Pure Risk Coverage - Life Insurance Policy. You can be covered for Crore of Rupees at a very Nominal Premium.
1. The Coverage is till 100 yrs of age with an option of paying till 60yrs of age
2. The Premium's are Non Refundable on completion of Term
3. There is an Accidental Death Benefit of up to 2 Crore ,Which means ,in case of Accidental Death the Claim Amount is up to 2 Crore addition from the Basic Coverage.
ON 1 Cr Policy Accidental death 2 Crore is payable, ON 2 Cr Policy Accidental death 4 Crore is payable ON 3 Cr Policy Accidental death 5 Crore is payable.
4. In Case of Critical Illness where 2 doctors have certified that the Insured will / might not survive in next 6 months or so then, the Basic Coverage Amount is paid to the Life Assured immediately
IT'S A PURE RISK COVERAGE POLICY, WHERE IF YOU SURVIVE THE TERM --- NO AMOUNT IS REFUNDED BACK BY THE COMPANY.
Term Policy is the Best Life Risk Covered and you can cover yourself till 100yrs of age . It will also make sure that even if your other Life Policy Matures or done away with, Term Policy will keep your Life Risk Cover alive. A must in your portfolio and surely it's not a waste of Money.