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Term Insurance Plan for 2 Crore Online in India

Deciding on a 2 crore term insurance plan is a significant financial decision that requires careful evaluation. While it can be a mindful choice for some, given today’s lifestyle and inflation, it might not suffice for others.

This article explores how a 2 crore term insurance plan can meet the coverage requirements of an average Indian investor. It delves into the critical aspects of choosing such a policy, considering its benefits against your financial goals and insurance needs.

If you are contemplating securing your family’s future with a sizable term insurance plan, understand if a 2 crore policy is right for you.

2 Crore Term Insurance Plan Overview

Here’s a table summarising the key aspects of a ₹2 crore term insurance policy:

Feature	Description
Sum Assured	₹2 Crores
Purpose	Provides financial security to the family in case of the policyholder’s demise
Eligibility	Moderate annual income individuals, typically ₹15 lakhs or more per year.
Premium	Premiums are lower because of the moderate sum assured.
Riders/Add-ons	Options like accidental disability critical illness riders are available
Premium Payment Options	Monthly, quarterly, half-yearly, or annual
Tax Benefits	Premiums paid are eligible for tax deductions under Section 80C of the IT Act

What is a 2 Crore Term Insurance?

A 2 Crore Term Insurance promises financial coverage of 2 crores to the policyholder’s beneficiary in the event of their death during the policy term. This life insurance plan offers substantial financial protection, ensuring your family’s financial needs are met even in your absence.

The payout can be used for various purposes, such as paying off debts, covering daily expenses, and funding children’s education. Additionally, many plans offer flexible terms and additional benefits like critical illness cover, accidental death benefit, and waiver of premium, making it a comprehensive financial safety net for your loved ones.

Since it’s a term insurance plan, it provides only death benefit and no maturity value if the life assured survives the policy term.

How Does a 2 Crore Term Insurance Plan Work?

Term Insurance Plan is the essential component of any healthy financial portfolio. More than an investment option, it is a financial tool that secures your family's financial future and provides you with much-needed mental peace. A rightly planned substantial insurance cover ensures that financial obligations like children's schooling, marriage, and liabilities like home loans are taken care of, and the family does not deal with the economic disruption caused by the loss of a family member. Here is how a 2 Crore term insurance plan works:

Meet Raman

Raman is 25-year-old healthy, non-smoking newlywed who values fitness, career growth & family.

Securing Future

He invests in a ₹2 crore term life insurance for 25 years to provide financial security for his wife

Death During the Policy Term

In the 15th year of the policy, Raman experienced an unfortunate death.

Death Benefit Payout

His wife received a ₹2 crore death benefit from the insurance company.

After the Claim

With this benefit, his wife can preserve her quality of life and meet her financial obligations.

Benefits of 2 Crore Term Insurance Plan

A 2 crore term insurance plan provides substantial financial coverage to the policyholder's beneficiaries during their untimely demise. Here are the benefits:

Financial Security for Family

Ensures your family's financial stability in your absence, covering daily expenses, debts, and future goals like education.

Affordable Premiums

Despite the high sum assured, premiums are relatively low, especially if purchased at a younger age, making it a cost-effective choice.

Tax Benefits

Premiums paid and payouts received are eligible for tax deductions under Section 80C and Section 10(10D) of the Income Tax Act, enhancing savings.

Supports Key Life Stages

Adequate coverage to support your family through key life stages, including children's education, marriage, and spouse's retirement.

Debt Repayment

In the event of untimely death, the sum assured can help in repaying outstanding debts, ensuring your family's financial independence.

Riders

Offers the flexibility to enhance coverage through riders for critical illness, accidental death, and disability at a nominal extra cost.

Peace of Mind

Provides peace of mind knowing your loved ones are financially protected against life's uncertainties, allowing you to live stress-free.

Flexibility in Payout Options

Allows nominees to choose how they receive the death benefit - lump sum, monthly income, or a combination, suiting their financial situation.

Understanding 2 Crore Term Insurance Plan with an Illustration

Rohan, a 30-year-old professional, opts for a 2 crore term insurance plan with a policy term of 30 years. He chooses to pay an annual premium of ₹25,000 for the coverage. Based on his age, health status, and the policy term.

Criteria	Details
Policy Term	30 years
Age of Insured	30 years
Sum Assured	₹2 crore
Premium Payment	Annual
Annual Premium	₹25,000 (approx.)
Maturity Benefit	NA (as it is a pure-term plan)

Scenarios Explaining 2 Crore Term Insurance

Scenario 1

Scenario 2

Unfortunate Death During the Policy Term

If Rohan passed away at 45 during the policy term, his nominee would file a claim with the insurance company. After successfully processing the claim, Rohan’s nominee would receive the sum assured of ₹2 crore, helping them cover living expenses, pay off debts, or invest for future needs.

Outliving Term Insurance Policy

If Rohan outlives the 30-year term of the policy, the term plan typically does not provide any maturity benefits, meaning he would not receive any payout.

Case Study Examples on 2 Crore Term Insurance

Case 1

Case 2

Why 2 Crore Term Plan is Not Sufficient for Rajveer

Rajveer, a 26-year-old professional, had retired parents as dependents and an annual income of ₹15 lakhs. He planned to marry in another 2-3 years and buy a house afterwards. Foreseeing future responsibilities, he bought a 2 crore term plan with a tenure of 20 years as a financial cushion for his dependents.

Unfortunately, at the age of 42, Rajveer suffered a cardiac arrest. At that time, he had a dependent wife, two kids, an outstanding home loan of ₹80,00,000, and dependent parents. Considering these liabilities and future significant expenses like the kids’ higher education, the sum of ₹2 crore was insufficient. Rajveer should have reevaluated his coverage once his responsibilities increased.

Why 2 Crore Term Plan is Not Sufficient for Sudheer

Sudheer, a professional who is 30 years old, had parents who were retired and dependent on him. He was married and owned a family house. At that time, his annual income was ₹15 lakhs. He decided to purchase a 20-year term plan worth 2 crores.

Unfortunately, at the age of 40, Sudheer passed away due to an accident. He had dependent parents and an 8-year-old son. However, his wife was earning, and he had no significant liabilities, like a home loan. His son’s education was one significant expense that needed to be taken care of.

Sudheer also had considerable savings since he was an active investor in different investment instruments. Given his fewer liabilities and more assets, a term plan of ₹2 crore might be sufficient.

Disclaimer: The above illustration is a hypothetical example created for educational purposes only and does not represent a real-life scenario.

Is a 2 Crore Term Insurance Plan Enough for You?

Although a figure of 2 Crore seems huge, getting coverage 10-15 times your annual salary is often suggested. Given our upgraded lifestyles and ever-increasing inflation, coverage of 2 crore might not be sufficient for many people.

A correct evaluation of the required sum assured involves many factors, such as family income, expenses, future goals, inflation, loans, and liabilities. You must also factor in your family's regularly increasing financial requirements.

For a quick estimate, you can use Digit’s term life insurance premium calculator by entering your age and annual income to get an estimate. This will give you a more accurate idea of the potential coverage needed.

A general recommendation is to secure insurance that covers 15 times your yearly salary. For instance, if you earn Rs 30 Lakhs annually, you should aim for insurance coverage of Rs 4.5 Crores (15 times 30 Lakhs). If you anticipate needing this coverage over the next 25 years (until you are 60), it's important to account for inflation and rising living costs.

Considering all the above factors, a more accurate assessment can be done using the Human Life Value calculator.

Note: The one golden rule to having sufficient coverage is to “Review Your Term Insurance Every 5 Years” to cover all your increased liabilities and expenses. A periodic review of your term plan ensures it aligns with your evolving financial situation. Consider revisiting the policy if significant life changes occur, such as marriage, childbirth, or career advancements.

Who Should Buy a 2 Crore Term Insurance?

Buying a term insurance plan is an important financial decision, and the timing of your purchase can have a significant impact on the cost of premiums and the benefits of the coverage. Here’s a breakdown of when to buy a term plan at different stages of life, and how the premium tends to vary with age:

Young Earners

Youngsters who have just started earning and are responsible for dependents should consider a 2 Crore term plan to provide a substantial financial cushion for their loved ones in the event of their demise.

People with Loan Liabilities

Individuals with substantial loans, such as home loans, can buy a 2 Crore term plan to cover these liabilities and prevent them from becoming a burden on surviving family members in case of the unfortunate demise of the borrower.

Small Business Owners and Entrepreneurs

Entrepreneurs and business owners work on credit most of the time. To cover the responsibility of some credit of an equivalent amount, they can safeguard their business and family with a 2 Crore term plan, ensuring business continuity and family well-being.

Senior Investors

Senior people, especially the ones nearing retirement whose major life goals like house purchase and kids’ education are over, can look at buying a coverage of 2 Crore. This will provide financial protection to their dependent spouse and others in case of their unfortunate demise and take care of any pending milestones like their children’s marriage. 

Those Looking for Supplementary Coverage

One might have a certain amount of cover from their employer or an already purchased term plan during their younger days. During periodic reassessment, they realised they needed a higher sum assured for sufficient coverage. In such a case, they can buy a 2 Crore term plan as an additional cover. 

Those Looking for Future Financial Planning

Those who envision a financially secure future for their loved ones should opt for a 2 Crore term plan. One might have calculated that their kids would require a certain sum for their higher education. They can buy a 2 Crore plan covering their kids’ education if other liabilities are covered already.

How to Choose the Right Life Coverage for Yourself?

Choosing the right life coverage is essential for securing your financial future and providing peace of mind for you and your loved ones. What is the exact figure that you should choose to have sufficient life coverage?

Let's find the answers:

Assess Your Life Goals

Understanding your life goals is the first step in choosing the right life coverage. Whether it's providing for your family, covering your children's education, or leaving a legacy, your goals will be the primary factor in deciding the type and amount of coverage you need.

Consider Your Financial Liabilities

Take into account your financial obligations, such as mortgages, loans, and any debts. The life coverage that you decide should be sufficient to cover these liabilities, ensuring your family doesn't inherit your financial burdens if anything happens to you.

Evaluate Your Health and Lifestyle

Your health and lifestyle can significantly impact your life insurance premiums and coverage options. Smokers, or those with pre-existing health conditions, may face higher premiums. Being honest about your health will help you find the most suitable coverage.

Consider Your Estimated Working Years

Reflect on how many years you plan to work before retirement. Most of your financial goals ideally must be completed during these years. This will help determine the duration of coverage you need. Also, you would be better able to handle the premium payments during these years. Ensuring your policy covers you until you retire can provide financial stability for your dependents.

Use HLV Calculator

Utilising a human life value calculator can help quantify your financial contribution to your family by considering your income, expenses, debts, and investments. It considers all the factors discussed above and better estimates the required coverage.

How to Calculate the Premium for a 2 Crore Plan?

To calculate the premium for a ₹2 crore term insurance plan, you need to consider several factors such as the policyholder’s age, health, lifestyle, occupation, and the policy term. Additionally, you might want to explore extra coverage options like critical illness riders or accidental death benefits.

Let’s assume a 2 crore term insurance policy for Anita as an example:

Age: 30 years
Health Status: Non-smoker
Policy Term: 20 years
Sum Assured: 2 crore
Riders: No additional riders

Insurers calculate the base rate based on age, health status, and sum assured. In Anita’s case, let's assume that the base rate is ₹1.5 per thousand of the sum assured. Here is how the premium is calculated:

Base Premium = (Sum Assured/1,000) × Base Rate
Base Premium = (2,00,00,000/1,000) × 1.5 = ₹30,000 per year

Anita’s base premium comes out to be ₹30,000 per year. This amount reflects her age and healthy lifestyle, providing comprehensive coverage for her substantial sum assured.

While Anita has opted not to include additional riders in her policy now, she knows she can always revisit her options. A critical illness rider or accidental death benefit rider could be considered if her needs change or if she wishes to enhance her policy's coverage further.

Disclaimer: The above calculations are only for illustration purposes. For an accurate calculation, it's best to use an online premium calculator provided by insurance companies or consult with a financial advisor as they consider all the specific details and current rates.

Eligibility Criteria for 2 Crore Term Insurance

The exact eligibility criteria may vary slightly between different insurance providers. The following table provides a general overview.

Criteria	Eligibility
Age	Typically, between 18 and 65 years
Income	Minimum income requirements may vary but typically higher for larger coverage amounts
Medical History	Insurers may require medical tests to assess health risks before issuing a policy. Your medical history can influence term insurance premiums and the maximum sum assured.
Occupation	Professionals, salaried individuals, self-employed persons, and housewives. Certain high-risk occupations may be restricted.
Citizenship	Indian citizen

Documents Required for 2 Crore Term Insurance Plan

To purchase a 2 Crore term insurance plan, applicants are required to submit the documents listed below:

Identity Proof

Age Proof

Address Proof

Income Proof

Photographs

Medical Reports

Factors to Consider Before Buying a 2 Crore Term Insurance Plan

When considering a 2 crore term insurance plan, evaluating several factors is essential to ensure it meets your needs and provides adequate coverage for your family. Here are some key points to consider:

Financial Assessment

The most crucial factor is determining your coverage correctly. Evaluate your personal requirements, the current liabilities, future expenses, and the required amount for safeguarding your family. Assess if your chosen term plan aligns with your financial goals. 

Claim Settlement Ratio

The primary function of insurance is to provide financial support to the dependents in case of unfortunate demise of the life assured. Thus, claim settlement is highly important.

A claim settlement ratio reflects the percentage of claims settled by an insurer in a particular year. Thus, a higher claim settlement ratio means a higher likelihood of your claim being settled by the insurer. 

Term Duration

Choose a policy term that aligns with your financial responsibilities. If you take this plan to cover some loan, you can choose a term equal to the loan duration. Similarly, if it's for coverage during your early earning years, you can choose a shorter term because you'll need to reevaluate it once your responsibilities go up. 

Rider Options

Consider additional riders such as critical illness coverage, accidental death benefit rider, and waiver of premium rider in case of disability. These can enhance your coverage and provide extra protection tailored to your needs.

Policy Exclusions

Familiarize yourself with all policy exclusions so that it doesn't come as a surprise when the need arises. Being aware of the exclusions where your policy will not pay out ensures realistic expectations and informed decision-making.

Inflation

Consider the inflation factor when determining the coverage amount. What seems adequate today might not be sufficient due to rising costs.

Common Reasons for 2 Crore Term Insurance Plan Rejection

Certain factors can lead to rejection when applying for a 2 Crore term insurance plan. Understanding these reasons can help applicants better prepare and address potential issues beforehand.

Attempting Suicide

Most insurance policies have a suicide clause, typically stating that if the insured commits suicide within a specified period (usually one or two years) from the policy start date, the claim will not be honoured. Also, If the insurance company suspects the application is an attempt to benefit from such circumstances, they may reject the policy.

Participation in Hazardous Activities

Individuals engaging in hazardous activities like skydiving, scuba diving, motor racing, and other high-risk sports are considered high-risk. Insurers may reject applications or charge higher premiums to cover the increased risk of death.

Self-Inflicted Injuries

Policies often exclude coverage for death due to self-inflicted injuries. If there's evidence that the applicant has a history of self-harm or attempted suicide, the insurer may deny coverage.

Criminal Activities

Death resulting from criminal activities such as involvement in illegal activities, participation in violent acts, or membership in criminal organisations is usually excluded from coverage. Insurers may reject applicants with a criminal record to mitigate risk.

Substance Abuse

Substance abuse, like abuse of alcohol, drugs, or other substances, significantly increases health risks and the likelihood of premature death. Insurers may reject applications from individuals with a history of substance abuse.

Pre-existing Medical Conditions

Applicants with severe or multiple pre-existing medical conditions, like chronic diseases like diabetes, heart disease, cancer, etc, are considered high-risk. Insurers may reject their applications or offer coverage with exclusions and higher premiums.

War and Terrorism

If an applicant is in a high-risk profession or region prone to acts of war or terrorist activities, the insurer may deny coverage to avoid potential large-scale claims.

Non-Commercial Aviation

The risk of aviation accidents is substantial. Insurers may refuse to accept applications or increase premiums for individuals involved in aviation activities outside of commercial airline travel, including pilots, crew members, or frequent flyers in non-commercial aircraft.

Tax Benefits for 2 Crore Term Insurance Policies

Section 80C: Premium Payments

You can claim a tax deduction on the premium paid for your term insurance policy under Section 80C, up to ₹1.5 lakh annually. This benefit applies to individuals and Hindu Undivided Families (HUFs)

Eligibility Criteria:

Policies issued on or after April 1, 2012: Premium should not exceed 10% of the sum assured.
Policies issued before April 1, 2012: Premium should not exceed 20% of the sum assured.

Section 80D: Health Riders

Under Section 80D, if your term insurance policy includes extra health insurance-related coverage like critical illness or accidental death, you can claim an additional tax deduction for the premium paid for these riders:

Deduction Limits:

Individuals under 60 years: Up to ₹25,000 per year.
Senior citizens (60+ years): Up to ₹50,000 per year.

Note: This deduction is separate from the ₹1.5 lakh limit under Section 80C.

Section 10(10D): Maturity Benefits

Under Section 10(10D), all payouts from a term insurance policy, including death benefits, are entirely tax-free

Conditions for Tax-Free Benefits:

Policies issued on or after April 1, 2012: Premium must not exceed 10% of the sum assured.
Policies issued before April 1, 2012: Premium must not exceed 20% of the sum assured.
Tax Deducted at Source (TDS): If your policy doesn’t meet the above conditions, a 5% TDS will be applied if the payout exceeds ₹1 lakh in a financial year.

Discover Other Sum Assured Options for Term Plan As Per Your Need

Choosing the right sum assured is crucial for selecting the best term life insurance plan to protect your family’s financial future. Here are the available options for sum assured amounts that might suit your needs:

25 Lakh

Term Insurance Plan

75 Lakh

Term Insurance Plan

3 Crore

Term Insurance Plan

4 Crore

Term Insurance Plan

5 Crore

Term Insurance Plan

10 Crore

Term Insurance Plan

15 Crore

Term Insurance Plan

20 Crore

Term Insurance Plan

A ₹2 crore term insurance plan provides substantial financial security at affordable premiums. In case of the policyholder’s death, the payout can help cover major expenses such as loans, education costs, and family living expenses.

However, this policy does not offer maturity benefits if the insured outlives the term. Despite this, the high coverage and tax advantages make it an excellent choice for individuals with significant financial responsibilities.

When selecting the coverage amount, factor in inflation, long-term financial commitments, and future family needs to ensure adequate protection.

FAQs about 2 Crore Term Insurance

All

Features

Pricing

Coverage

How much does a 2 crore term insurance cost?

The premium for a 2 Crore term insurance depends on several factors like age, gender, medical history, occupation, body specifications, lifestyle habits like smoking and alcohol consumption, policy term and premium payment choice. All these factors are assessed for the premium calculation.

How often do I need to pay premiums for my 2 crore term insurance policy?

The frequency of premium payments for a 2-crore term insurance policy can be monthly, quarterly, half-yearly, or annually, depending on the policy terms offered by the insurer.

What is the minimum salary for 2 crore term insurance?

The minimum salary requirement for a 2-crore term insurance policy varies by insurer, the policy and the underwriting requirements.

What is the best age to buy a 2 crore term plan?

The best age to buy a 2 Crore term plan is in your 20s or early 30s, as premiums are lower for younger, healthier individuals, and it provides long-term financial security.

What is the eligibility to buy a 2 crore term insurance?

Eligibility varies by insurer but generally includes age, income, occupation, and health status. Most companies require a stable income and a good health record.

How can I buy 2 crore term insurance plans?

You can buy a 2-crore term insurance plan either online directly from an insurer's website, through an agent, or via third-party financial websites after comparing different plans.

Is there a free-look period with the term insurance plan for 2 crore?

Yes, most term insurance plans, including those for 2 crores, offer a free-look period of 30 days, allowing you to cancel the policy if you are not satisfied.

Which riders are available with 2 crore term insurance?

Common riders with 2 crore term insurance include accidental death benefit, critical illness cover, and waiver of premium on disability, among others.

What is the minimum entry age for 2 crore life insurance policy?

The minimum entry age for a 2 crore life insurance policy is usually 18 years.

Can I buy the best term insurance plan for 2 crore online?

Yes, you can buy the best term insurance plan for 2 crore online, which is often more convenient and can allow for easy comparison.

Is the 2 crore term insurance plan tax-free?

The premiums paid for a 2 crore term insurance plan is tax-free under Section 80C of the Income Tax Act, and the death benefit is tax-free under Section 10(10D). However, the tax benefits are subject to the prevailing tax laws in the country.

Is a medical checkup necessary to buy 2 crore term insurance?

Yes, a medical checkup is usually necessary when applying for 2 crore term insurance to assess your health status and determine premium rates.

Is 2 crores the right coverage amount for your term plan?

A 2 crore term insurance plan can be suitable if it covers 10-15 times your annual income, considering your financial obligations, dependents, and future goals. A 2 crore term plan can provide a significant safety net, but it’s essential to consider your specific needs and financial situation to make an informed decision.

How does a 2 crore term insurance plan's coverage differ from a 1 crore plan?

A 2 crore plan offers double the coverage of a one-crore plan, providing greater financial security for your family, but it comes with slightly higher premiums. The choice between the two should be based on your financial responsibilities and the level of security you wish to provide for your family.

How does inflation protection work within a 2 crore term insurance plan?

Inflation protection in a 2 crore term insurance plan ensures coverage increases over time to keep pace with inflation. This feature is typically offered as an add-on rider, where the sum assured increases by a fixed percentage each year.

For example, if you opt for a 5% annual increase, the coverage amount will grow from 2 crores to 2.1 crores in the first year, and so on. This helps maintain the purchasing power of the death benefit.

What is the impact of occupation type on the premium and coverage for a 2 crore term insurance plan?

The type of occupation significantly impacts the premium and coverage of a 2 crore term insurance plan. High-risk occupations, such as those involving physical danger or hazardous environments, typically result in higher premiums due to the increased risk of injury or death.

How does a 2 crore term insurance plan handle pre-existing diseases and medical conditions during underwriting?

During the underwriting process, insurers evaluate any pre-existing diseases and medical conditions you may have. Typically, you must disclose your medical history and undergo a medical examination. Depending on the severity and management of your condition, the insurer may offer coverage with higher premiums or exclude certain conditions from coverage. Full disclosure is crucial to avoid claim rejections later.

What factors influence the premium for a 2 crore term insurance plan beyond age, gender, and smoking habits?

Several factors influence the premium for a 2 crore term insurance plan beyond age, gender, and smoking habits. These include your occupation, lifestyle choices, medical history, family health history, and body mass index (BMI). Additionally, the policy term, payment frequency, and any add-on riders can also affect the premium.

How do different payment modes impact the overall cost of a 2 crore term insurance plan?

Your payment mode can impact the overall cost of your 2 crore term insurance plan. Insurers typically offer various payment frequencies, such as monthly, quarterly, half-yearly, or annually. Annual payments often come with discounts, making them more cost-effective than monthly or quarterly payments.

How can I increase the sum assured in a 2 crore term insurance plan without undergoing a medical examination?

To increase the sum assured in a 2 crore term insurance plan without undergoing a medical examination, you can opt for an increasing term insurance plan or add riders that enhance coverage. Alternatively, insurers offer life-stage increment options like marriage or the birth of a child without a medical exam. However, these options may come with higher premiums.

What documents are required for a smooth claim process in a 2 crore term insurance plan?

For a smooth claim process in a 2 crore term insurance plan, the nominee needs to submit an original policy document, a copy of the death certificate, the nominee’s identity and address proof, a filled claim form, and medical records (if applicable). In cases of unnatural death, additional documents like the FIR, post-mortem report, and medico-legal cause of death may be required.

How does a nominee claim the death benefit in a 2 crore term insurance plan?

To claim the death benefit in a 2 crore term insurance plan, the nominee must inform the insurer about the policyholder’s death and submit the required documents. The insurer will then verify the documents and process the claim. Once approved, the death benefit is disbursed to the nominee.

How does a 2 crore term insurance plan handle accidental death and disability benefits?

Riders provide additional coverage in case of accidental death or disability. The nominee receives an extra sum assured on top of the base coverage for accidental death. In the case of disability, the policyholder may receive a lump sum or regular payouts to cover medical expenses and loss of income.

What are the advantages and disadvantages of opting for a 2 crore coverage?

Opting for a 2 crore coverage in a term insurance plan has several advantages, including substantial financial security for your family, the ability to cover significant debts and support for long-term financial goals.

However, higher coverage also means higher premiums, which may strain your budget. Qualifying for such coverage may require a thorough medical examination and detailed financial assessment.

What are the considerations for individuals with high-risk occupations when choosing a 2 crore term insurance plan?

Individuals with high-risk occupations should consider several factors, including the insurer’s underwriting policies for high-risk jobs, premium rates, and any exclusions or limitations related to their occupation. It’s essential to disclose job-related risks to avoid claim rejections. Opt for riders, such as accidental death and disability benefits, to provide extra protection.