Understanding Life Assurance vs. Life Insurance

Key Highlights Life assurance offers lifelong coverage, while life insurance covers a predetermined period. Life assurance often includes an investment element, potentially leading to a maturity benefit. Life insurance generally costs less than life assurance due to its limited coverage period. Choosing between the two depends on your financial goals and family’s needs. Both options […]

What is Temporary Life Insurance? Key Features & Types

Key Highlights Temporary life insurance, also known as term life insurance, provides coverage for a specific period. It offers a death benefit to beneficiaries if the insured passes away during the policy term. Term life insurance is generally more affordable than permanent life insurance. It’s suitable for covering short-term financial obligations and offering temporary financial […]