Life Insurance

Basic Life Insurance coverage has been developed to provide lump sum payments to an insured’s family in the event of his or her death. This basic intention has developed over time to provide alternative choices for an insured person and to include additional coverage for disabilities and illnesses.

Term Insurance provides cover to an insured person for a specified term only or specific period of time (perhaps one year). As benefits are only payable if the insured person dies during the period of cover, Term Life Insurance is one of the cheapest forms of life insurance as the insurance period will often pass without a claim.

An Endowment Plan provides for the payment of the face amount at the end of a specified term or an earlier death. Technically this type of cover is a combination of both term insurance and pure endowment.

Whole Life Insurance quite literally will run for the whole of one’s life and the face amount is payable when the insured dies, whenever that might be.

Universal Health Insurance provides greater flexibility and choice to the insured person with flexible premiums and adjustable benefits.

The value of investment linked long term policies is directly associated or linked to the performance of investments that have been purchased with the premiums that have been paid. This type of cover is essentially an investment plan providing diversified option for investors.