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confirm to. In products covering only ‘death due to accidents’ –

there are also specific pointers listed in the policy document.

Kinds of Life Insurance Policies:

1. Term Insurance

One can choose to have protection for a set period of time with

Term Insurance. In the event of death or Total and Permanent

Disability (if the benefit is offered and opted for), the

dependents will be paid a benefit. In Term Insurance, no benefit

is normally payable if the life assured survives the term of the

policy. Term insurance is the most cost-effective way to take

protection for a specified term. Example: A young person buys a

BMW costing 6 million INR () and opts for a 5 year pay back plan.

He takes a term plan for 6 million INR for 5 years. This way

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