The insurance cover amount is payable to the nominee in case of death of the insured person during the term of the policy. (booninsurance.com)
In case of death of the insured during the tenure of the plan, all future premiums are waived off and the plan continues. (policybazaar.com)
Life insurance is a contract by which an insurance company agrees to pay a sum of cash or stream of payments in the event of the death of an insured person. (pocketsense.com)