Term Life Insurance
CommonPure life cover for a chosen term, usually without a maturity payout.
Often considered by
People whose family, loans or long-term goals depend on their income.
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Protect the people who depend on your income.
8 plan types explained. This is an educational guide; the issued policy wording controls the actual cover.
Life cover can provide financial support to your nominee if you die during the policy term, while some plan types also combine long-term savings or retirement benefits. Benefits, returns and exclusions depend entirely on the issued policy.
Plan types
Choose a type to understand its purpose, usual structure and the wording you should check.
Pure life cover for a chosen term, usually without a maturity payout.
Often considered by
People whose family, loans or long-term goals depend on their income.
Long-duration life cover that can continue up to the age stated in the policy.
Often considered by
People seeking long-term estate or legacy protection.
Life cover combined with a maturity benefit under the policy terms.
Often considered by
Conservative savers who also need life cover.
A savings-linked life plan with scheduled survival payouts.
Often considered by
People who prefer planned payouts during the policy term.
Life cover with market-linked investment funds and charges.
Often considered by
Long-term investors who understand market risk and policy charges.
Life and savings benefits designed around a child’s future milestones.
Often considered by
Parents building a protected long-term education corpus.
Accumulation or annuity products intended to create retirement income.
Often considered by
People planning income after retirement.
Life cover issued to eligible members of an employer or defined group.
Often considered by
Employers, associations and other eligible groups.
Before choosing
Check exactly which events are covered, the overall limit, sub-limits and deductibles.
Read what is not covered and when cover begins. Marketing summaries are not the contract.
Review claim notice rules, required evidence, cashless or reimbursement terms and grievance routes.
Keep the proposal form, benefit illustration where applicable, payment receipt and final policy schedule. Never rely only on a verbal promise.