<ul><li>A ₹5 crore term insurance plan offers significant coverage, ensuring financial protection for loved ones in unforeseen events.</li><li>Advantages include substantial financial security, comprehensive coverage for debts, education, expenses, and tax benefits.</li><li>Riders can enhance coverage, offering support for scenarios like disability, critical illness, or accidental death.</li><li>Flexible payout options allow for lump sum or regular income, with affordable premiums making it accessible.</li><li>Considerations before purchasing include assessing financial needs, evaluating existing assets, age, health, and plan comparisons.</li><li>Limitations include the potential for overinsurance, premium costs, and no maturity benefits unless specified.</li><li>Careful consideration is advised before purchasing a ₹5 crore term insurance plan to align with personal and financial goals.</li><li>Consulting a financial advisor or insurance professional is recommended before finalizing any term insurance policy.</li></ul>

Is a 5 Crore Term Insurance Plan Right for You? Pros and Cons

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