In case of an unfortunate demise of life assured the nominee or the legal heir will receive 10 % of sum assured every year for a duration of 10 years. (coverfox.com)
In case of unfortunate demise of life assured during the policy term, the sum assured amount is paid to the nominee immediately and the policy ends. (exidelife.in)
Term plans help to ensure ones family's financial independence in the event of unfortunate demise of the earning member or bread - winner of the family. (relakhs.com)