A «Term Life Policy» will pay death benefits only, but if you get a «Permanent» Life Policy», there is also the cash value
accumulation along with the death benefits that is also available to the surviving partners and / or heirs.
If, however, you are looking for a policy that will provide various living benefits like the ones previously
mentioned along with a death benefit, then you should consider a Universal Life product that not only provides many living benefits but is also flexible enough to accommodate the financial changes in your lifetime.
In that case, the aggregate of the monthly incomes payable discounted @ 5 % per annum would be payable
along with the death benefit which is 12 times the monthly incomes in the year of death.
To ensure their financial protection Tata AIA offers term plan with return of premium which is TATA AIA Life iRaksha TROP which is an online term plan that ensures the return of premium in case the insured survives the policy
term along with the death benefit.
Rahul's nominee will receive an additional sum assured of Rs 5
Lacs along with the death benefit as the accidental death benefit rider benefit is inbuilt in the plan.
Transamerica offers a very special line of life insurance products that have excellent benefits for the
living along with the death benefits that would be contained in conventional life insurance.
Along with the death benefit and cash elements, the insured has the option to participate in investment vehicles like stocks.
It is a good option for people who want that their life policies to make money for
them along with the death benefit.
Along with the death benefit and maturity benefit the plan provides terminal bonus (if any) and simple reversionary bonus.
Some investment - cum - saving plans are ULIPs, endowment policy and money back plans —
along with death benefits, such plans also provide periodic returns that serve as a financial buffer during a crisis or to finance key life events (marriage, education, etc.)
Along with the death benefits, permanent life insurance policies also include a cash value accumulation component which can be considered as an asset.
Along with a death benefit, policyholders get a fixed contract with no direct investment in the market.
The plan offers superior life protection as it includes death due to an accident in which case an additional Basic Sum Assured is paid
along with the Death Benefit.
Along with the Death Benefit that is paid to the nominee, the policy offers an additional benefit in the form of a Maturity Benefit for policyholders who survive until the end of the policy term.
Additionally, BSLI will refund the premiums collected after the date of accident till the date of death with interest as informed by
them along with death benefit payable.
You are buying coverage for life,
along with a death benefit but with an additional investment component that is — just like the name implies — non-guaranteed.
Any charges recovered subsequent to the date of death shall be paid back to nominee or beneficiary
along with Death Benefit.
With level term life insurance, the policy premiums remain level throughout the entire term of the policy,
along with the death benefits.
If you can afford to pay a higher premium for your entire life, a whole life policy is the one for you as it also brings with it a cash value
along with the death benefits.
In the event of death of the life insured due to an accident, an additional Basic Sum Assured is paid
along with the Death Benefit.
In the case of linked product regulations, Irda clarified when in the event of a death due to suicide within 12 months from the date of inception or revival of the policy, any charges recovered after the date of death would be paid back to the nominee,
along with the death benefit.