The investor receives a two - way benefit — an insurance
cover during the tenure of the policy and an investment return on his money.
Not exact matches
Similarly, a higher
cover means that the insurer will incur heavy losses in case
of your death
during the
policy tenure.
Like LIC Market Plus plans without
cover, investors could move from one fund to another
during the
tenure of their LIC Market Plus 1
policy
It means that the professional indemnity insurance
policy will only
cover the claims that are made
during the
tenure of the
policy.
Also, any financial loss due to a false advice, the negligence, or the faulty analyses will only be
covered if those mistakes were made
during the
tenure of the insurance
policy.
This
cover enables the customer to protect his NCB incase
of single claim
during the
policy tenure with extra conditions like only repair, or only glass damage.
Term
Cover: It refers to the
tenure of a term insurance plan wherein the sum assured is only paid to the nominees if the
policy holder passes away
during the plan
tenure.
Shriram New Shri Raksha Plan is a non linked participating plan which offers double insurance
cover during the
tenure of the
policy.The plan offers protection
during the
policy term, at maturity and also after the completion
of the
policy term to provide comprehensive coverage to the customer and his family.