Term insurance, explained simply.

How does it work?

You choose a sum assured and policy term. If the insured person dies while the policy is active, the nominee may receive a payout, subject to exclusions and the insurer’s claims process. If the term ends without a claim, a pure term plan typically has no maturity benefit.

What should you consider?

Think about the income your family relies on, outstanding debts, existing cover, how long dependents may need support, and the premium you can sustain. Read current policy documents and disclose relevant information honestly.