Personal Life Insurance
Personal life policies are tailored towards the payment of a lump sum in case of accidental or natural death.
A personal accident cover caters for accidental death only and personal life takes care of natural death.
Group life policies are arranged by employers for their employees. The benefits range from 2 to 6 year annual salary.
The following is the scope of the cover:
- Death
- Permanent total disability
- Critical illness
- Funeral expenses etc.