Personal Insurances at a Glance
- Life Insurance
Pays a life insurance lump sum payout to your beneficiaries when you die.
- Income Protection Insurance
Provides a regular payment to you should you become disabled or sick and hence unable to work for a limited period of time.
- Trauma Insurance
Provides a lump sum payment to you in the event that you experience an illness or injury such as a heart attack or cancer.
- Total and Permanent Disablement Insurance
Pays out a lump sum in the event that you suffer a serious and significant disability that prevents you from ever working again.
- Key Person Insurance (Businesses)
This is a type of business insurance taken out by employers to provide a payout in the event that the business loses a key person through illness, injury or death.