CommInsure Life Cover

The Life Cover policy offered through CommInsure is a term insurance plan that will pay out a lump sum in the event of the death or diagnosis of a terminal illness of the insured.

CommInsure’s life cover policy may be purchased as stand-alone cover or in conjunction with certain other products that are offered through the company such as trauma and / or TPD (Total and Permanent Disability) cover.

In addition to a death benefit, some of the other benefits that are paid out through the life cover plan include:

• Interim Accident Cover – This benefit covers the insured for accidents while their application is still being reviewed and processed by the company
• Terminal Illness Benefit – This cover will advance the life care benefit should the insured be diagnosed as terminally ill
• Financial Planning Benefit – The financial planning benefit helps in covering the cost of a written financial plan for the insured’s loved ones after the life care benefit is paid out
• Severe Hardship Booster Benefit – This benefit will pay out an increased amount of life care benefit either for death or for terminal illness diagnosis due to specific covered conditions

The life cover policy also provides some additional optional benefits such as a guaranteed insurability option, a business safe cover option, and accidental death cover option, and a child cover option for coverage.