By Vansh Agarwal

For high-net-worth individuals ( HNIs ), term insurance is not just about income replacement. It is about ensuring financial continuity and protecting a lifestyle that has taken years to build.

Many insurers now offer a Return of Premium (ROP) option, under which all premiums paid are refunded at the end of the policy term if no claim is made. This addresses the long-standing concern among affluent customers who prefer not to see premiums as a sunk cost.

A term plan offers immediate, tax-free liquidity, allowing families to meet short-term needs without distress sales. The right sum assured should not be seen as a number on a policy document. It should represent your earnings, liabilities, aspirations, and the standard of living your family maintains.

New-age advanta

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