Sentences with phrase «provides pure risk»

This insurance provides pure risk cover, and hence an assured amount of money is paid to the beneficiaries if the policy holder dies before the term of the policy is exhausted.

An online term insurance provides pure risk cover, with relatively low premiums.

Online term insurance plans provide pure risk cover, which explains the lower premiums.

Pure life cover: Products that provide pure risk cover would generally include a pure term plan.

Not exact matches

This is because term insurance, being pure risk protection, provides life cover based on the level of risk of mortality associated with the policyholder and doesn't provide money back or returns.

If «legacy» is your primary goal, then a specific annuity strategy could work well within your IRA, by providing contractual guarantees along with a pure «transfer of risk.»

This is a pure «transfer of risk» strategy that will provide a lifetime income stream for you, or for you and your spouse.

A pure risk plan which provides benefits only if the insured dies during the chosen term of the plan.

Kotak Term Plan is categorized as a pure risk cover plan that provides policyholders with an economical way to provide life coverage and financial protection.

Since this is a pure risk cover and no money is kept aside for investment component, term insurance policies provide a high amount of cover at very low premiums.

This is the reason term insurance is also known as a «pure risk» plan — simply because it mitigates the risk of you not being there to provide financial support to your family.

To fulfill the IRC definition of life insurance, life insurance contracts must provide for a sufficient «amount at risk» — the pure death benefit protection that a beneficiary would receive upon the death of the insured.

Term Insurance policy is a pure protection plan which provides cover against risk of life.