—Name withheld on requestYou can buy a standard fire and special perils insurance for your business equipment. The last add-on is especially relevant for equipment where cranes are used or materials are being transported using the insured equipment. A return of premium plan is a type of term plan. If the insured survives the policy term, then the aggregate premium paid during the term is paid to the policyholders. If your principle objective is to get a large death benefit, then you should opt for a term insurance with no return of premium.

Source: Mint June 02, 2019 08:48 UTC