Would you be interested in an insurance plan that offers to return all your premiums paid over the years? That’s exactly what a zero-cost term insurance plan does. Insurance companies such as Max Life, HDFC Life, Bajaj Life and ICICI Prudential Life offer ‘zero-cost’ term insurance plans in which policyholders can foreclose the policy if they so wish and get all premiums refunded or continue the plan till maturity without any cashback benefit. But, does it make sense for you to buy zero-cost term insurance?
Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.