A sum assured amount is paid to the children in the case of unfortunate demise of
insurer during the term of the plan.
Not exact matches
In the event
of the death
of a parent
during the
term of the child
plan, the
insurer will offer a premium waiver.
Traditionally,
term plans were synonymous with a one - time whole cover amount payment by the
insurer company at the time
of death
of the insured,
during the policy
term.