TERMS RELATED TO TERM INSURANCE

Pink Blob

Maximum charge: Claims Compensation (CSR) is the total number of claims raised in a year and the number of claims approved by the insurer in a year. The higher the number, the more reliable the insurance company, while the chance of your family being rejected is low.

Claim Settlement Ratio: 

Pink Blob

Term insurance cost: It is the amount you pay the insurance company for financial protection. Payments can be made monthly, semi-annually and quarterly. Premiums do not increase with age

Term insurance premium 

Pink Blob

Other benefits (support): To improve your plan coverage, you can add benefits to your plan, such as a critical illness rider, accidental death rider, or permanent disability rider. Riders come at a premium

Add-on benefits (riders) 

Pink Blob

Cost of Insurance: This is how much money your candidate will get if things go wrong. This also determines the amount of money for the speech plan

Sum assured 

Pink Blob

Death benefit: It is the same thing as the insurance sum and returns the candidate if the event is not good.

Death benefit 

होम इंश्योरेंस