Term life insurance covers the insured person's life for a defined period and generally pays a death benefit if death occurs during that period under the policy terms. Traditional pure term cover normally has no maturity benefit. Some products add return-of-premium features, which change the cost and structure.
A Nepalese parent may choose a term matching the years children depend on family income or the remaining term of a loan. Compare exclusions, renewal conditions, and the sum insured rather than price alone. Availability and product features vary, so check the actual issued contract instead of assuming all term products are identical.