Is sum assured Paid to nominee incase of accidental death in term insurance ?

POSTED BY Mr.Nilesh ON October 10, 2013 8:42 pm COMMENTS (3)

If a person dies with accident shall term plan give sum assured to nominee?

I am looking for online term plan with or without critical illness rider so please suggest me some decent plans.

thank you!

3 replies on this article “Is sum assured Paid to nominee incase of accidental death in term insurance ?”

  1. ashalanshu says:

    Dear Nilesh, yes, you should purchase standalone CI plan also. Interestingly the T&C os CI are very tough to get a claim.

    Thanks

    Ashal

  2. ashalanshu says:

    Dear Nilesh, in a term plan, if a nominee is there, sum assured ‘ll be paid to him/her. No matter death happens due to an accident or normal one.

    Any online term cover is good. Please do not purchase Accident Rider. For acident, please purchase stand alone policy from general insurer.

    Thanks

    Ashal

    1. Mr.Nilesh says:

      thank u for ur kind reply sir.
      I have purchased online HDFC life pure term insurance plan today itself.

      I am looking forward to buy standalone critical illness rider plan.Is it ok to buy standalone plan for critical illness rider?
      thanku!

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