Pure risk life insurance, also known as term insurance, is a type of life insurance that focuses solely on providing a death benefit to beneficiaries if the insured person passes away during the policy term. It doesn't include any investment component, making it a more affordable option.

Here are some key advantages of pure-risk life insurance:

1. High Coverage at Low Premiums: Term insurance offers substantial coverage at lower premiums than other life insurance types due to its focus on risk protection.
2. Flexibility: You can choose the policy term and coverage amount based on your individual needs and budget.
3. Financial Security: Term insurance ensures your dependents receive financial support in case of your untimely death, covering living expenses, debts, and future financial obligations.
4. No Maturity Benefit: The absence of a maturity benefit keeps premiums low and focuses on the core purpose of risk protection.
5. Tax Benefits: Premiums paid for term insurance are tax-deductible, and the death benefit received by beneficiaries is tax-free.
6. Enhanced Coverage with Riders: You can add optional riders for critical illness, accidental death, and more, customising the policy to your needs.
7. Easy to Understand and Purchase: Term insurance is simple to understand, with no complex investment components, and can be easily purchased online.