Life Insurance
Life Insurance is a financial instrument that will secure your lost income after death and will enable your loved ones to go on living.
Life Insurance is a contract between a policy holder and an insurer, where the insurer promises to pay a lump sum to the policy holder’s family to cover mortgages, funeral costs, medical bills and other expenses. Depending on the standard of living a family wishes to maintain, life insurance is a smart investement. Life insurance can be used to take out loans from banks.
Financial protection and long-term security for individuals and families.
Life Insurance usually fall into three major categories:
- Protection Policies: Designed to provide a benefit, typically a lump sum payment, in the event of a specified event. A common policy of this type is term Insurance.
- Investment Policies: Main objective is to facilitate the growth of capital in a certain period of time i.e. 20 years during which the policy holder pays a premium and the company invests the money on property, bonds, stocks, etc, for high-yield returns. This depends on how much risk you want to take. Ask for a financial analysis assessment and risk questionnaire.
- Pension Policies: Come with life insurance and grant monthly installments after the policy holder reaches a certain age i.e. 63. This is done in two ways: while the insured lives, payments are made monthly and when the person dies the company pays the rest to their family. Premium aren’t taxed.
Our Company can place various life policies through various insurers locally and internationally. Our life sales team are happy to discuss with you the need for Life Cover, mostly Term Life products.
Why Choose P&M for your Insurance?
75 Years Experience
Trust our vast experience to identify the precise insurance solutions. We have been serving clients for over seven decades, ensuring peace of mind.
Fast Claims Process
We ensure your claims are handled with speed and efficiency. Our dedicated claims team works around the clock to get you back on track.
Dedicated Support
Personal account managers who understand your specific needs. You'll always have a direct line to someone who knows your policy.
Expert Advisors
Industry specialists ready to guide you through complex policies. We make insurance simple and transparent for you.
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