Under term life insurance plan, the life cover amount in form of sum assured is paid to the beneficiary in the event of unfortunate death of the life insured. (policybazaar.com)
It is a group term life insurance plan for banks, institutions etc.. (policybazaar.com)
Moreover, there are various insurance companies that offer term life insurance plans with adequate coverage for partial and permanent disability under which the regular income of an individual is disrupted. (policybazaar.com)