Term Insurance from India or Canada

[knowAndShare]

Hello,

I did some quick search on google but didn't find anything concrete. So raising my questions about Term Insurance here.
In brief 'Term Insurance' is a Life Insurance where for a small premium you get a big cover. In this type of insurance your nominee gets insured amount on your death only and if nothing bad happens to you till maturing of Insured period, then you get nothing. Basically a small annual premium amount to cover you and provide money to your nominee in case of your death.

My questions- Is 'Term Insurance' present in Canada as well? If yes, is it better to buy in India or from Canada?

 

[markarbet]

Of course, Canada has a life insurance (Term Life Insurance). However, I think you are talking about the Accidental Death Insurance. Both insurances have the same benefits. In the case of your death your spouse or child will get the money. Anyway, if you live in Canada and travel from/to Canada it's better to buy insurance from Canadian broker.