Term life insurance is basically just a death benefit which is paid to
your beneficiaries after your demise.
Not exact matches
In case of
demise of the life assured,
after the date of commencement of risk, the sum assured amount + reversionary bonus + final additional bonus is paid to the
beneficiary of the policy.
The
beneficiary will get the complete pension amount accumulated by the policy holder
after the
demise of the subscriber and his companion.
It is designed to be paid
after your
demise to your named
beneficiaries.