Life Assurance provides a monetary benefit (the sum assured) to a named beneficiary upon the demise of the life that has been insured. The policy may be for a specified duration or the entire life of the person insured by the policy.
Group Life/Accident Insurance
This policy ensures specified benefits are paid to beneficiaries upon death of insured person whilst in service. Benefits can be fixed amounts or can be based on earnings of the persons covered.
Family Funeral Plan
Family Funeral Plan covers the funeral costs of the insured. Moreover, the policy may also cover related expenses