FAQs 114 views October 26, 2018

First, let us understand the concept of accidental death coverage and how it is different from term insurance. This policy ensures death benefits to the nominee(s) if the cause of death is an accident.

Term insurance, on the other hand, poses no qualms concerning the cause of death. A term plan is a policy document that ensures financial cover to the nominee(s) or dependents in case of unfortunate death during the policy term. Buying term insurance is always deemed a better option as the amount of life cover, depending on what your life is worth, protects and preserves your loved ones from the sudden unforeseen economic crisis.