Life Insurance

Life insurance offers people the most efficient and economical method of achieving financial security.

Life insurance or life assurance is a contract between a policy owner and an insurer, where the insurer agrees to pay an insured’s designated beneficiary a benefit upon the occurrence of the insured individual’s death or other event, covered by the policy such as terminal or critical illness occurs. In return, the policy owner agrees to pay a stipulated amount called premium, at regular intervals or in lump sums.