Life insurance is a financial security for policy holders’ family or beneficiaries.
Of course, money cannot bring back the deceased person however the arranged life cover’s benefit for the family can provide the financial support to move on with the life a head facing the financial difficulties in the absent of policy holder.
This product designed to provide financial protection to the policyholder’s beneficiaries in the event of the policyholder’s death.
The purpose of life insurance is to provide financial support to one’s family or dependents in case of the policyholder’s unexpected death. It can help cover funeral costs, pay off debts, provide income replacement, and support the policyholder’s family’s ongoing living expenses.
Critical Illness cover pays out a lump sum on the diagnosis of certain life-threatening or serious illness like heart attack, stroke, cancer and major organ transplants. The specific illnesses covered by a policy may vary depending on the insurance provider.
Critical illness cover supports you financially if you're diagnosed with one of the conditions included in the policy. The tax-free, one-off payment helps pay for your treatment, mortgage, rent or changes to your home, such as wheelchair access, should you need it.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.