In Term Insurance Policy do one get back the amount he paid as premium after the term period?



Say one get a 25 lacs of term life insurance for 20 years of term and paid a single premium of 1 lac or annual premium of Rs 6250 p.a for 20 years .Will he get back that premium 1 Lack or 125000 (6250*20) back or not.after 20 years.

In Term Insurance Policy do one get back the amount he paid as premium after the term period?
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9 Replies to “In Term Insurance Policy do one get back the amount he paid as premium after the term period?”

  1. You won’t get back the money if you are alive. It is a policy for the protection of the family in case you die during the tenure of the policy.


  2. No.Premium paid will not get back. But in pure term plan you get huge risk coverage at very negligible cost.
    Compare premium for same risk cover with other products (endorsement,cash back etc where you get money back).If you put difference of premium in PPF, that term plan+PPF earn more money. So go ahead with term plan without second thought. But select good company.


  3. Hi Avik, Its very true, in India no company pays back premium or any kind of maturity benefits at the end of term in case of survival.
    Although there are other plans like LIC Jeevan Saral which gives you high risk cover with saving, but those does not promise good savings because it gives you bonuses not the interest.

    Hope it helped.


  4. No money will be paid. The single premium one is costlier.

    There are some policies which pay back your premium. These policies are costlier and not worth it.


  5. No. Whole life accumulates money
    Contact Anthony Balsano. Anthony is an independent insurance agent meaning he sells for multiple companies. He can explain difference between term and whole life policies. Call him at 469-500-0096 and he’ll fix you up. Write the information down quickly because Yahoo Answers deletes these posts. Tell Anthony Michael R said to call.


  6. in most of the term plans , you wont get back the premium amount paid.
    birla sunlife is offer this facility in some term plans, but the premium amount is more.(more than double )


  7. There are term products out there that do refund money if you do not pass during the term. It is way more expensive the standard term insurance. You would be better off buying whole life or universal life products they guarantee you have insurance until age 120, build cash value tax defered, and are able to borrow against or surrender it partially if you needs some cash. You never know what life will bring, I can’t count the amount of clients I have that have bought term insurance thinking that in 10 or 20 years they won’t need any life insurance. The time passes and they do and their only option is to get reunderwriten and pay substantially more for more term than they would have for permanent. It’s throwing money down the drain.

    Don’t listen to people who say buy term invest the rest. I have products that have been getting an annual rate of return of almost 6% for the past several years. Not sure if you’ve seen the stock market lately or the awful rate on CDs. Insurance is not an investment it’s protection, but there are a lot of product that have a great saving and liquidity portion.

    Message me for more information I’d be happy to answer any questions you may have.


  8. Contact Anthony Balsano. Anthony is an independent insurance agent meaning he sells for multiple companies. He can explain difference between term and whole life policies. Call him at 469-500-0096 and he’ll fix you up. Write the information down quickly because Yahoo Answers deletes these posts. Tell Anthony Michael R said to call. ?


  9. Contact Anthony Balsano. Anthony is an independent insurance agent meaning he sells for multiple companies. He can explain difference between term and whole life policies. Call him at 469-500-0096 and he’ll fix you up. Write the information down quickly because Yahoo Answers deletes these posts. Tell Anthony Michael R said to call.





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