Term Insurance

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What is a Term Insurance policy?
A pure life insurance policy that guarantees a death benefit upon the death of the policyholder with the rates of payments and periods of coverages being fixed (10, 15, 20, 25 & 70 years).

Benefits to you or your family

  • An instrument of wealth transfer to your beneficiaries
  • Get coverage from early as 18 years old
  • Combined with a mortgage to protect your investment in a house
  • The lump-sum payment can cover funeral and other expenses
  • FREE inclusion to waive premiums if the insured becomes disabled
  • Affordable fixed premiums for large coverage

Types of Term Insurances

Straight Term Insurance Term Plus Decreasing Term
Fixed period of coverage Fixed period of coverage Fixed period of coverage
Fixed premiums Fixed premiums Premium payable for half of period coverage
Fixed amount of coverage Fixed amount of coverage Yearly reducing amount of coverage
  Refund of 25% of premiums at the end of the period of coverage  

Requirements to be insured

  • ID/Passport of the policyholder
  • Proof of Address
  • TIN
  • Birth Certificate if insuring a child under 14 years old
  • Medical Examination may be requested

Other customers also chose:

Whole of Life

Advanced Endowment

Straight Endowment