Sentences with phrase «pure insurance plan»
A "pure insurance plan" refers to a type of insurance that provides coverage only for specific risks or incidents, without any additional savings or investment features. It is designed to protect you financially in case of particular events, such as accidents, theft, or illness, without building up a cash value over time. Full definition
Term plans are known as pure insurance plan and has no investment part which pays money back only after death.
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It is a type of pure insurance plan where the beneficiary will get the benefit only in case of death of the policy holder during the policy term.
Endowment plans are not pure insurance plans.
A pure insurance plan without any savings component as otherwise offered in -LSB-...]
Canara HSBC eSmart Term Plan is a pure insurance plan that can be bought online.
It is advisable to endure for a pure insurance plan in case the primary need is to avail protection.
Term Plan is a pure insurance plan which has high insurance cover and comparatively low premiums.
This is a pure insurance plan with no survival benefits.
The range of products they are offering can be categorize under two major heads i.e. Term or pure insurance plans and plans with investment opportunities.
It is a pure insurance plan with no investment component.
It is pure insurance plan.
For people seeking pure insurance product, LIC has introduced the pure insurance plan called Amulya Jeevan II.
Since Amulya Jeevan II is a pure insurance plan, the plan only offers death cover or death benefits which means that if the policyholder meets with death at any time during which the policy is in force then LIC will give to the nominee (s) of the policy holder's Amulya Jeevan II policy the sum assured on death amount.
Term Life Insurance Plans are cheaper as compared to other life insurance plans because such plans only intend to provide a death benefit and are pure insurance plans.