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