Life insurance policy protects those that have to carry on with life without you. It encourages savings which gives future benefit.
Through daily, weekly or monthly contributions. The sum insured is 2 X the total contributions on death.
This policy is a credit-linked life assurance scheme designed to pay off a borrower's outstanding loan in the event of default by death or permanent disability of the borrower. The plan may be extended to cover loss or damage to loan funded assets by fire or burglary.
