Individual Life has several, customized options specifically tailored for various individual requirements and needs at various stages in life. The life insurance market has many variations, but the basic policies involve Whole Life Assurance, Educator, Investment Provider, and Term Assurance.

Whole Life Assurance – This is a life insurance policy which is guaranteed to remain in force for the insured’s entire lifetime provided the required premiums are paid, or to the maturity date. Premiums are fixed based on the age of the insured and usually do not increase with age.

The insured party normally pays premiums until death, except for limited pay policies, which may be paid-up in 10 years, 20 years, or at age 65. Sum Assured is payable in full upon the death of Life Assured.

Children Educator Insurance – The educator is a combination of insurance protection and savings to provide funds to pay for your child’s education expenses. It is designed to coincide with your child’s school fees requirements in secondary school and college.

Investment Plan – This is an investment policy which offers you the opportunity to earn good returns while providing you with life insurance protection cover. The benefits of this savings scheme is that it offers superior returns, flexibility, affordability and insurance protection, whether saving for a child’s education, creating a fund to buy your new home, or building your house, or simply to diversify your investment options.