There are some policies which continue
till the end of the policy term even though the loan is repaid, such policies are provided by life insurance companies.
Not exact matches
The
Policy will continue
even after the Death
of the Life Insured
till the
end of the
Policy Term.
For
policies where the outstanding
policy term is less than 48 months, sequence
of monthly income payouts will endure to be paid
even after the
end of the
policy,
till the 48th installment.
With the waiver
of premium benefit, a child plan continues
till end of the
policy term,
even after death and the maturity benefit is also payable.