What does life risk insurance cover?

Risk life insurance primarily covers the policyholder’s death, but additional coverage options—such as disability, accidents, and critical illnesses—let you extend protection and provide more comprehensive support against unforeseen events.

Life insurance always covers the risk of the insured person passing away. It is the main cover. But other additional cover can be taken out.
 

Main cover: death

The basic and fundamental cover of term life insurance is to protect the beneficiaries against the death of the insured person. If this happens, the insurer will pay out the agreed sum to help the family maintain their financial stability.

Additionally, DKV Vida insurance also includes an advance payment of 50% of the insured capital in the event of the insured person suffering a terminal illness.

Additional cover that may be included
 

Compensation due to disability

It is very common to include total and permanent disability compensation cover. In such cases, the insurance guarantees the same amount of cover as set for death, providing financial support when the insured person is unable to work.
 

Compensation for accidents

It is also possible to take out additional compensation cover related to accidents. This covers situations where death or disability occurs as a result of an accident or traffic accident, providing broader and more specific protection.
 

Cover for severe illness

Some policies allow adding coverage for critical illnesses such as cancer, heart attack, blindness, or other serious conditions. In these cases, the insurance may provide a payout to help cover medical expenses or compensate for lost income.
 

Why is it important to know what a term life insurance policy covers?

Understanding the basic and additional cover allows you to choose a policy that best suits your needs and those of your family. This way, you can make sure you are protected against different situations that may affect your financial stability.