What we cover?
This type of insurance is usually sold together with accident insurance, i.e. death after an accident is combined with the risk of term life insurance for natural death or death due to any illness. Having both of these insurance risks – the Insured person has full coverage for death.
BUNDA Term Life Insurance advantages
Term life insurance usually has lower premiums compared to investment or savings life insurance policies. The premiums depend on various factors, including your age, health, occupation, nationality, and the amount of coverage.
It is the most affordable way to purchase life insurance since the periodic premiums are not allocated for investment or savings.
Term life insurance policies have a fixed premium rate that does not change.
Practical examples
Did not wake up one morning
A person who had term life insurance simply did not wake up one morning. The cause of death is not clear.
Lost fight
After a long battle with a critical illness, the insured lost the fight and died.