FAQs

Level term plans are the most common variant in which the premium you pay is fixed for the entire term (duration) of the policy.

Level Term Cover Rider: This particular rider provides you the option to enhance your risk cover for a limited period up to a maximum sum equivalent to your base policy. It basically offers a death benefit only and helps the survivors to pay any unforeseen expenses or clear off all the liabilities of the policy holders. If you do not have adequate term insurance coverage and are in the process of buying a savings oriented or endowment plan, then you may want to consider this rider.