To add to the other answers, if term limits are regarded as an additional check on the power of a prime minister, it may be relevant to point out that parliamentary systems have a check that presidential systems don't: that the PM needs to retain the support of their party, and if they fail to do so, they can be removed very swiftly.1
This assumes that the continuity and principles of the party are valued more than any particular leader. Clearly, any party that is created by, and coalesces around, a specific person is less likely to remove that person as leader.
Incidentally, countries with Westminster systems of government have two other, lesser used, ways of removing a PM: impeachment (last attempted, unsuccessfully, in the UK in 1848), and dismissal by the monarch or her representative (most recently, in Australia in 1975).
(1) 4 of the last 6 Australian PMs have been removed in this way - and all in the last 8 years.