Life Assurance is all about putting your loved ones first. Our cover provides financial refuge in times of hardship and offers stability in their lifestyle, even when you’re gone.
Life Assurance is a contract between an insurance policy holder and the insuring firm [In this case, the firms Sumac Insurance Agency Ltd is acting for] where we promise to pay a designated beneficiary a sum of money [the benefit] in exchange for a premium, upon the death of an insured person [often the policy holder].
Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.
Life Assurance products available through Sumac Insurance Agency Ltd [SIAL] include the following;