Life Insurance

Life Insurance is a policy that pays out an amount of money if the covered person dies.

Two types of Life Insurance:

  • Term Life Insurance: covers for a specific amount of time, for example, 15 or 20 years. These policies pay out if the person covered dies within that period.
  • Whole Life Insurance covers the whole of life, and these policies payout whenever the person covered dies.


This policy covers:

  • Death any Cause-DAC
  • Accidental Death Benefits
  • Critical illness plan:
    • Permanent Total Disability-PTD
    • Permanent Partial Disability-PPD
  • Retirement insurance