Life Insurance

Life Insurance

  

Life assurance provides for the payment of a sum of money in the event of the death of the Life Assured. You may arrange a life assurance policy for protection, savings or a combination of both.


Products available in the market are designed to address various preferences.

 

  • Level Term

This is a relatively low cost life assurance policy issued for a predetermined period of time to protect your family from an early or untimely death, say in the case of the existence of long term financial commitments.

 

  • Convertible Term

A life assurance policy similar in scope as the Term Policy but that includes an option for you to convert to a with-profit Savings Plan at some point in the future.

 

  • Whole Life

You may arrange this type of policy that lasts for the whole of your life rather than for a preset term.

 

  • Decreasing Term or Loan Protection

In such a plan the Sum Assured chosen is reduced every year. Such a plan is usually issued to pay off your mortgage in case of death providing financial security for the family.

 

  • Child Policy

A child policy is designed to help parents and/or guardians to start a saving plan on behalf of their child.

 

  • Savings / Investment Life Plans

Various products are available on the market ranging from unit-linked equity investments exposed to Worldwide Stock markets to more conservative medium to long-term with-profit type of investment. Such policies can take the form of regular premium savings vehicles or single premium investment.

 

  • Combined Plans

This is a product that adjusts to your needs addressing protection, savings and retirement planning.