The Life assurance policy provides cover for the individual against loss of life caused by natural death.
This policy provides a stated lump sum benefit to the beneficiary of family of the assured individual who may die a natural death irrespective of the cause of death (excluding suicide ).
We wish all of you and your dearest long life and prosperity. Furthermore, life expectancy has and continues to increase so more and more people are living longer.
However, unfortunately death doesn’t always give us a warning and many of us have or plan to have offspring at some point. Moreover, you may be a single mother or father, married for several years, be a newlywed or engaged to imminently marry. Irrespective of which applies to you, life assurance can be used as a means of providing start-up capital/funds for a bereaved spouse, or child so that they can be protected in the event (God forbid) timely death occurs.
1) Name of the insured,
5) Number of years you would like to be covered for,
6) email address,
7) telephone number
8) Choose (tick the designated box) whether it is a Takaful/Islamic insurance product
The payment required to affect an insurance policy is called a ‘premium’ in insurance parlance. It is often payable in advance of the insurance policy being affected.
How are premiums calculated?
The premium payable is determined by the sum assured/benefit desired by the individual assured, his/her Age next birthday, Sex and Occupation at the time of proposing for the life assurance cover.
As long as you are honest about the details required to affect Life assurance, and honest in providing all the relevant info when making a claim, there’s no major reason for concern.
Typically, unsuccessful claims arise in the event of a customer committing insurance fraud or violating any terms of her/his insurance policy.