Life Insurance is a financial contract between you and an insurance company, where the insurer promises to pay a specified sum of money to your beneficiary in the event of your demise during the policy term. It serves as a financial safety net, ensuring that your loved ones are financially secure even in your absence. Life insurance can also include savings or investment components, depending on the type of policy.When you buy life insurance online, you can easily refer to the plans’ features, benefits, exclusions, and the policy brochure online on a single platform. Online insurance plans are also affordable since many overhead costs are eliminated.
Your family needs to be protected from uncertain situations and emergencies in your absence. By purchasing a life insurance policy online, you ensure that there are no hassles or delays when it comes to providing financial security to them.Online plans are convenient as the purchase is simply available at your fingertips. You can choose to buy an insurance plan from the comfort of your home or even while travelling if you want to.
The policy term and the premium payment term you choose for your life insurance plan will determine your premium amount. You can decide between the available premium payment options such as yearly, half yearly, quarterly, and monthly mode basis the plan feature.A pure protection plan offering high coverage at low premiums. It pays the sum assured to the beneficiary in case of the policyholder’s demise during the term but does not provide maturity benefits.Life Insurance Riders are optional add-ons that enhance your basic life insurance policy by providing additional benefits for specific circumstances. These riders allow you to customise your plan to better suit your needs, offering comprehensive coverage at an extra premium.
Life insurance is a contract between a policyholder and an insurance company. When you have a life insurance plan, you pay your insurance company a fixed premium regularly to keep the plan active. If something happens to you and you're no longer around, your insurer will give a large sum of money to your family or a chosen nominee. This helps them manage daily expenses and stay financially secure during a difficult time. Term insurance is the most basic and affordable type of life insurance. It offers pure financial protection with no savings or returns. It’s a straightforward way to make sure your loved ones are financially protected.
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