Guwahati, Nov. 11 -- Choosing a term insurance plan can be confusing. Some plans provide the same life cover throughout the policy term, while others increase or reduce the cover over time. There are also plans that return the premiums paid or let you plan later.

That's why it helps to know the different types of term insurance as the right plan depends on your needs, budget and future goals.

Every term insurance plan works a little differently. Before choosing one, it helps to know what each type of term insurance plan offers. Here are the main options and their benefits:

Level term insurance is one of the most common types of term plans in India where he sum assured stays the same throughout the policy term, along with the premium. ...