Life Insurance

  • Credit risk life insurance - A type of insurance, often bought by mortgagors, in which the amount of the policy matches the loan balance at any given time; designed so that the loan will be paid off in full in the event of death.
  • Disability insurance - Insurance policy that pays benefits in the event that the policyholder becomes incapable of working. The insurance benefit provides for keeping the living standard.
  • Endowment life insurance - A type of life insurance that is payable to the insured if he/she is still living on the policy's maturity date, or to a beneficiary otherwise. The amount of the policy is increased by the participation on insurance company results.
  • Investment life insurance - A life insurance policy which in addition to providing a benefit upon the death of the policy holder, also accumulates cash value over time that can be invested in specific investment instruments (shares funds, stock indexes etc.) enabling benefits and significant yields to be paid out before death.
  • Term life assurance - A life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit, unlike an insurance policy which allows investors to share in returns from the insurance company's investment portfolio
  • Children insurance - endowment life insurance policy designed for your children. The benefit is typically paid off on the adulthood.
  • Health insurance - Insurance against loss by illness or bodily injury. Health insurance provides coverage for medicine, visits to the doctor or emergency room, hospital stays and other medical expenses. Policies differ in what they cover, the size of the deductible and/or co-payment, limits of coverage and the options for treatment available to the policyholder.