Life Insurance
Life insurance is a type of policy that provides your loved ones with a cash pay out if you pass away during a set period of time.
There are different types of life insurance available to meet varying needs and the monthly cost will depend on your individual circumstances.
Making a claim is a simple process and the pay out can be used by your loved ones to help clear a mortgage, pay bills and cover living costs.
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How does life insurance work?
Choose a policy
Customise your policy and choose how much you'd like to leave behind
Apply
Choose who receives a payout, naming loved ones or even nonprofits
Enjoying peace of mind
If you pass away during the policy term, your loved ones can make a claim and receive a cash lump sum payment to help them manage financially.
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Why get life insurance?
Life insurance is designed to protect the financial future of your family.
If you were to pass away unexpectedly, could your loved ones afford to:
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Keep up to date with mortgage or rent payments?
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Cover bills & everyday family living costs?
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Pay for additional childcare or take time off work to care for children?
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Pay for your funeral?
It could be a good idea to get life insurance cover if:
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You have an outstanding mortgage or other unpaid debts
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You have dependents, such as a partner and/or children, who rely on your income to cover financial commitments
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You don’t have death in service benefit through your employer, or the death in service benefit you’re entitled to isn’t sufficient for your needs
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You want to leave an inheritance for your children or grandchildren
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You want to contribute towards your funeral costs for peace of mind
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The type of life insurance you choose and how much cover you secure will determine the amount that’s paid out to your loved ones if you were to pass away.
Frequently
Asked
Questions
What is Life Insurance?
Life insurance is a type of policy that provides your loved ones with a cash payout if you pass away during a set period of time. The payout is designed to help your family manage financially after your death.
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How does life insurance work?
Life insurance works by allowing you to choose a policy, customise the cover amount, and select who will receive the payout. If you pass away during the policy term, your loved ones can make a claim and receive a cash lump sum.
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Who receives the life insurance payout?
You can choose who receives the payout when you set up your policy.​
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What can life insurance be used for?
The payout from a life insurance policy can be used by your loved ones to help:
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Clear a mortgage
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Pay bills
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Cover everyday living costs
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Contribute towards funeral costs
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Why might someone need life insurance?
Life insurance is designed to protect the financial future of your family. It can help ensure your loved ones are financially supported if you pass away unexpectedly.
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How do I apply for life insurance?
You can apply by choosing a policy, customising your cover, and selecting your beneficiaries. Once the application is complete, the policy will be active for the chosen term.
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Can I customise my life insurance policy?
Yes. You can adjust your cover amount and choose the length of your policy to suit your needs.
What happens if I don’t pass away during the policy term?
Life insurance only pays out if you pass away during the policy term. If this does not happen, no payout is made.
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Does life insurance include any additional benefits?
Some policies may include additional features such as access to online doctor services and on-demand fitness or training programmes, depending on the provider.
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What is the minimum and maximum age for life insurance?
Life insurance is available to applicants aged between 18 and 70.​
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Do you have a question about life insurance?
Submit your question here