- 3 DEC 2016
How To Secure Your Family's Future With Term Insurance Plan?
A term plan is insurance in the purest sense, which means that it gives only coverage against the risk of loss of life. In other words, if you, as the policyholder, were to pass away in an untimely manner anytime during the policy term, your family would get a fixed payout. This fixed payout can be received either as a lump sum, or as increasing or equal monthly payouts or as a combination of lump sum and monthly payouts.
With this plan, you have an added benefit, that of staying protected against upto 35 critical illnesses. This plan provides an accelerated critical care coverage. So, for instance, you choose Rs. 50 lacs as the life cover. You have the option to select an accelerated critical illness cover of 10 lacs. So, in the event that you suffer from a critical illness anytime during the policy term, you will receive a lump sum of Rs. 10 lacs. This amount is available to you on diagnosis and you do not have to undergo any period of hospitalisation. After claiming for this critical illness cover, the policy would continue for the rest of the policy term with a Sum Assured of Rs.40 lacs. If anytime during the policy term, you meet with an untimely demise, your family will receive the Sum Assured of Rs.40 lacs. This amount, according to the option chosen by you, can be received by your family either in the form of a lump sum payment, monthly income in equal or increasing amounts, or a combination of the same.
So, this policy serves as income replacement for the time when you are unable to contribute financially to the household owing to either a critical illness or your untimely demise. Generate a quote today and find out what is the best premium-Sum Assured-policy term mix for you in order to secure your financial support and that of your family.
- 5 NOV. 2018
What if Things Don’t Go As Planned?
Any human being doesn’t want to even imagine about his / her death. All of us wants to believe that we are immortals. In Mahabharata, there was a dialogue between Yudhishtira and Yaksha where Yudhishtira answered the questions asked by Yaksha. One of the questions asked by Yaksha was ‘What is the greatest wonder?’. Yudhishtira replied ‘Day after day countless people die. Yet the living wish to live forever. O Lord, what can be a greater wonder?’read more
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