BHAVESHKESWANI
KF Expert
term insurance (or) medical insurance and accident policy ? which is good option ?
term insurance
- Thread starter BHAVESHKESWANI
- Start date
Sailesh Ivaturi
KF Rookie
Both have its own prospects.
In term insurance, we pay premium for a period of time i.e for a term and it only provides financial security (total sum assured) on a persons untimely death within the term, whereas in medical insurance, the premium is slightly higher in comparison to term insurance and it covers all the medical expenses with certain limitations, discuss with your agent for more details. In conclusion, it depends on your need do you need financial assistance on policyholders untimely death or get all your medical bills covered in time of policyholders hospitalisation.
In term insurance, we pay premium for a period of time i.e for a term and it only provides financial security (total sum assured) on a persons untimely death within the term, whereas in medical insurance, the premium is slightly higher in comparison to term insurance and it covers all the medical expenses with certain limitations, discuss with your agent for more details. In conclusion, it depends on your need do you need financial assistance on policyholders untimely death or get all your medical bills covered in time of policyholders hospitalisation.
sumitgangvani
KF Rookie
term plan will only benefit your family financially in your permanent absence AND medical with accident policy will secure you and your family from unknown circumstances, which may not pressure to be burden as hospital bills on your income. God Bless you.
