Life & Serious Illness Cover

Life cover, or life insurance, is a financial product that provides a sum of money to designated beneficiaries upon the policyholder’s death. 

It aims to offer financial security to the deceased’s dependents, helping to cover expenses such as funeral costs, debts, and living expenses. 

Policies can vary, with options for term life insurance (coverage for a specific period) or whole life insurance (coverage for the policyholder’s entire life). 

This is a type of policy called a protection plan. 

Serious illness cover, also known as critical illness insurance, is a type of insurance policy that provides a lump sum payment if the policyholder is diagnosed with a specified serious illness, such as cancer, heart attack, or stroke. 

This payout can be used to cover medical expenses, rehabilitation costs, or to support the policyholder’s family during their recovery period. 

The coverage typically includes a list of conditions defined by the insurer. 

This is a type of policy known as a protection plan.