BankingClick provide financial security and support to individuals and their loved ones in the event of their death or certain critical illnesses. It typically includes life Assurance and critical illness insurance.
Life Assurance: Life insurance offers a payout, known as the death benefit, to the designated beneficiaries upon the policyholder's death. It provides financial protection to the policyholder's loved ones by replacing lost income, covering outstanding debts, and helping with ongoing expenses.
Critical Illness Assurance: Critical illness insurance provides a lump sum payment if the policyholder is diagnosed with a specified critical illness covered by the policy. This coverage helps individuals and their families manage the financial impact of medical treatments, rehabilitation, and lifestyle adjustments during times of illness.
Life protection Assurance aims to provide peace of mind and financial stability for policyholders and their dependents during challenging times. The specifics of life protection insurance, including coverage options, terms, and benefits, can vary depending on the insurance provider and the policy chosen.
If you are interested in obtaining life protection insurance, it is recommended to research various insurance providers, compare policy options, and consult with insurance professionals to find the most suitable coverage for your needs and circumstances.