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Term Life

Term Life insurance provides coverage for a specified period of time and can be renewable. The most common policy periods are one year; five years; ten years or until the insured reaches age sixty-five or seventy.

You are on: Flexi Term Series tab

Flexi term is one of the most cost effective term life insurance policies available. It pays the sum you select in the event of your death occurring during the period specified in the policy. It also has several options and benefits which you can customize to you situation. You also pay the same premium during the term of the loan. Flexi term Insurance can be used as a risk management tool for:

  • Business Planning
  • Keyman Insurance
  • Collateral Coverage
  • Mortgage Protection
  • Education Continuance

You are on: Xpress Life Tab

Xpress Life is term insurance with a number of extra benefits included.

Features and Benefits:

  • Hassle Free Coverage
  • You need not worry about lengthy medical requirements in order to receive Life Insurance cover. If you are looking for hassle-free life cover in an instant then Xpress Life is the answer. Once you truthfully answer 'No' to a few short questions on the application form you are on your way.
  • Optional Payment Periods
  • Premiums will be calculated based on age, gender and amount of sum assured. Premiums can be conveniently paid annually, semi-annually, quarterly or monthly using one of our payment options. No premiums are payable after 20 years.
  • Optional Coverage limits
  • Xpress Life can be purchased for a minimum benefit of $50,000 to a maximum of $125,000 in $25,000 bands. This excellent product is available for persons between the ages of 18 to 69.
  • Instant death benefit
  • Upon death, benefits are paid as follows:
    • Year 1: Return on premiums paid
    • Year 2: 50% of Sum Assured
    • Year 3 and above: 100% of Sum Assured
  • If death occurs after the policies first year, a maximum of up to $10,000 of the death benefit is advanced to assist with funeral expenses on the provision of the necessary documents.
  • Surrender Option: You have the option of surrendering your policy on its 21st year only at which time the surrender value will be a refund of all premiums paid.

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