Life
Five simple life insurance options to obtain insurance cover for your family at a low cost.
Flexible Term Life

The Flexible Term Life Series Plans consists of five distinct products which provide insurance cover in the event of loss of life. These products are addressed to people who need a specific insurance coverage for a predetermined period. They are not offered for savings or investment. In the event of death within the predetermined period, the Sum Assured is paid. Each product is described in detail below: 

Level Term: 

Offers insurance cover in the event of loss of life, with a fixed Sum Insured and premium throughout the Policy’s duration. The plan is offered for ages 18 to 75 years old and the duration is selected by the Policyholder. 

Decreasing Term

Offers insurance cover in the event of loss of life which decreases at each Policy Anniversary, so that at the Expiry Date of the Policy there remains no Sum Insured. The premium remains fixed throughout the duration of the Policy. The plan is offered for ages 18 to 75 years old and the duration is selected by the Policyholder. 

Level Term Plus

Offers insurance cover in the event of loss of life, with a fixed Sum Insured and premium throughout the Policy’s duration, while giving the Policyholder the option, upon expiry of the Policy, to purchase another life insurance policy from the Company, without the need to assess the Insured’s insurability, under the conditions stated in the Policy. The plan is offered for ages 18 to 69 years old and the duration is selected by the Policyholder. 

Level Up Term

Offers insurance cover in the event of loss of life. Cover is equal to the selected Sum Insured. The premium rate gradually increases throughout the duration of the Policy in accordance with the attained Age of the Insured, thus allowing for lower premiums at the inception of the Policy. The plan is offered for ages 18 to 70 years old and expires automatically at age 80.

Level Up Decreasing Term

Offers insurance cover in the event of loss of life. The Sum Insured decreases at each Policy Anniversary, at a predetermined rate in accordance with the duration of the Policy, so that at the Expiry Date of the Policy there remains no Sum Insured. The premium rate gradually increases throughout the duration of the Policy in accordance with the attained Age of the Insured, thus allowing for lower premiums at the inception of the Policy. The plan is offered for ages 18 to 70 years old and the duration is selected by the Policyholder.

 

The plans may be enriched with the following Additional Benefits:

  • Accidental Death
  • Accidental Deathor Permanent Total Disability due to an Accident
  • Permanent Total Disability
  • Level Up Permanent Total Disability / Level Up Accidental Permanent Total Disability
  • Level Up Decreasing Permanent Total Disability / Level Up Accidental Decreasing Permanent Total Disability
  • DisabilityIncome
  • Critical Illness
  • Waiver of Premium / Accidental Waiver of Premium

Find out more details about each of the above benefits.

Term Insurance is addressed to people seeking a specific insurance cover level, for a specific period of time at an attractive cost.

In the case of an unexpected death, it’s inevitable that the family will face serious financial consequences. Term insurance provides the policyholder's family with the necessary capital to confront all consequences and expenses.

Term Insurance provides a low-cost life insurance solution for a substantial insurance cover. The plan can be offered to people of ages between 15 years old and 65 years old. The scheme duration can range from minimum 1 year to maximum 45 years.

It offers no savings or investment elements and the level of cover is stable for the duration of the policy.

The plan can be combined with any of the supplementary benefits offered by the Company to cater for the policyholder’s individual insurance needs:

  • Dread Diseases
  • Accidental Death
  • Permanent Total Disablement
  • Accidental Death or Permanent Total Disability from Accident
  • Disability Income
  • Waiver of Premium

 Find out more details about each benefit

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