Answer 1

Life is short and one can't tell what future holds.  

To ensure that your family is financially safe even after you die opt for a term insurance.  

Term plan helps you from some uncertainties.  

One of most cost-effective methods by which to mitigate risk term insurance is famous generally because it asks for low premiums though the family of deceased gets the whole amount.

If one survives the policy tenure then term insurance will not provide any maturity/survival benefits.  

Recently, insurance companies have came up with benefit that in case of survivor the company will pay back a limited portion of  total premium paid.

One needs to keep few things in mind before purchasing a term insurance.