Life Insurance
What Is Life Insurance ?
This Life Cover secures your loved ones’ future by paying a lump sum amount in case of an unfortunate event. In some policies, you are paid an amount called Maturity Benefit at the end of the policy term.
What is the feature of life insurance?
Following are Key Features
The primary feature of a life insurance policy is life coverage. This feature provides financial protection to the policyholder’s family in case of their untimely demise. The insurer pays a lump sum amount to the nominee in case of the policyholder’s death during the policy term
Who should buy a life insurance policy?
Couples should each have life insurance in case one passes away so the other can maintain the same quality of life. People with young children are strongly recommended to have life insurance to protect their family
What are the benefits of life insurance?
Benefits Cover
Buying life insurance protects your spouse and children from the potentially devastating financial losses that could result if something happened to you. It provides financial security, helps to pay off debts, helps to pay living expenses, and helps to pay any medical or final expenses.
What is advantage life insurance?
Advantage offers a broad range of variable life insurance and variable annuity policies with and underlying investment options including managed separate accounts, insurance dedicated funds and private placement securities such as hedge funds, private equity, or other alternative investment categories such as
What gets covered by life insurance?
Life insurance can help provide financial support for monthly expenses, debts, education costs and dependent care. Policies often cover both accidental and natural causes of death, but certain exclusions like acts of war, terrorism and hazardous activities might apply.
What is not covered in term life insurance?
The deaths due to homicide, intoxication, man-made calamities, hazardous activities, suicide, and pre-existing health conditions are not covered by term Insurance. Term insurance is an excellent way to ensure the financial wellbeing of your loved ones in case of any eventuality
