For your family
Comprehensive coverage with Return of Premium option that will help your family financially if something happens to you.Check Premium
Term insurance plan is a life insurance plan which covers your family from the risk of your early death. A standard term insurance plan only covers your life for a limited period of up to a certain age. If you survive the tenure of the term cover, a standard policy will simply expire.
The role of a term insurance cover is to protect the financial status of your dependents in case of your early demise. In the event of an unfortunate death, the term life insurance cover will provide a large sum of money to the beneficiaries so that they can:
Canara HSBC Oriental Bank of Commerce Life insurance offers online Term insurance plans which helps to secure your family financially in your absence.
iSelect Star Term Plan is online term insurance plan that provides enhanced protection options. It covers everything ranging from protection against sudden death to disability to secure a regular income for your family.
iSelect Star Term Plan offers multiple options like whole life coverage, multiple premium payment options including short tenure like 5 or 10 years as well as option to pay during your working years i.e. till you get 60 years old. It also offers an option to avail return of premium benefit wherein all your premiums will be returned once you outlive the term insurance policy tenure. You can buy this term plan online and here are some other reasons to choose iSelect Star Term Plan.
There are different types of term insurance plans that you can consider buying. Here’s a list of term insurance plans to choose from that may help you to secure the dreams and aspirations of your loved ones. A term insurance policy allows you to choose any of the following term insurance cover options:
A standard term insurance plan is where you pay a fixed sum regularly for a specific amount of life cover until your retirement age.
For example, if you buy a Rs. 1 crore term insurance plan for 30 years at the age of 30, you may need to pay about Rs. 10,000 per year as premium.
You will pay the same premium regularly for the next 30 years and your cover amount will also remain the same throughout the term insurance policy tenure.
Once you complete the 30-year tenure the term insurance plan will simply expire.
This term insurance policy is the same as the standard term insurance plan, except that it returns all your premiums at expiry. Thus, whatever premiums you have paid through the tenure of the cover, the insurer will return it to you upon expiry.
For example, you have a 30-year smart term plan with a cover of Rs. 1 Crore that offers return of premium option. You will pay an annual premium of Rs. 20,000 for the next 30 years for the cover.
If you are 30 years old right now, by the time you touch 59 you would have paid Rs. 6 lakhs as premiums for the cover. If you survive till retirement, which is at 60, the term insurance plan will expire and the insurer will return Rs. 6 lakhs to you.
Read more about return of premium.
Whole life term plan allows you to use your term cover as a tool of wealth transfer to the next generation. The unique feature of the whole life plan is that the cover continues till the age of 99. Thus, benefit payout from this term life insurance plan is almost certain.
The best of whole life term plans allow you to limit your premium payment term till the age of 60. This will allow you to keep your pension from the burden of term insurance cover. With iSelect Star Term Plan this option is called ‘pay till 60’ option. Consider these features while looking for term life insurance policies, to buy the smart term plan available.
For example, you purchase a Rs 1 crore term insurance plan under whole life and choose “pay till 60 option”. The term insurance plan will cover your family in case of your early demise during your working years, like the standard term insurance plan. After retirement, the plan will pay the benefit even in case of natural death.
However, if you survive the term of the policy; i.e., you attain the age of 99, the policy pays the entire sum assured to you.
Read more about whole life insurance.
An increasing term life insurance plan is similar to the standard term plan with one unique difference. The sum assured keeps growing every year by a fixed percentage of the base sum assured.
For example, assume that you buy an increasing term cover with Rs. 1 crore base sum assured. The life cover will grow at a rate of 5% per year. In the second year, your total life cover will be Rs. 1.05 crore, in the third it will be Rs. 1.1 crore and so on.
The growth only stops in the following three cases:
This term insurance plan is very useful if you want your term insurance cover to keep up with the growth in your financial needs.
This term insurance plan allows you to add your spouse under the same term insurance plan. This addition is also applicable to a homemaker spouse.
The biggest advantage of buying the best term plan – jointly, is that the surviving spouse may not need to pay the premiums to continue his or her life cover after a claim. If you are looking for a smart term plan that covers you and your partner, then iSelect Star Term Plan is your go-to option as it allows you to add your spouse to the same policy.
Another aspect is that you can manage a single policy far easily.
You can select any of these plan options while searching for the best term insurance plan.
The pandemic has been a real eye-opener for a lot of people who never thought of insuring themselves and their loved ones. The best term insurance plans in India offer life cover along with providing terminal illness cover. Be protected by buying the best term insurance plan to cover you and your family members during the pandemic. It is never too late to cushion your financial interests with a term insurance plan. The policyholder can enquire about the COVID-19 term insurance plans. If you are a new policyholder, then you may be asked to disclose this information to your insurer. If you plan to buy a new term insurance policy, bear in mind that it depends on your health condition and medical history. So, the insurance company will want a detailed medical history to deem you eligible for a term insurance plan.
According to Section 80C, term insurance plan allows you to claim approximately 1.5 lakh each financial year for the term insurance premium you paid for yourself, your family, spouse, and children. iSelect Star Term Plan gives you access to claim such benefits each year by paying the minimum premium for the term insurance policy. Looking at the tax benefits in legal terms, under Section 10(10D) any sum received at maturity of a Life Insurance Policy, is exempted from tax. This exemption however, is not applicable to: the amount received Section 80DDA(3) or 80DD(3), maturity benefits received under a Keyman Insurance Policy, sum received under any insurance policy issued on or after April 1, 2003, during the term of which the premium paid is more than 20 percent of the sum assured.
Term Insurance provides can help your loved ones stay financially secured in case of your untimely death.
Term life insurance plan offers additional payouts in case of critical illness like kidney failure, heart attack, cancer, etc. Term life insurance policies offer different riders that you can add to your plan as per your financial requirements and goals. Before buying the best term insurance policy, check whether the plan offers protection against terminal or critical illnesses.
The term of the policy is the time period for which you want to offer financial protection to your family in case of an unfortunate event. Therefore, the duration of your term insurance plan should depend upon the time when you see yourself fulfilling all your financial goals. It is not necessary to opt for the maximum duration available. Besides, here’re the following factors that you need to consider while deciding on the duration of a term insurance policy
Your financial liabilities – Your financial liabilities will help you decide the term of the policy. For instance, if an individual has a loan of 10 years, then the duration of the term insurance policy needs to be 10 years.
Dependents in your family – Considering how long your loved ones will be financially dependent on you will help you deciding on the term of your policy. Term life insurance policies help your dependants pay for their lifestyle expenses in your absence. For instance, if you are the sole breadwinner of the family, then buying a term policy for long duration would be helpful.
Large one-time expense – It is the maximum one-time expense that can arise in future. Your family’s financial status also plays an important role in deciding the term of the policy. For example, if your child’s age is 10 years and you buy a term insurance to provide coverage till your child’s marriage or higher education, then the duration of your term insurance policy could be 20-25 years.
Your age – This is yet another factor to reckon with while deciding on the duration of the term insurance policy. For instance, your current age is 30 years and you opt for a 10-year plan, your term insurance plan will expire when you will turn 40. There are less chances that you will need coverage before this age. Moreover, if you even consider to buy an online term plan at this point of time, then it will cost you a lot. Therefore, it is advisable to buy the best term insurance plan at a younger age but for a longer duration.
Buying a smart term plan with adequate cover can prove beneficial for you and your family over long-term horizon. As we grow, our needs and liabilities also change. With the best term insurance plans, you can increase the cover for catering your financial needs as per the changing life stages.
Buying an online term plan is now just a click away. It is an easy, simple and hassle-free process. Moreover, it hardly takes 30 seconds to complete the whole process. Here’s a step-by-step guide that will help you buy term insurance plan online:
Yes. It is completely safe to buy a term insurance plan online in India. If you are buying a term plan online, you can simply visit the insurance company’s website to select a term insurance plan and make the payment. Canara HSBC Oriental Bank of Commerce Life Insurance has a wide variety of online term insurance plans you can choose from. We ensure that your personal and financial details are protected.
Beware of fraudsters who may send you phishing emails that may contain suspicious links. Your financial details may be compromised as the scammers may commit fraud on your bank account. Check for the URL of the website where you are supposed to enter your personal and financial details for “https”. Do not provide any details if the URL contain “http”. Buy a term insurance plan online from reliable life insurance companies to stay protected.
If your family relies on you for financial needs, you need to buy the best term insurance plan more than anything. You don’t know what the future holds. You can’t stop the rain from falling, but you can take an umbrella to save you and your family from the storm. A term insurance plan is your umbrella against the sudden financial storms.
You may have an ongoing loan on house, vehicle, or any of your property. If something happens to you, the loan repayment burden will fall on your family. With a term insurance plan’s payout, your family will be able to repay your loans and save your property as well. Buy a term insurance so that your family can pay off the debts if something happens to you.
Critical illness like cancer, heart attack, kidney failure can take place at any moment. If something similar happens to you, your family may suffer emotionally and financially. The best term insurance plan keeps your family safe from financial drain out so that they get enough time to recover. Buy a term policy that offers critical or terminal illness cover to stay protected.
Insurance experts recommend buying term insurance plans covering 15-20 times of your total annual income. For example, if your yearly salary is Rs. 8 lakh, term insurance plan must include a minimum Rs. 1 crore life insurance. Buy a term insurance plan while considering these factors while calculating term insurance plan coverage you need.
Individuals in the younger age bracket are generally of the view that one can pay the premium for a long time with less chances of illness in order to keep the premium rate low. While those in the older age bracket are more susceptible to diseases but a lesser capacity to pay and thus they have to pay higher premiums. Buy a smart term plan that offers appropriate riders to enhance your current plan.
Each family has its lifestyle and expenses. The amount needed to cover those regular expenses will vary from family to family. You don't want your family's lifestyle to suffer if something happens to you. Hence, you must consider the current cost of the family to make sure you buy a term insurance plan with the right sum assured.
Your child’s future depends on the way you have planned and saved for it. The best term insurance plan allows you to protect your child’s future even if you are not around. You don't want your children's education to be interrupted due to financial problems. Calculate sum assured that covers children's education and buy the right term insurance plan.
Financial issues may impact the way you have dreamt of your child’s marriage. If you are concerned about your children's wedding and want them to have it the best - no matter whether you are there or not - must consider it while calculating sum assured. The best term life insurance plan helps you to at your every life stage – no matter what.
At last, you should calculate your ability to pay the premium. Premium amount must be more comfortable to pay so that you won't think of not continuing with your term policy. Also, ensure to choose the right premium payment mode as per your finances. A term insurance plan offers multiple premium payment options that you can choose from.
The claim settlement ratio includes the total number of claims the insurance company covers out of the claims filed when the insured individual dies. For example, if the insurance company has an 80 percent claim ratio, it means the insurer pays 80 out of every 100 claims filed.
The solvency ratio indicates the capability of the insurer to meet its debt obligations, which includes cases where the insurer has to pay the insurance cover to the beneficiary in case of death of the policyholder. It should be at least 1.5. Buy term insurance policy from life insurers who have a good solvency ratio.
In order to know more about the company, one can enquire existing customers about their experience with us. Another way is to check online reviews and ratings of the company. Ensure that the customer experience is excellent to avoid any issues during the ongoing term insurance policy period.
While choosing the insurance company, see the benefits they offer or enquire about it. Some of the most common benefits you must look out for when choosing the best term insurance plan are regular income payout option, critical illnesses cover, accidental death benefit, and premium waiver in case of disability.
Comprehensive coverage with Return of Premium option that will help your family financially if something happens to you.Check Premium
Add your spouse to the same term insurance cover and manage a single policy. Enjoy a worry-free life with our term plan.Check Premium
It is important that you weigh the pros and cons of buying the best term insurance plan. Understanding the advantages and disadvantages of a term life insurance plan help you make an informed decision.
|Pros of a Term Insurance Plan||Cons of a Term Insurance Plan|
|It is one of the simplest forms of life insurance policy. So, you can easily understand the functioning of a term insurance plan.||No maturity benefit is available in a term policy. The nominee will receive death benefits when the policyholder passes away.|
|Premiums of term life insurance plans are generally affordable. It is a budget-friendly financial instrument that is a “must-add” in your financial plan.||As you age, the premiums of the term life insurance policy also increases. Because you are more susceptible to lifestyle diseases.|
|As you age, the premiums of the term life insurance policy also increases. Because you are more susceptible to lifestyle diseases. under Section 80C. The death benefit received by the nominee in a term plan is also tax-free under Section 80D.||If the policyholder outlives the policy term, then no maturity benefit is offered to them. However, if opted for Return of Premium, the policyholder can get all the premiums back.|
|You can increase the Sum Assured as per your changing lifestyle and milestones.||Term life insurance application can be rejected by the insurer if the policyholder has a significant health issue while applying for the term plan.|
Step 1: Calculate your term insurance cover need and decide premium payment mode
If you are buying an online term plan, the process starts with your contact details and personal details. Your personal details give a clear idea about your maximum life cover eligibility. After the cover amount, you need to choose the policy tenure and premium payment tenure for the policy.
You can calculate your term insurance premium using a calculator to see a tentative figure for the amount you will pay. If you are salaried you can select a monthly mode of premium payment.
You should pay special attention to the e-mail ID you provide, as this will be used for all communications regarding the term insurance policy by the insurer. So, make sure that you regularly access the email you provide for receiving updates on your term policy.
Step 2:Provide Additional Details
The second step considers your occupation, location and education details. These details help determine your maximum cover eligibility.
Some of these factors like state of residence and occupation can influence your premium for the life cover.
Step 3:Customize Your Term Insurance Plan
Once you have decided on the amount and tenure of the cover, it’s time to add more benefits and decide the pay-out options.
You can add the following add-on benefits to your basic term cover when you buy a term insurance plan:
Apart from the additional benefits, you can also decide the following:
You can divide your base life cover into two parts where one is paid as a lump sum and the other is converted to a monthly income. You can also opt to grow this income at a fixed percentage every year.
Adding the spouse doesn’t mean that they have to be an earning member. You can also add a homemaker spouse to your life cover. However, if the spouse is a homemaker the life cover will be limited to Rs. 25 lakhs.
Step 4: Pay the premium and or complete the Proposal Form
Once you have decided on the benefits and premium amount of the term insurance cover, you can review your choices and benefit amounts. After reviewing your plan details you can complete the proposal form and pay the term insurance premium.
You can use your credit or debit card, net banking, UPI or a Wallet account for online premium payment. Don’t forget to opt for auto-debit option, so that your term policy can continue even if you forget about making the premium payment later.
The proposal form contains more detailed questionnaire about personal, professional, lifestyle and medical history. Along with the proposal form you will need to submit supporting documents as well which will include the following (but not limited to):
Step 5: Go through the Medical check-up
After the insurer has accepted your premium and proposal form, based on the details provided, you may have to go through either of the following:
However, if you are eligible for a term insurance plan without medical you can simply move to the next step.
If you need to undergo a medical check-up physically, you will be assigned a date and place for the insurer’s health check-up requirements. Health check-up is an important step as it ensures that your health status is understood by the insurer and there is no risk of an early demise.
Step 6: Revised premium or sum assured
In case, you have a health condition, occupation or hobbies which may increase the risk of your early death, the insurer may offer any of the following choices:
In any case, you should get a term cover even with the extra premium, as the premium increase will be minuscule compared to the benefits.
Step 7: Receive the term insurance policy document and get any mistakes corrected
After the medical check-up and paying the balance premium after revision (if applicable) the insurer will dispatch the policy document to you. In the case of the online application, the policy documents are sent online to your registered e-mail ID.
You should check yours and your nominee’s personal details like name, contact number, date of birth and address on the documents. Ensure that these match the details on the legal documents so that you don’t face any challenges in managing the term insurance policy.
Low risk of death when young, allows insurers to offer lower premium rates to policyholders.
Insurers don’t discriminate on the basis of gender, but life expectancy cannot be ignored. Women tend to live longer than men, hence low risk, which allows insurer to offer lower premium rates to women.
Not all professions are the same. While working, a miner is exposed to more risks than a software engineer. The risk perception reflects into the amount of the term insurance premium.
A term insurance plan is a promise to pay your family in the case of an unfortunate incident. A longer policy term means the insurer will be covering the risk for a prolonged period.
Some diseases are known to recur. If you have suffered from a chronic illness in the past, it may resurface in the future and that affects your term insurance premium. Considering the risk, the premium for people with a history of certain illnesses is higher.
Smoking increases the risk of lung-related diseases. Similarly, consumption of alcohol is harmful to the liver. If you are a smoker or drink alcohol, you will have to shell out more for your term insurance plan.
There is no certainty on when an irregular pulse rate or high cholesterol turns into a serious illness. Insurers ascertain your personal health before issuing a term insurance policy. The level of fitness decides the premium.
A high level of blood sugar can have an adverse effect on your heart and kidneys. The premiums for diabetic people are higher as they are more susceptible to cardiovascular and kidney diseases.
When you're young, you're more likely to find cheaper premium insurance because your mortality risk is minimal. You may also have additional debts, liabilities, and financial obligations later in life. As a result, it is preferable to purchase a term insurance policy when you are young, preferably in your twenties.
As soon as you start your first job, you should purchase term life insurance plan. Premiums increase as you get older. As a result, the sooner you buy - the better. As you become older, you get closer to your life expectancy, which increases your insurance costs.
It is said that human needs change with age. A laptop may not be as crucial for a retiree as it is for a student. However, certain things are an exception to the rule, like a Term Insurance Plan.
A term life insurance plan is equally important for people of all age groups, though the purpose may change with age. A college-going student may need the best term insurance plan for a reason completely different from a married individual. The right question would be, who should buy a term insurance plan and why?
A term insurance plan is meant to provide your family with a financial buffer in your absence or in case you are diagnosed with a terminal illness.
Consider a hypothetical situation. Rohan, a management executive, loses his life in an unfortunate accident. He had prepared for the eventuality and bought an online term plan with a cover of ₹50 lakh nine years before his death. His spouse, however, gets the shock of her life, when the insurance company rejects her claim. If your claim is rejected, would it not defeat the purpose of buying a term insurance plan?
To protect your family from financial and emotional strain, take into account the claim settlement ratio before investing. The claim settlement ratio is the proportion of claims accepted versus the total number of claims filed in a year. With a claim settlement ratio of 97.1%*, you can rest assured that Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited will not let your loved ones down.
*Individual death claims settled and reported in public disclosure for FY 2019-20.
Term insurance is a formal agreement between the insurer and the policyholder. But financial instruments are fraught with risks.
What if the insurer fails to pay your loved ones in your absence? The situation can be avoided by ensuring the financial stability of the insurance company. The credit rating provides information about the financial strength of the insurer. It tells if the insurer will be able to pay the claims of the policyholders or not.
Credit ratings are provided by independent agencies after analysing the financial metrics of the insurer. Credit ratings are symbolised by the name of the agency followed by alphabets like ‘A’, ‘B’ or ‘AAA’.
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited has the highest level of rating—CARE AAA . It simply means that the impact of an adverse external environment will be minimal on the claims-paying ability of the company.
When this year I had a monetary problem in the family I had to withdraw part payment, the customer service team told me it will take 7 days but it only took 3 days. This made me really happy that I took this policy.
Promise is all about faith. My family has faith in me. Similarly, I have faith that Canara HSBC Oriental Bank of Commerce Life Insurance will help me protect my family even in my absence.
A promise is a thing of faith. With Canara HSBC Oriental Bank of Commerce Life Insurance, we are confident that we will be able to keep our promises to each other.
With Canara HSBC Oriental Bank of Commerce Life Insurance, I will not only meet the financial requirements for my daughter’s wedding but also for various other life goals.
A promise has to be fulfilled. We had promised our son to send him abroad for education. We sent him there and fulfilled our promise. He also returned to India after completing his education as he had promised. Canara HSBC Oriental Bank of Commerce Life Insurance helped us fulfill our promise with Child Future Plan.
The customer service staff always gives a quick response. Usually, we get a personal message within 5-10 minutes of the query. Also, Canara HSBC Oriental Bank of Commerce Life Insurance has done systematic management of investments, which helps our money to grow.
Keeping my promises is a priority for me. Canara HSBC Oriental Bank of Commerce Life Insurance has ensured that my second innings will be as beautiful as my first.
A policyholder is a person buying the policy. In other words, the policyholder fills the proposal form of the insurance plan and applies for the insurance cover. The policyholder is also responsible for paying premiums of the cover.
For example, if a father buys a term life insurance policy covering all the family members, the father is the policyholder while the family members are the beneficiaries.
The person whose risk the policy covers is called the Life Assured. For e.g. when a son buys a life insurance policy for his father, the son is the policyholder whereas the father is the Life Assured.
Sum assured is the guaranteed benefit amount in case the covered risk or risks materialise. For example, in a term insurance policy, the covered risk is the death of the insured. If insured dies within the policy term, the policy is liable to pay at least the sum assured.
If you buy a term insurance policy of Rs. 1 crore. Rs. 1 crore is the sum assured of the policy.
Policy term refers to the duration for which a policy remains in force. For example, if you buy a term plan online at the age of 30 and wish to continue the same till you reach 60, your policy term has to be 30 years.
Usually, you are supposed to pay a regular annual premium for any insurance policy until the claim or expiry. For example, if your policy term is 30 years you need to pay 30 annual premiums. Thus your premium payment term will be 30 years or equal to the policy term.
However, your premium payment term or PPT can be shorter than the policy term. With a shorter PPT, you can pay the premiums of the entire 30-year term cover within five years.
Terminal illnesses are those diseases which are life-threatening due to their unpredictable and rapid growth nature. Few examples of such diseases are cancer, heart failure, renal failure, etc.
Surrender Value, also known as cash surrender value, is the amount of money that the policyholder receive if they decide to surrender or terminate their life insurance policy before the maturity date or before the policyholder passes away.
Maturity claim is a claim procedure that the life insured is entitled to claim the maturity benefits of the life insurance policy or term life insurance policy if all the premiums have been duly paid.
It is the age when the policyholder becomes eligible to receive the benefits as defined under the life insurance policy they have bought.
The policyholder can choose the frequency of receiving the Sum Assured at maturity of the term insurance policy, or any other life insurance policy. Usually, policyholders are given the option to choose from (i) Lump Sum (ii) Monthly, and (iii) Part Lump Sum and Part Monthly.
A free look period is the buffer time given to the policyholder within which they can cancel their term life insurance policy, or any other life insurance policy without any penalties.
Know more about Free Look Period.
A nominee is registered by the policyholder while buying a life insurance policy. In case, the policyholder passes away, the nominee or the beneficiary receives the benefits of the policy.
Know all about a nominee.
A rider is an add-on that can be opted by the policyholder to enhance the term life insurance plan. Riders provide additional coverage options like Accidental Death Benefit, Child Support Benefit, Waiver of Premium, Accidental Total and Permanent Disability Benefit.
It is a rider that waives the premium payments when the policyholder becomes critically ill, injured or disabled.
A person can only purchase a term insurance plan till the age of 65 years, and they can choose the risk coverage for up to 99 years of age. One can easily buy the best online term plan between the age of 18 to 65 years.
Under Life with Return of Premium and Life Plus option of iSelect Star Term Plan, total premiums paid are returned at the end of the policy term as maturity benefit.
Each insurance company has its own term insurance premium calculator. If you want to check out the premium quote, go for the iSelect Star Term Plan calculator. It gives a premium amount based on your age, gender, habits, education, and annual income.
You can purchase an iSelect Star Term plan anytime between 18 to 65 years of age subject to other terms and conditions of the plan. This is a term plan with return of premium option – that means all the premiums paid throughout the tenure will be paid back to you if you outlive the policy.
It depends on your needs. For example, if you want to cover a child's education or wedding expenses, you have to include them in your coverage. Your premium will be calculated accordingly when you buy the best term plan in India.
If your key purpose is to give your Family financial protection, go for the best term insurance plan. And if you want some savings, in the end, go for a traditional life insurance plan. iSelect Star is a term plan with return of premium option. All the term insurance premium will be paid back to you, if you outlive the policy term.
Go for at least 12 times cover than your annual income. Or you can go as far as 20 times coverage as per your needs.
The right time is when you don't have anything to keep your Family safe from financial storms, and they rely on you for financial needs.
Yes, most term plans offer additional cover in case death occurs due to accidental death or in case of accidental disability. iSelect Star Term Plan offers this through its Accidental Death Benefit and Accidental Total and Permanent Disability coverages.
Term life insurance plan riders are attachment or endorsements made, while taking the term insurance policy, as a supplementary coverage to policyholders. Apart from the core death benefit, term insurance plan riders offer below-given additional benefits:
Anyone can go for life insurance as it offers some savings after the maturity date, but it doesn't cover the protection of your family . The best term insurance plan is solely designed for taking care of loved ones if something happens to you. Term insurance plans act as a shield between your family and sudden financial fall. They make sure that your family lives a healthy life even after you. With a little amount paid per year, you can be worry-free from the family's financial conditions.