It is an insurance cover that will provide lump sum payment known as death benefit to the beneficiaries of the policyholder upon death of the insured. The money received can be used by beneficiaries to meet expenses like paying for school fees, buying a home or paying bills.
Why do I need life insurance?
Life insurance ensures that your loved ones are financially supported in the event of unforeseen circumstances such as death, disability or terminal illness
What are the benefits of having life insurance?
Life insurance offers peace of mind, knowing your family will be financially secure. It helps cover big expenses like mortgages and provides funds for future needs like education or retirement
What document will I get after buying life insurance?
After buying a life insurance policy, you will receive a policy document which is a written contract of insurance between the insured and the insurer. It contains terms and conditions of the insurance cover as well as the risks covered. Ensure you read and understand the contents of your policy document.
