Does Life Insurance Payout for Natural Death?
Yes, Life insurance policies are designed to provide financial protection in the event of death. A life insurance payout is usually paid out upon the death of an insured person. The natural death or death caused by health-related issues is covered by term life insurance plans. In case the policyholder dies due to any type of critical illness or medical condition, the beneficiary of the policy will get the Sum Assured as the death benefit...Read More