Get answer of all your queries related to Term Insurance!
A term insurance policy is one that covers the risk of premature death. The policy insures an individual for a specific term and covers the individual’s risk of death during the specified term.
Let's make an effort to offer some understanding about insurance by means of simple explanations to educate you about the complicated terms and concepts.
India is among the top 10 countries when it comes to the number of road accidents, resulting in deaths and disability every day. The fear of accidents is so intense, many people stay away from driving their own vehicles due to this fear. So, most of them want to know if term insurance covers accidental death?
The key aspect about the increasing cover option is that you can beat inflation by opting for this coverage. See, when you buy a life insurance policy of a certain coverage amount, you are not sure if the amount would be sufficient 20 years down the line.