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Why Life Insurance

Updated: Jun 22

Why do I need life and critical illness insurance?


Who will take care of my family if tomorrow something unfortunate happens to me? If this question bothers you, then Life Insurance is the answer. The only thing a man can buy on an installment plan, which his widow won’t have to repay after he dies, is life insurance. Of course, under any circumstances, the loss of a loved one is a traumatic experience, but if your family is also left without sufficient money to me​et basic living needs or prepare for future goals, then they will have to cope with a financial crisis as well. A Life Insurance plan ensures that your family is financially secure even if tomorrow you are no longer around to care for them. When life or disability insurance is actually needed, it cannot be purchased at any price. Your wife may object to life insurance, but buy it for your widow. Do you think she would object it? Life insurance is not an added obligation, it's the best means of meeting the obligations you already have.



Today, there is no shortage for investment options for a person to choose from. Modern day investments include gold, property, fixed income instruments, mutual funds and of course, life insurance. Given the plethora of choices, it becomes imperative to make the right choice when investing your hard-earned money. Life insurance is a unique investment that helps you to meet your dual needs - saving for life's important goals, and protecting your assets.


Critical Illness

Dr Marius Bernard said, "Medical science can save lives, but it can’t salvage lost bank balances. In other words, we will keep you alive, but we won’t provide the money to support you." When you are critically ill or disabled, would you prefer cash or sympathy? An year of illness can wipe away savings of 10 years.​


Critical illness covered are

1. Aorta graft surgery – for disease and trauma

2. Aplastic anaemia – resulting in permanent symptoms

3. Bacterial meningitis – resulting in permanent symptoms

4. Benign brain tumour – resulting in permanent symptoms

5. Blindness – permanent and irreversible

6. Cancer – excluding less advanced cases

7. Cardiomyopathy

8. Coma – with permanent symptoms

9. Coronary artery bypass grafts – with surgery to divide the breastbone

10. Creutzfeldt-Jakob disease – requiring continuous assistance

11. Deafness – permanent and irreversible

12. Dementia (including Alzheimer’s disease) before age 65 – resulting in permanent symptoms

13. Ductal carcinoma in situ of the breast – with specific treatment (partial payment)

14. Encephalitis

15. Liver failure – end stage

16. Lung disease – end stage/respiratory failure – of specified severity

17. Heart attack – of specified severity

18. Heart failure

19. Heart valve replacement or repair – with surgery to divide the breastbone

20. HIV infection – caught in a specified country from a blood transfusion, a physical assault or work in an eligible occupation

21. Kidney failure – requiring dialysis

22. Loss of independent existence – resulting in permanent symptoms

23. Loss of hands or feet – permanent physical severance

24. Loss of speech – total, permanent and irreversible

25. Major organ transplant

26. Motor neurone disease

27. Multiple sclerosis – with persisting symptoms

28. Open heart surgery – with surgery to divide the breastbone

29. Paralysis of limbs – total, permanent and irreversible

30. Parkinson’s disease before age 65 – resulting in permanent symptoms

31. Primary pulmonary arterial hypertension – resulting in permanent symptoms

32. Stroke – with permanent symptoms

33. Systemic lupus erythematosus – of specified severity

34. Third-degree burns – covering 20% of the body’s surface area or 50% of the face’s surface area

35. Traumatic head injury – with permanent symptoms

36. Children’s critical illness


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