Key Features of Flexible Term Life Insurance Plan
ACKO Flexible Term Life Insurance Plan offers customizable coverage to suit changing financial responsibilities and life stages.
These are the key features of the life insurance product
1. Adjustable coverage amount – The plan allows policyholders to adjust the amount of their coverage as their financial needs change, ensuring they have the right level of protection.
2. Flexible policy duration – It also allows policyholders to modify the term of the policy to suit their life goals, whether they need short-term protection or coverage that lasts longer.
3. Customizable Riders – Policyholders can add or change additional clauses to tailor the policy to their specific needs and life stages, such as coverage for critical illness or accidental death.
4. The digital function – The plan includes a Digital Will feature, allowing customers to create, update and securely store their will online.
Other benefits
With the flexible term life insurance plan, policyholders can choose from various payment options such as a lump sum, monthly installments, or annuities, providing personalized financial support as needed. This flexibility aims to address the changing needs of customers throughout different stages of life.
“Our focus going forward will be We will continue to focus on products that are purely related to protection, such as the term life product that we have. “They were launched recently,” ACKO founder Varun Dua said in a statement.
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