Pure Life Protection Key Benefits
These policies are also called Term Life Policies.
This is generally applicable for a specific term period, say, 1 year, 10 years, 15 years, etc.
This plan covers death risk only; this means payment of sum insured is made only if the insured person dies during the policy term
If there is no death during the term, then no amount is payable
There are some term plans which give back the premium amount paid if the insured lives beyond the policy term
This is the cheapest type of life insurance in the market