Life Insurance

What is Life Insurance?

Life insurance, also known as life assurance, is an essential form of financial cover designed to ensure your loved ones are financially protected after you die. It provides guaranteed peace of mind that if anything was to happen to you, you're family’s welfare would be taken care of after you are gone.

In the event of the policyholder’s death, it pays out a lump sum (known as the sum assured) to the beneficiary or beneficiaries of the policy.

There are, however, several types of life insurance and deciding on which type of cover you need can be tricky. That’s why we’ve put together an exclusive guide to help you understand the importance of life cover, what types of policies are available and which best suit your personal circumstances, the level of cover you require and the costs involved.