What is the target audience?

[mahbubamim077]

Risk life insurance As a classic option, such a policy covers only one insurance risk - a fatal outcome. Payments from the insurance company are received by the insured person's relatives. But today you can find a mixed option. It provides compensation in the event of illness or after an industrial injury.


This type of insurance is often chosen by those who shareholder data bear risks due to their profession or extreme hobby. But keep in mind that the insurance company will most likely be interested in how dangerous your work or hobbies are. If the likelihood of an insured event due to your lifestyle is too high, the insurance company has the right to increase the cost of the policy or refuse to issue it at all.

Nuance: this policy implies payment only upon the occurrence of an insured event (death, injury, etc.). The option with survival - that is, receiving funds when a person reaches a certain age - is not provided here.


Cumulative life insurance As the name suggests, it is a hybrid: Classic insurance. A tool with a piggy bank function. The client pays the full cost of the insurance in separate payments over a period of time. It is similar to a piggy bank. But in a piggy bank, the money "does not work".