The primary benefit of a life insurance policy is that it provides long time financial support to the policyholder’s family in case of any unfortunate event with the policyholder.
Death Benefit
In case of any unfortunate event with the policyholder, the Insurance company provides financial protection in form of a death payout
Maturity Benefits
Some insurance policies offer a maturity profit at the end of the policy term in case the life assured has survived the whole policy tenure.
Guaranteed Returns
Some life insurance plans give you Guaranteed Returns after a specific term
Riders
Riders such as accidental death benefit, Premium waiver benefit, critical illness, Terminal illness rider, daily hospital cash benefit, Surgical care rider benefits,