The most affordable way to protect your family's income.

Term assurance is pure life cover for a fixed period. If the worst happens during the term, your beneficiaries receive the full sum assured. No savings element, no complexity, just maximum protection at the lowest cost.

What Term Assurance is

Term Assurance is designed for one job: providing a financial safety net for your loved ones when they need it most.

What it is:

Cover for a fixed period, typically 5, 10, 15, or 20 years. If you die during the policy term, your beneficiaries receive the full sum assured. If you outlive the policy, the cover ends with no payout.

What it costs:

Term assurance is the most affordable type of life cover because it provides pure protection with no savings component.

Who it is for:

Anyone who wants maximum cover at the lowest cost. Especially suited to parents with young children, people with mortgages, and breadwinners who want to protect their family's income during their most financially vulnerable years.

What it covers:

• Death during the policy term (any cause, subject to policy terms)
• Some plans include terminal illness benefit, paying out early if a terminal diagnosis is made
• Optional rider benefits: personal accident, permanent disability

How Term Assurance Works

Choose your sum assured and term

A common starting point is 5 to 10 times your annual income. Pick the term that matches the years your family is most financially dependent on you.

Complete your application

Answer health and lifestyle questions so the cover can be priced for your situation.

Pay your premium

Premiums can usually be paid monthly, quarterly, or annually. Cost depends on your age, health, sum assured, and term length.

Name your beneficiaries and your cover begins

Tell us who should receive the payout, and make sure they know about the policy. Once your first premium is paid and the policy is issued, your beneficiaries are entitled to the full sum assured.

Q&As

Frequently asked questions

How much term assurance do I need?

A common rule of thumb is 5 to 10 times your annual income, enough to cover your family’s living expenses for several years, pay off debts, and fund long-term goals. The right amount depends on your obligations and your dependants.

What happens if I outlive the term?

The cover ends with no payout. Term assurance is pure protection, which is why it costs less than an endowment plan. You can usually renew or take a new policy if you still need cover.

What documents does a beneficiary need to make a claim?

Typically: a death certificate, the original policy document, proof of the beneficiary’s identity, and a completed claim form. Our claims team guides beneficiaries through the process step by step.

Maximum protection, lowest cost. The simplest way to cover your family.

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