Financial Security: Term Plans offers pure life coverage and offer financial security. Decreasing Pay-outs- The life insurance premium calculation also depends upon whether an individual wants to have the extent of coverage decrease year after year, or s/he decides to have a fixed cover for the entire tenure of the policy.
Though a life insurance policy offers you financial cover against multiple scenarios, there are certain situations in which your insurance company can decline your claim.
Term insurance is a pure life insurance product, which provides financial protection in case of death of the life insured during the term of the policy.
A health insurance policy ensures that you can avail cashless treatment at a network hospital without having to pay for them, typically covering 30 days and 60 days pre and post hospitalization, respectively, in most of the Health Insurance plans.
In the course of the financial review our planner (who, by the way, does not receive commissions…or so we’re told, I guess; I have to trust that) suggested we might want to add additional life insurance coverage and he suggested a 100K whole life policy.
If you are looking for a financial product that provides dual benefit of life insurance cover & investment returns under one umbrella, then look no further than a Unit Linked Insurance Plan (ULIP).
Our customers include financial services providers, healthcare providers, and governmental agencies, who trust us with some of their most sensitive information.
It was very first time I was buying health insurance policy online and after filling all the details and submitting the form I immediately received a confirmation call and cleared all my confusions regarding claims.
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