Some points on pros and cons of term plan with return of premium are as follows. Also check out the major advantages and disadvantages to know more about life insurance.
Pros of term plan with return of premium
1. Term plan comes with multiple premium payment options
2. The premium will be refunded if insured person survived during policy tenure.
3. Additional riders provide ensured security.
Cons of term plan with return of premium
1. No interest will be added to the maturity benefits in this type of policy