Couples health insurance plan essentially covers two people unlike single life insurance which covers one person. Couples insurance policy is suitable for married couples, long term unmarried couple or even business partners. If either of the insured persons passes away, the policy ends and the final payout is made.
Term Insurance is a form a life cover which provides coverage for a specified period. In the event of the policy holder passing away during the term of the policy the nominee gets the death benefit as a lump sum amount. Term insurance plans are popular due to low premium, flexibility of buying one online or offline, provide financial security, low claim rejections and no brokerage. LIC of India Offers Jeevan Anmol and Jeevan Amulya plans under Term Insurance.