Long-duration life cover that can continue up to the age stated in the policy.
What this type of cover does
Provides a death benefit over a very long coverage period and may include a savings value, depending on the product.
Who commonly considers it
People seeking long-term estate or legacy protection.
What to check in the policy
Registered name and IRDAI registration details of the insurer or intermediary
Who is insured, when cover starts and when it ends
Sum insured or benefit amount, deductibles, co-payments and sub-limits
Waiting periods, exclusions, claim conditions and cancellation terms
Premium amount, taxes, renewal rules and consequences of missed payment
Claim contact details and the insurer’s grievance-redressal process
Features vary by insurer and product. A generic plan type cannot tell you whether a particular claim will be paid; only the issued policy wording can do that.
