COVID-19 Term Insurance
COVID-19 Term insurance guarantees payment of a stated death benefit if the covered person dies during a specified term.
COVID-19 Term insurance is a type of life insurance that provides coverage for a specific period of time or years.
COVID-19 Term insurance money can be used to meet your family’s monthly expenses and important goals like your child’s education.
Benefits:
- Some circumstances your family can utilize the term insurance pay-out in paying off the outstanding debts.
- You can use the term insurance money to meet the monthly expenses.
- Term plan allows you to take loans for assets such as a car or a house.
- Quick and hassle-free claim settlement
Features:
- Term life insurance are ideal for people who want substantial coverage at low costs.
- Permanent insurance provides coverage for life, as long as premiums are paid.
- Term life Insurance premiums paid are deductible from taxable income under Section 80C.