Sentences with phrase «basic death benefit protection»

Life insurance may provide just basic death benefit protection (i.e. term life insurance) or it may provide a death benefit with an equity value, called a cash value, which is a cash reserve that builds up against the death benefit of the policy to cover the costs associated with paying out the future death benefit claim..

A term life insurance policy provides basic death benefit protection.

Not exact matches

Basic term life conversion option is for someone who has no plans to convert their policy and just wants the inexpensive death benefit protection term offers.

The Basic Term Life Insurance Policy provides death benefit protection for 15 years — and throughout this period of time, the death benefit coverage will remain level.

Term life insurance provides the most basic form of life insurance coverage, as these policies provide death benefit protection, without any cash value or savings build up.

Both term and whole life insurance are basic forms of insurance which provide protection in the form of a death benefit for your beneficiaries.

Life stage protection: The option allows you to increase the basic sum assured at specified events of marriage and childbirth, without any medical tests: Marriage: The life insured can increase the death benefit by 50 % of the original death benefit, subject to a maximum additional amount of Rs. 50 lakhs 1st childbirth: The life insured can increase the death benefit by 25 % of the original death benefit, subject to a maximum additional amount of Rs. 25 lakhs 2nd childbirth: The life insured can increase the death benefit by 25 % of the original death benefit, subject to a maximum additional amount of Rs. 25 lakhs

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 Bendeath due to an accident in which case an additional Basic Sum Assured is paid along with the Death BenDeath Benefit.

There are various options of combining the basic Death Benefit along with riders to increase protection.

On the basis of riders for IDBI Federal Savings Protection and Basic Life Cover like accidental death benefit, critical illness, etc, these plans can be compared.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Basic Life Cover and Kotak Income Protection Plan.