New Delhi, Oct. 16 -- Term life insurance protects your family for a fixed number of years. That could be 20, 30 or 40 years. Many people never think about the end date until it is close.

This blog explains what happens when the term ends, what you can do next, and how to plan early.

A term life insurance covers you only for the years you chose. If you are alive when the term ends, the policy stops. Your family can no longer claim a payout.

In a regular plan, no money is returned. You paid for life insurance protection, not savings. Think of it like house rent. You pay and live there, but you never own the house.

Some plans return your premiums at the end. These are called return of premium plans. Their yearly price is much higher.

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