TERM LIFE Insurance
TERM LIFE Insurance
TERM LIFE INSURANCE: Financial Safety
TERM LIFE insurance provides coverage for a specific period .It offers a fixed death benefit and premiums that remain constant throughout the policy term.
Eligibility and Coverage Period:
Entry Age: Applicants must be between 20 and 64 years old at the time of enrollment.
Coverage Duration: The policy can remain active up to age 74.
Policy Term: The maximum policy period is 30 years, depending on the age at entry.
Cover:
Death (any causes)
Additional Covers:
Permanent Total Disability PTD (any causes) cease at age 65.
Permanent Partial Disability PPD (any causes) cease at age 65.
Passive War Risk (Death Acc. +PTD Acc. +PPD Acc.) (Currently not applicable)
Accidental death (double indemnity)