Sentences with phrase «pure risk cover policies»

Term plans are pure risk cover policies that offer higher death benefits.

Not exact matches

There are two types of life insurance policies, one which offers insurance and also an opportunity of building corpus (return on investment), and other pure risk cover - only insurance.

If you survive in the policy term period, then you will get nothing or can get your premium back which basically varies from insurer to insurer.If you are planning to buy pure life risk cover, then term insurance is the best and cheapest form of life insurance policies.

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 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.

Conclusion While the overall features of the policy are good, investors should opt for insurance only for pure risk cover and invest the remaining investible surplus amount into other investment products like normal mutual funds or ELSS plans, instead of insurance.

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