Term insurance


‘Term insurance’ is a certain period of time starting from the day that an insurance policy is active and provides coverage until the last day of the coverage.

‘Term insurance’ is a certain period of time starting from the day that an insurance policy is active and provides coverage until the last day of the coverage. The insurance company will issue a casualty insurance policy that the duration of the policy will not exceed one year. The extension of the policy could be done by providing an endorsement, and the extended period may be no more than 90 days. Also, the extended period will be rated as average premium on daily basis.