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Traditional life insurance provides coverage for the entire lifetime and can be used to provide financial protection against unexpected events such as death, disability, or critical illness.
Traditional life insurance offers several benefits that make it an attractive option for individuals seeking both life coverage and savings or investment growth. Here are some key benefits of traditional life insurance:
Here are some common variants of traditional life insurance plans in India.
Traditional life insurance refers to life insurance plans offering basic coverage and protection and any investment or savings component. These plans focus primarily on providing financial security to the policyholder's beneficiaries in the event of their untimely death. Traditional life insurance plans in India are popular among individuals looking for simple and cost-effective life coverage.
Here are some key features of traditional insurance plans:
Non-traditional life insurance refers to life insurance products that offer innovative features or structures beyond traditional offerings. These plans often provide additional benefits, flexibility, or customization options to policyholders. Here are a few examples of non-traditional life insurance plans available in India:
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