There is no specified period for insured person, if the insured person pass away during the policy, the beneficial owner can acquire the insured amount as compensation, family members can be protected by financial support.
Note
- lower premium, but higher sum assured
- premium depends on ages, it can be lower if younger
- suitable for younger and higher sum assured demand clients, e.g. family breadwinner, borrower of mortgage loan, family needed etc.
- no saving components, no cash values and dividend at the end of the policy
