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Beshak Insurance dictionary

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Life Stage Benefit
Term Life Insurance

Your term life insurance cover needs an upgrade every time your financial responsibilities increase. Usually, a term life insurance cannot be upgraded, and hence you need to buy additional policies, which require you to apply again, go through medical checks before the policy is issued.

This benefit gives you the option to smoothly increase your sum assured by predefined percentages on the occurrence of specific life events, without medical tests and with minimal paperwork.

The life events listed in the policy are like marriage, childbirth, home loan, etc.