Sentences with phrase «paying pure protection»

LIC Term Plan - Anmol Jeevan (T - 822) is a regular premium paying pure protection plan.

LIC Term Plan - Amulya Jeevan (T - 823) is a regular premium paying pure protection plan.

Not exact matches

Because of this, term life insurance is also known as «pure life insurance»: Its only purpose is to insure individuals against the loss of life, and all premiums paid are used to cover the cost of insurance protection.

With most level term life plans, you pay for pure insurance protection only thereby saving thousands of dollars over more costly whole life or universal life alternatives.

The truth is that a term plan is a pure insurance product that provides financial protection to your family which pays the family when the insured's eventuality, such as death or critical illness, occurs.

It is also known as a pure protection life insurance product, so it's straight to the chase, you pay a fixed monthly premium for an exchange, the company will pay out a large sum to your beneficiaries in the event of death.

You pay for pure death benefit protection for a certain period, without cash value accumulation.

Especially when it is a pure protection plan like TERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a policy.

In the pure protection plan, if the insured dies within the policy period, the death benefit is paid to the nominee and the policy terminates.

Term life is «pure protection», which means you only pay for the insurance, there is no investment feature, no cash value in your policy, and no loans available.

A term insurance plan is a pure protection cover that pays your family a lump sum amount equal to the sum assured, in case of your unfortunate death during the policy term.

A Term plan is a pure protection life insurance plan: In case of death of the Life Assured during the policy duration, the guaranteed insurance coverage amount (Sum Assured) is paid to the nominee.

If you are looking for a pure protection plan along with return of premiums paid in the event you survive the term Aegon Life iReturn plan is best suited to you.

A term plan is a pure protection plan with death benefits only and no maturity benefits, while a term plan with ROP provides life cover where all the premiums paid are refunded as maturity benefit, if the life assured survives maturity.