Since 1987, the Commercial Insurance Brokers (Pvt) Ltd has been serving policyholders – protecting businesses, loved ones, valuable assets and mitigating losses.
This risk against life is covered and is a simple contract, which provides a lump sum payment (called Sum Assured) in the event of death or disability, for a periodical payment (called Premium). Broadly there are three types of life insurance policies on offer.
Premiums paid for a selected period and after the selected period the Sum Assured and any bonus declared is paid. In the event of death within the selected period, the Sum Assured and bonus declarations are paid to the nominee.
Endowment plans are life insurance policies that will provide maturity rewards at the end of the term as well as ensuring a person's life in the case of a calamity. They are intended to pay a lump sum payment at the end of a set period of time, known as maturity.
Premium payable until death when the Sum Insured is paid to the nominee at death along with any bonus declarations.
This is one of the best offer for the clients obtaining housing loans, as such are covered under Mortgage Protection Policy, which immensely helps to prevent the debt being passed on to the Insured’s heirs, in the event of his/her death.
Insurance covers extended to employees of a Company have many far reaching advantages providing for Life, Health and Disability as a blanket cover to a group of employees, so that the members of the family will be in “peace of mind” with confidence that the Company takes care of them
One stop shop for all insurance requirements
Competitive premium discounts
Assistance at a time of an accident/claim
Personalized, professional service
Market trends & options
Most people do, but not everyone. If no one depends on you financially, if you have no debt and would leave an estate with enough cash to pay its own taxes and expenses, you probably don’t need life insurance. If you do not meet these criteria, you probably will need individual or family life insurance.
There are two important questions to ask:
Then subtract your survivors’ financial resources
(step #2) from their financial needs
(step #3) to determine how large a policy to buy. Many people are underinsured, often because they skip these steps or take a shortcut (such as simply buying a multiple of annual income). For more help in determining the right amount of life insurance,
Some types of life insurance policies include a savings feature that can be used for purposes other than paying death benefits.
Essentially, there are three types of life insurance policies—term life, whole life and universal life. If you need the insurance for only a specific period of time, or are on a limited budget, a term policy, which has lower premiums, may be a good fit. If, however, you need the insurance for as long as you live and want to accumulate savings, a whole or universal policy may be a better choice.
There are two that you should consider—waiver of premium and guaranteed insurability. Some policies come with one or both included with the basic contract but, if not, it is generally a good idea to add them. Waiver of premium pays the life insurance policy premium for you if you are disabled. Guaranteed insurability permits you to add to the death benefit without providing additional evidence that you are in acceptable health.
There are many ways to save money when buying life insurance, but they don’t always entail paying a lower premium immediately. That said, life insurance is a very competitive business so quotes can vary significantly between companies.
In most cases, it is better to pay annually rather than in installments because there is often a relatively large additional charge for paying smaller amounts more frequently.
Once the policy is issued, inform your beneficiaries the company that issued it, where to find the paper copy of the policy and any specifics about what you want them to do with the death benefit. While is rare for people to be unaware they are the beneficiary of a life insurance policy, it does happen and you want to make sure that the benefit will not go unclaimed. And store your documents so that they can be easily accessed by your beneficiaries.
All transactions will be done electronically, adhering to the regulatory guidelines & the Guidelines provided by the Ministry of Health
Payments can be done via our payment gateway, on line transfer, credit card or direct bank deposit.
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