Term Life insurance is a common, costeffective policy due to its comparatively low premium, depending on the age of the insured person. Clients are covered as long as they pay the premium. Clients’ beneficiaries receive benefits upon the death of the insured.

An Endowment Plan is a life insurance policy that combines savings and a death benefit. Part of the premium a client has paid forms a cash reserve. If a client surrenders the policy, they can get the cash reserve back. If the insured person dies, the beneficiaries receive the death benefit.

Universal Life is a flexible, premium life insurance policy to help high net worth individuals grow, preserve and transfer their wealth to the next generation. Clients can also modify the death benefit amount while the policy is in force, and the amount of premium can be varied.

A Critical Illness Plan allows the insured person to receive the benefit while they are still alive. It covers a wide range of critical illnesses suffered by the insured person. The benefit amount is paid for covered illness after medical proof is given, and if the insured person passes away, a death benefit is paid to the beneficiaries.

There is a wide range of Medical Plans, from affordable to high end. The latter can offer a protection limit of more than USD6 million over a lifetime.