The correct answer is C. An individual who needs insurance but has a low budget.
A term plan is a pure life insurance plan that provides coverage for a specified period of time, known as the term. The premium is fixed for the entire term and the benefit is paid out only if the insured dies during the term. Term plans are a good option for people who need life insurance but have a low budget. They are also a good option for people who want to protect their loved ones financially in the event of their death.
Option A is incorrect because a term plan does not provide money at the end of the insurance term. The benefit is only paid out if the insured dies during the term.
Option B is incorrect because a term plan is not a good option for people who have a high budget. There are other types of life insurance plans that offer more features and benefits for people who have a high budget.
Option D is incorrect because a term plan is not an investment product. It is a pure life insurance plan that provides coverage for a specified period of time.