Choose a Protection Plan that Covers Covid-19 Claims

Covid-19 has changed the way people approach various aspects of life, from work to health and wellbeing. Most importantly, the unpredictable nature of the virus and the high medical costs have forced everyone to rethink how money is managed. Ensuring financial security through life insurance is on top of the list.

Insuring your loved ones is now more important than ever, especially if you are the only breadwinner in the family. Moreover, you want to make sure the policy covers death due to Covid-19. If you are seeking a protection plan but are not sure which one to buy, then we are here to help you. A term plan is a cost-effective form of insurance that takes care of your family’s financial needs in your absence.

What are Term Insurance Plans?

Term insurance is the purest form of life insurance that provides a death benefit to the insured. In simple words, a term plan secures your family’s financial future in case of your unfortunate demise. In these uncertain times, having term insurance is imperative as it provides coverage to your loved ones in unforeseen circumstances. But that's not all. Getting one enables you to enjoy several term insurance benefits ranging from affordable premiums to riders option.

Considering the impact of the coronavirus on the livelihood of people, insurers provide coverage against the risk of the disease. Most term insurance plans cover death due to Covid-19. Plus, the ease of availability online enables you to insure yourself with a few clicks.

Why Choose A Term Plan?

You can find a plethora of term insurance plans available online. The best term insurance plan covers risk to life due to Covid-19 and offers various benefits that allow you to make the most of your insurance cover. Let’s have a look at some of the term insurance benefits.

• Complete Life Cover:
  As mentioned before, term insurance is a pure form of life cover that provides for your family when you are no longer around. One of the features that makes it a lucrative option is the whole life coverage. It offers comprehensive coverage till the age of 99 years. In case you pass away any time during the tenure of the policy, even if it is due to Covid-19, your family remains protected.
• Affordable Premiums:
  This is one of the major term insurance benefits that draws more and more people to opt for this type of insurance. Being a simple form of insurance, it comes with lower premiums as compared to other kinds of insurance, making it a suitable choice for even youngsters and those with a low budget. In fact, the earlier you buy, the better it is. As the chances of health risks are low when you are young, you can avail yourself of lower premium rates.
• Higher Coverage:
  Considering the nature of a term plan, you get a higher sum assured in comparison with other plans like traditional whole life or ULIP. Unlike other insurance policies, all your premiums go toward the death benefit. Getting a substantial cover, including death by Covid-19, for affordable premiums makes it a great option in these times.
• Critical Illness Cover:
  Studies suggest that chronic diseases like cancer, cardiovascular conditions, diabetes, etc., are leading causes of death. Since term insurance plans are often accompanied by riders, along with a cover against Covid-19, a term plan offers protection against the financial burden caused due to these diseases in the form of a critical illness rider.

Conclusion:

The affordability and the coverage, which includes Covid-19 claims, makes a term plan the best choice in these difficult times. PNB MetLife provides a range of term insurance policies to cater to your unique needs. Apart from the benefits mentioned above, it carries various other features such as more rider options, flexible payout terms, spouse coverage, child education benefit, to name a few.