Universal Life - Term Insurance

Universal Life - Term Insurance
Universal Life - Term Insurance

Term Insurance by Universal Life offers you the opportunity to have high coverage by paying a low premium, in case of loss of life from any cause during the term of the policy.

The following choices are available:

  • Term insurance: High coverage with a low premium.
  • Term insurance with single premium: Payment of premium as a lump sum when policy is issued, thus securing its unhindered operation until its expiry. This option offers no additional benefits.
  • Decreasing term insurance: The sum assured is reduced on each policy anniversary using a predetermined factor. This option offers no additional benefits.
  • Decreasing term insurance with single premium: The sum assured is be reduced on each policy anniversary using a predetermined factor. The premium in this plan is paid as a lump sum when the policy is issued, thus securing its unhindered operation until its expiry.
  • Term insurance renewable and convertible: The policy is renewed for a further period equal to the initial period without evidence of insurability, provided that the maturity date of the new policy is not be later than the policy anniversary which follows the life assured’s 70th birthday. Also, it enables the policyholder to convert the policy to a whole life insurance policy.

Additional Benefits:

  • Accidental death
  • Permanent total disability
  • Disability income
  • Waiver of premium
  • Serious disease


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