Life insurance is a contract between you/the Insured, (also known as the Policyholder) and the Insurance company/insurer; wherein the latter guarantees payment of the benefit payable on a policy to named beneficiary (ies) in line with the insurance contract.

Annuity is a contract between you (also known as the annuitant) and the Insurance company / insurer; wherein you (the annuitant) make a lump sum payment or series of payments and in return obtain regular income, beginning either immediately or at future date.

Yes, you do. This will provide financial protection for your dependants and loved ones in the event of the unexpected. It guarantees the income, earnings, dependants’ livelihood, children’s education, mortgage security etc.

The main types of life insurance are Term Assurance, Whole Life Assurance and Endowment Assurance.

A life insurance claim can be made at any time in line with the policy conditions. The benefit payable varies in relation to the type of policy taken up. Some examples are below:

• A Term Assurance benefit is payable to a beneficiary only when the life assured dies during the period of the policy.
• Whole Life Assurance policy benefit becomes payable to a beneficiary of the life assured whenever death occurs.
• An Endowment Assurance benefit is payable at maturity or in the event of death. A surrender value benefit is also payable before the maturity date subject to policy conditions being satisfied.

This is the amount a policyholder will get if they decide to terminate their policy before the maturity date. However, this is subject to the policy having been in force for at least two (2) years and payment of at least two (2) years premium. This provision when available, will be contained in your policy.

Your policy needs come first. Next, consider the life Insurance company’s quality and service experience, amount of claim reserves, capacity to meet claim obligations, flexibility and financial rating.

Yes, you can have several life policies in place at the same time.

The amount of life cover you need depends on your income and expenses, financial needs of your dependants, and other liabilities (e.g., debts).

Underwriting is the process by which a life insurer decides whether or not to accept a proposal for life insurance and at what premium and policy conditions.

Yes, you can. However, your sum assured will be below the Non-Medical Limit.

This is the amount of cover which a policyholder can have without being required to undergo a medical checkup. The medical check-up is at no cost to the insured.

When your policy lapses, you may have it reinstated within one year of the due date of the last premium payment; subject to the provision of satisfactory evidence of good health. In addition, you will be required to pay all outstanding premiums with interest (to be determined by the company) before your policy can be reinstated.

Yes, you can change the frequency of your premium payment.

Yes, you can.

Yes, you can. However, the benefits would be administered through our welfare scheme, a Trust, or a nominated contingent beneficiary.

Please follow the procedure below:

• Select a product of your choice and click the ‘Get A Quote/ Buy Now’
• Fill in your Personal Information.
• Enter other relevant information requested and click Submit

A representative will reach out to you to help you complete your request.

The company’s financial statements are published on Financials page of our website.