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