Life insurance covers your family or chosen dependents with a lump sum payout when you die.
What’s covered?
Life insurance covers:
✔ Death
Your loved ones will get a lump sum when you die.
✔ Terminal illness
If you’re diagnosed with a terminal illness with a life expectancy less than 12 months, you’ll receive the payout.
What’s not covered?
Life insurance may not pay out if:
✘ Your policy has expired
If your life insurance policy expires and you haven’t claimed, it won’t pay out to your family when you pass away.
✘ If you stop paying your premiums
If you don’t keep up with your payments, your cover stops.
✘ You die as a result of suicide
If you take your own life, your family might not receive a payout.