Family care benefit — with sum assured being paid in case of demise of the insured person to the nominee. (easypolicy.com)
In life insurance policy one need pay premiums every year which in return is paid back in large lump - sum amount in case of demise of the insured person. (policybazaar.com)
Under this plan, a lump - sum amount is paid to the beneficiary of the policy, in case of demise of the insured person. (policybazaar.com)