Life insurance refers to a contract made between an insurer and a policyholder whereby the insurer guarantees the payment of a death benefit to the specified beneficiaries of the insured in the case of death of the insured.
In the event, if the worker becomes incapable of performing work due to injury, illness and earn income, the disability insurance provides income to this category of workers.
Accidental death insurance is one of the least expensive life insurance options that exist. It provides you protection and a high payout for death that can occur as a result of non-health-related causes.