Life Insurance

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary an agreed sum of money upon the occurrence of the insured person's or persons death in return for the payment of a premium.

It is important to understand that the policy owner or beneficiary may be different to the Insured Person, however in such circumstances an insurable interest has to be determined, such as a bank’s interest in the Insured Person following the provision of a loan, or the interest of a dependent spouse on the earnings of a partner for the financial security of the family.

To be a life policy the insured event must be based upon the lives of the people named in the policy, the Life Insureds. Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. often written into the contract to limit the liability of the insurer; for example, claims relating to suicide, fraud, war, riot and civil commotion.

Examples are 
 

• Lifetime Needs Plan
• Funeral Finance Plan
• Financial Provider
• Study Provider
• Pension Provider
• Family Funeral Provider
• Master Plan

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Other Listed Products

Motor Insurance

There are various Motor Vehicles insurances for all categories of vehicles - Cars, Trucks, Tankers, Pick Ups and Forklifts.

Home Owners Comprehensive

This policy insures your company against loss or damage to property as a direct result of fire out break, lightning or explosion.

Personal Accident

The policy is suitable for Executive or Senior personnel of your company or organization.

Life Insurance Policy

Life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay an agreed sum of money upon the occurrence of the insured person's death in return for the payment of a premium.