Term Assurance
This is a risk based plan that covers basically death of the Insured within the policy duration
Benefits:
- The policy covers the risk of death only.
- It pays to the beneficiary the sum assured in the event of death of the policy holder during the policy duration.
- There is no survival benefit.
- The frequency of premium payment is either Annual or Single.
Who purchases this cover?
Everyone who is desirous of providing financial protection for his family and loved ones.