Term Life Assurance

Term Life Assurance

  • Affordable and used for protection
  • Provides benefit to the beneficiaries upon the death of the insured during the policy period.
  • Can be purchased individually or in group (the group, however, should be formed for a purpose other than for insurance.

Endowment Life Assurance

Endowment Life Assurance

  • 10,15,20……..Years Endowment
  • Used for protection and saving
  • Provides benefit to the beneficiaries upon the death of the insured during the policy period
  • Lump sum payment at the end of the policy period
  • Develops cash value after two/three years, which can be taken as a loan or surrender value.

Whole Life Assurance

Whole Life Assurance

  • Used for permanent protection
  • Premium can be paid for limited period of time or for as long as the life assured lives
  • Mostly used for family protection
  • Provides benefit to the beneficiaries upon the death of the insured during the policy period
  • Develops cash value after two/three years which can be taken as loan or surrender value.