Having paid the insurance premium, the insurance company will pay for damages in case of eventuality in line with the specific insurance policy. (myfinancekits.com)
Policy continuance Benefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary. (policybazaar.com)
Unlike term plans which pay out the sum assured, along with profits, only in case of an eventuality over the policy term, endowment planspay out the sum assured under both scenarios — death and survival. (hdfclife.com)