Life Protection
Life insurance is a financial agreement between an
individual (the policyholder) and an insurance
company, designed to provide financial protection and
peace of mind. Lump-sum payout to beneficiaries
upon the insured’s passing.
What It Covers:
Funeral Expenses
Outstanding Debts
Long-term financial security
Daily living costs
Types of Death Covered:
- Most natural and accidental deaths
- Some exclusions may apply (e.g., suicide within the initial policy period, high-risk activities)
