- Jul 23, 2023
- Theodore Galbraith
- 0 Comments
Does LIC's e-Term plan cover accidental death?
After researching the specifics of LIC's e-Term plan, I can confirm that it does indeed cover accidental death. This means that in the unfortunate event of a policyholder's death due to an accident, the beneficiary is entitled to a sum assured as per the terms of the policy. It's a relief to know that such protections are in place, providing financial security for those left behind. So, if you're considering insurance plans, the LIC's e-Term plan offers coverage that includes accidental death. Always remember to review and understand the terms of your policy fully.
- Feb 22, 2023
- Theodore Galbraith
- 0 Comments
Which components make up a life insurance policy?
Life insurance provides financial security and peace of mind for policyholders and their beneficiaries in the event of an untimely death. It consists of several components, including the death benefit, premiums, riders, and policy duration. The death benefit is the amount of money paid by the insurance company to the beneficiary upon the death of the policyholder. Premiums are the payments made by the policyholder to the insurance company to keep the policy active. Riders are additional coverage options that may be added to the policy for an additional cost. The policy duration is the length of time the policy will remain active. Life insurance is an important safety net for policyholders and their families.