Buying a term plan online used to be child's play. Now, given
the complicated payout choices on offer, you can go horribly wrong. Most
insurance companies are offering a staggered payout option on
their term plans . Instead of a lump sum
payment
on death, the nominee gets 10% of the insured amount and the balance
is paid in monthly installments over the next 10-15 years. If the
sum assured is Rs 10 million, the nominee will get 10 lac on death and 50,000 taka
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