Personal insurance
Life & Term Insurance
Financial protection for the people who depend on your income — sized to your responsibilities, not to a sales target.
Who is it for?
Is life cover right for you?
- Earning members with dependants — spouse, children or parents
- Anyone with a home loan or other long-term liabilities
- Self-employed professionals and business owners
- Families reviewing whether existing cover is still adequate
What does it help protect?
The risk, in plain English
Term insurance pays a defined sum to your nominee if you pass away during the policy term. It is designed to replace income and help your family meet goals and liabilities.
Choosing the cover amount, policy term and riders carefully matters more than the brand of the plan.
Key cover areas
What a policy typically includes
Cover differs between insurers and plans. These are the areas we walk you through — the policy wording always decides.
Death benefit
The sum assured paid to the nominee on death during the policy term, subject to terms.
Choice of policy term
Cover aligned to the years your family depends on your income or until loans are repaid.
Payout options
Lump sum, monthly income or a mix, depending on the plan.
Riders
Optional add-ons such as accidental death or critical illness benefits, where offered.
What to check
Read this before comparing premiums
The cheapest policy is rarely the one that serves you best at claim time. These are the terms we always check with you.
- Adequate cover amount
- Consider income, liabilities, goals and existing assets — not just the premium.
- Complete disclosure
- Health, lifestyle, occupation and existing policies must be declared accurately.
- Exclusions
- For example, specific exclusions that apply in the early policy years.
- Nominee details
- Keep nominees updated and make sure your family knows the policy exists.
How Finmirai helps
Advice before you buy. Support after you do.
As your broker, our job is to understand your need, explain options honestly and stay with you for servicing and claims.
- Listen first: we understand your family, health, assets and budget before discussing any plan.
- Explain options in plain language, including what is not covered.
- Help you compare suitable options and complete the proposal and documentation correctly.
- Remind you ahead of renewals and help with changes during the policy year.
- Guide you through the claims process and the documents the insurer will ask for.
How it works
- 1
Tell us
Share your requirement by form, call or WhatsApp.
- 2
Understand your need
We ask the questions that shape the right cover.
- 3
Compare options
We identify suitable options and explain the differences.
- 4
You choose
You decide, with clarity on cover, exclusions and cost.
- 5
Policy issued
We help with proposal, documentation and issuance.
- 6
Ongoing service
Renewals, changes and claims guidance through the year.
FAQs
Life & Term Insurance: common questions
How much life cover do I need?
There is no single formula. We look at your income, the number of years your family depends on it, outstanding loans and future goals such as education, then subtract existing cover and assets.
What is the difference between term insurance and savings-linked plans?
Term insurance is pure protection — it pays only on death during the term, which keeps premiums lower for a given cover. Savings-linked plans combine protection with a maturity benefit. We explain the trade-offs so you can decide.
Why is disclosure so important?
The insurer prices and accepts the risk based on your declarations. Incomplete or incorrect information can lead to a claim being disputed, so we help you fill the proposal form carefully.
Can I buy more cover later?
Yes, you can buy additional policies later, but premiums are generally based on age and health at the time of purchase, so reviewing cover early is sensible.
What happens if I miss a premium?
Policies usually allow a grace period. If the premium is still unpaid after that, the policy may lapse. We send renewal reminders to help avoid this.
Get insurance assistance
Talk to us about life cover
Share a few details and an advisor will contact you. There's no obligation to buy.
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