Life Insurance

Credit Card Protection provides complete security for all of your credit cards. It provides you and your family with peace of mind in the unfortunate event of death or total permanent disability. You can sign up for a Credit Card Protection at a very affordable fee that will be automatically charged to your credit card on a monthly basis. This insurance coverage will be based on your credit card limit, where 33 cents is charged monthly for every BND1,000 of credit card limit.

Term insurance is suitable for individuals who need insurance coverage for a specific period of time (e.g.,mortgage coverage) – or who need a large amount of life insurance at the lowest possible cost. Term insurance builds in no cash value and if the insured dies during the term, the death benefit will be paid to the beneficiary. At the end of the term period, some term insurances allow for renewal and/or conversion to a permanent life insurance policy without having the need to go for a medical examination.

Whole life insurance provides coverage for your entire life and is a good choice for long-term goals. The coverage continues as long as timely premium payments are made. With level premiums, a whole life insurance policy guarantees death benefits and accumulates policy cash values.

In some cases, whole life policies may also be entitled to policy dividends declared from the insurer’s surplus, which resulted from earning an additional amount of interest after a specific period of time. Policy dividends and excess interest payments are NOT guaranteed.

An endowment is a long-term savings policy, that runs for a fixed period of time. It helps you to accumulate savings while providing some protection coverage. It is important to note that endowment insurance plans mature at selected tenors and provide relatively lower coverage. A choice of 18, 21 and 24 years endowment plans are available for selection.

Supplementary benefits give you the freedom to enhance your basic insurance coverage to suit your specific needs. With additional premiums, you can decide to add-on riders and enjoy a wider coverage to protect against accidents, hospitalisation and surgery, critical illness or payor benefits.

Credit insurance is an insurance policy associated with a specific loan or line of credit which pays back some or all of any money owed should certain things happen to the borrower, such as death or total permanent disability. This coverage will help relieve the family’s financial commitment or stabilise their finances in the absence of the main breadwinner.

Owning your own home gives you and your family a sense of security. Mortgage Insurance provides life coverage for individuals or two joint homeowners, to safeguard your home and family against the possibility of losing your home. This plan takes care of unpaid home repayments, should death or total and permanent disability happen to any of the homeowners.