What does it do?
This is a level cover policy in which the nominee will receive death benefit equal to sum assured on unfortunate death of the insured.
Applicant has an option to take an additional Accidental Death Benefit where the insurer will pay an extra sum over and above the basic sum assured, if death takes place due to an accident within 120 days of its occurrence. Accidental Death benefit will be equal to the basic sum assured upto maximum of Rs 50 lakh. The policy does not offer any surrender or maturity value if the insured survives the term.
Pros
This policy can be bought online.
Women and non-smokers can avail discount on premium.
It offers additional Accidental Death Benefit.
