What Are The In-Built Benefits Offered Under Term Insurance?

Most of the term insurance plans have basic coverage i.e. coverage against death while few term insurance policies offer in-built covers such as Accidental disability riders, Waiver of premium in case of accidental disability, and critical illness. Although these come as add-ons the premium for these policies would be higher when compared to the plans without any in-build add-ons. The basic coverage in a term plan is the coverage against death which remains in all kinds of term insurance plans.

What are the Benefits of Term Life Insurance?

There are many benefits of term life insurance.

Affordable premiums for a specified coverage period.
Provides financial protection for beneficiaries in case of the policyholder's death.
Flexibility to choose policy length and coverage amount.
Simple coverage without complex investment components.
Can be used to cover specific financial responsibilities like mortgage or education expenses.

What are the Benefits of Traditional Life Insurance?

Traditional life insurance offers several benefits that make it an attractive option for individuals seeking both life coverage and savings or investment growth. Here are some key benefits of traditional life insurance:

Life Coverage
Savings or Investment Component
Maturity Benefit
Tax Benefits
Financial Security
Peace of Mind

What are the Benefits of Purchasing PNB Metlife Insurance?

The benefits of purchasing PNB Metlife Insurance include financial protection for the policyholder's family in the event of their untimely death, tax benefits under sections 80C and 10(10D) of the Income Tax Act, and the option to customize the policy based on the policyholder's needs.

What are the Benefits of Purchasing LIC Life Insurance?

The benefits of purchasing LIC Life Insurance include financial protection for the policyholder's family in the event of their untimely death, tax benefits under section 80C of the Income Tax Act, and the option to take a loan against the policy in case of financial emergencies.

What are the Benefits of Purchasing a Life Insurance Policy from Kotak Mahindra Life Insurance?

Some of the benefits of purchasing a life insurance policy from Kotak Mahindra Life Insurance include flexible premium payment options, tax benefits, a high claim settlement ratio, and a wide range of life insurance products to choose from.

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