Life Insurance

Term Life Insurance
Term life insurance covers the risk of death over a limited period of time. It could be for personal protection or to cover a bank loan. When life is for personal protection; the family members will be the beneficiaries, and when it is to cover a Bank loan, the beneficiary will be the Bank or the lending financial institution.

Accidental death and Partial Permanent Disablement:
In case of accidental death, the insurance company will be liable to pay to the beneficiaries double the sum insured subscribed for life insurance. Partial Permanent Disability (PPD) due to accident covers the loss of use of any part of the body, for a period of six months and more.

Passive War Risk:
Death or permanent disablement due to war risk is not covered under time life, unless the passive war option is chosen.

Waiver of Premium:
With this cover and in case of total and permanent disability for a period of no less than three consecutive months, the Company shall pay the premium on behalf of the insured until end of the period subscribed for.