Protection Solutions

As the primary breadwinner of the family, you are responsible for shouldering the grand dreams you have envisioned for your family. In the eventuality that your family is forced to adapt to a world without you, they should be free of any additional burden of financial worries at the time.

Life insurance assumes your responsibilities of providing for your family, as planned, even in your absence. Your family’s financial security should be assured under all circumstances.

All you need to do to secure your family’s future is:

	Work out the amount of life cover you need considering your income, your family’s living expenses and your financial commitments towards your family
	Estimate the time period over which your family would be financially dependent on you

Term plans are suitable if you:

	Wish to separate your insurance and investment needs
	Have the discipline and knowledge to tailor your own independent investment plan
	Have good clarity on the time horizon of your financial responsibilities
	Seek an insurance plan without large premium commitments
	Have a specific time-bound liability to cover
	Do not intend to use insurance as a tool of wealth transfer to your next generation

Term plans are designed to fulfil the most basic and fundamental function of life insurance, which is the provision of life cover. A no-frills product that does not have any saving element or survival benefits, a typical term plan offers the benefits of getting a high life cover at a low cost. You also have the option of premature termination of the cover, if you feel that you have achieved your financial goals and do not require the cover anymore.