Life Insurance FAQs

There's a wide range of Life Insurance policies available depending with the insurance companies policy document. Life Insurance policies cover all causes of death, except for suicide and death as a result of intentional self-harm. This helps to ensure your loved ones are taken care of, financially, if you die. It's paid out in a lump sum to your beneficiaries.

Can an insured person pay premiums at once for the entire period of the policy (life policy) instead of monthly deduction by the employer?

Can an insured person have riders on their own life policy to include death of wife?

In life assurance can one buy more than one policy?

If I pay premium for five years then I die, who will be paid my policy benefits?

What is an endowment policy?

What is a funeral cover?

What is surrender value?

Do all life policies have surrender value?

How long does it take for a policy to acquire surrender value?

How much is paid back as a surrender value?

Why is surrender value not standard in the industry yet mortality table is standard

What are the different types of surrender value?

What are the effects of surrendering a policy early?

What is the process of surrendering a policy?

What are the options available to a policyholder considering to surrender their policy?

How can a life policy be reinstated when the insured has initiated to surrender the policy?