|
What is Life Insurance?
The main purpose of Life Insurance is to offset the burden of financial consequences to the family in case of breadwinner's early death.
How much Life Insurance do I need?
Three to Five times your annual income is needed for the life insurance
What is the difference between Whole Life and Term Insurance?
Whole Life provides a combination of insurance protection and cash accumulation for the Policyowner. Meanwhile, Term Insurance provides insurance protection without a cash accumulation.
What should I consider in naming Life Insurance beneficiaries?
Various relationships such as those established by blood, marriage or some business situations and those who suffer financial loss in case of your death.
Does it make sense to replace a policy?
In very exceptional cases, it may be advisable for Policyowner to drop an old policy in favour of a new policy.
What is a Term Life Insurance?
The way Term Life insurance works is just like renting a life insurance estate for a limited period of time. It is just a protection plan without any cash value.
What premium payment options do I have?
The premium clause allows you to pay annually, semi-annually, quarterly or monthly and provided that the payment is not less than the minimum permitted by the company.
What factors affect the price of my policy?
The major factors are Age, Sex, Plan, Insurance period, Sum Assured and the current health position.
What happens if I stop paying the premiums?
Unless certain restrictions apply, the Policyowner has the right to reinstate the lapsed policy.
What is "Waiver of Premium" or "Premium Protection"?
It is an additional benefit which could be added to Life Insurance policy that waives all the Policy owner's obligations of future premium payment in case of permanent disability.
| 
