Short term insurance is a short agreement between a company and a policyholder. Policies don’t need to hold for decades under this type of insurance. It includes all types of insurance policies like vehicle insurance, property, business insurance etc.
this is taken only for the period that you have need of it. This also included health insurance as well. It provides protection for some limited period only.
This plan generally has low premiums compared to other insurance plans. Thre are certain situations where you can consider short term instead of long term insurance. So, buy this insurance and reap the benefits.