INSURANCE

Insurance Protection is nothing but a Risk Management Tool.

Plans that protect against death or illness are the foundation to all financial planning. There are many types of plans available, many of which can be used to complement each other. Our aim is to ensure that you can continue to live a full life if you were to suffer a long term illness and that your family can survive without financial worries if you were to die prematurely.

With many different types of protection plans available and numerous options provided within each product, it is essential that you discuss your needs with one of our financial adviser.


What Does Insurance Do?

Life cover may be required on your early death to repay a mortgage and provide sufficient funds to assist your family financially.

Income Protection may be needed to provide replacement income if you are unable to work for a long period of time due to illness or injury.

Critical Illness cover can provide a lump sum benefit on diagnosis of a serious illness. This could allow you to repay the mortgage or adapt your home if required.

Types of Insurance:

1-Life insurance

Life Insurance provides lump sum benefit to the heirs of the insured in case of death.

Life Insurance Types

1. Term life (Temporary for certain period)

2. Mortgage Insurance (Decreasing term -Temporary for mortgage amortization period)

3. Whole life (Permanent for life and may be participating or non participating)

4. Universal life (Permanent for life with investment component)

2-Critical illness insurance (Living Benefits Insurance)

CI is designated to manage the risk associated with contracting certain dreaded diseases. It pays the lump sum benefit to the insured if the insured is diagnosed with any critical illness covered in the policy.

In critical illness you can have the option to get all your money back if you stay healthy during the term of policy.

CI can usually cover the following diseases:

  • Cancer
  • Heart attack
  • Paralysis
  • Alzheimer's
  • Severe rheumatoid arthritis
  • Severe Burns
  • Parkinson’s disease
  • Loss of limbs
  • Occupational HIV Injury
  • Motor Neuron Disease
  • Stroke
  • Heart Bypass Surgery
  • Blindness
  • Insulin dependent diabetes
  • Deafness
  • Kidney failure
  • Multiple sclerosis
  • Paralysis
  • Comma
  • Major organ transplants
  • Other particular to each insurer

3-Disability Income Insurance

Disability Income Insurance Provides a steady, monthly income to those who are unable to work (disabled) because of accident or sickness.

In disability income insurance, you have the option to get all your money back if no claim has been made during the term of policy.

  • Individual and Group Disability Insurance Plans
  • Short Term Disability Insurance
  • Long Term Disability Insurance
  • Key Person Disability Insurance

4-Long Term Care Insurance

It provides benefits for:

  • Home health care
  • Chronic-care e.g. Nursing home
  • Medical equipment
  • Respite care
  • Hospice care
  • Adult day care

5- Accident and Sickness Insurance Plans

It includes:

  • Extended Health Care (Major Medical In group plans)
  • Travel Assistance
  • Prescription Drugs Plans
  • Dental Plans
  • Accidental Death and Dismemberment plans