Life Business

Life insurance is a type of insurance that guarantees the payment of a specific sum of money to a designated beneficiary upon the death of the insured or to the insured if he or she lives beyond a certain age or is disabled.

Group Life Assurance

The primary objective of this cover is to provide life insurance for employees. This type of assurance is for a large group of employees insured under a single contract arranged by the employer. It is to secure a pension scheme for employees at retirement or in the event of death before retirement age.

Individual Life Assurance

Life assurance policies which may be used for various reasons including family protection, loan protection or estate duty. This life assurance policy is payable at the death of the insured whereby a lump sum is paid out to the beneficiaries.

Critical illness policies

This policy covers the insured against life-threatening critical diseases. This benefit is payable upon diagnosis of a specified condition during the policy term. Critical illness covers diseases like cancer, organ transplant, heart attack, stroke, renal failure, and paralysis, among others.

Funeral Cover

With an affordable funeral cover, one can ensure that one will have a dignified funeral. This policy will pay a lump sum of money on the death of a member or beneficiaries. The money can be used to cover for funeral expenses.

Disability cover

This cover can be taken out alone or can be taken together with benefits like accident cover, dread disease covers physical or functional impairment. A lump sum is paid out as soon as the disability is declared.

  • The sum assured for disability policies will be paid upon total or permanent disablement of the life assured during the period of insurance.

Credit life Policies

This type of policy designed to pay off a borrower's outstanding debts if the borrower dies. The face value of a credit life insurance policy decreases proportionately with the outstanding loan amount as the loan is paid off over time.