What is Decreasing Term Life Insurance?

Submitted by Rakesh21219 • August 1, 2020 bimakaro.in

There are plenty of options available nowadays for life insurance policies, starting from unit-linked plans, endowment policies to money-back plans and others. Term life insurance is also a form of life insurance which is referred as a pure protection plan with zero risks of investment. And one such term policy is decreasing term life insurance policy wherein the death benefit or the sum assured amount keeps decreasing over the time at a pre-defined rate.