Sponsored Content: Prime Life Insurance started operations in 2010 and has provided affordable insurance products for both personal and group policies. Prime Life Insurance offers a wide range of protection and retirement plans including child education, pension for retirement planning and savings. Education endowment assurance policy What is an education endowment assurance policy? Successful parenting is no mean accomplishment. A huge contributor to this success is financial planning for your child’s future needs at the right age. Prime Life Education policies help you save steadily over the long term so that you can secure your child’s future needs. Why is it important for you? In the event of your untimely death the PRIME Life Insurance Education policy ensures that the funds are made available to your child(ren) as originally planned. With an attractive return, the product has been re-designed to suit the current education system which guarantee the nursery, primary, secondary or university fees for your child(ren). Funeral cover policy What is a funeral cover policy? Prime funeral cover is an insurance policy aimed at covering funeral expenses. You can protect yourself and your family by paying a small annual or monthly premium, securing you the access to an emergency fund. In case of misfortune, you receive the emergency fund to cover the funeral expenses within 2 hours. Why is it important for you? Funeral Protection Cover helps ensure that your family members will not be left with the burden of your funeral expenses. If misfortune strikes, you are already facing a sufficiently difficult time – with this solution you do not have to worry about money. Group term assurance for employees policy What is a group term assurance policy/group life assurance policy? This is a product that has been designed for employers so as to assist the dependents of a deceased employee in re-adjusting to life after passing on of the breadwinner (the employee). Why is it important for you? As an employer, the product is important because it provides the following benefits to your employees or their dependents: • Lump-sum Death benefits• Permanent Total Incapacity benefits• Critical illness benefits• Last Expense Benefits• Income protection Insurance benefits Loan protection insurance/group credit life assurance What is loan protection insurance/group credit life assurance? This is a policy that has been designed to pay- off the outstanding loan in event of death or permanent total incapacity/disability of the borrower. Why is it important for you? As a lender/creditor, you will be able to recover the outstanding loan in event of death or total disability of the borrower. As a borrower, you will have peace of mind in that the outstanding loan amount will be paid to the lender by Prime Life Ltd in event of death or total incapacity.
