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Life cover means life insurance or life assurance. Such cover provide a additional medium aof investment alongwith some tax advantages. Life cover gives protection to the family members of the policyholder after his death through the claim amount. Life cover includes accidental death cover, if a person dies in an accident then the claim can be taken. Such life cover can be permanant ie for whole life or it can be for an specific term. Such short term life policies are renewable at the choice of the policyholder. Also such cover can be taken up for an individual under the single life cover or if a person wants to avail off some discount then joint policy is also available where alongwith himself, policy can be taken for his family members also. A business owner can take such life cover for himself & also make available such policies to his employees so can to protect them from the unforseen future. Among the life coverages, the life critical illness cover is important since it for those who are facing major illness like cancer & need expensive medical treatment at the earliest. There is disability cover for person who is disabled permanantly due to some disease or accident. Moderate monthly payments have to be made to the insurance company as premium depending upon the policy amount.
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