Less jargon.
More understanding.

Beneficiary

The person or entity designated to receive the death benefit, subject to the policy and applicable rules.

Claim

A request to the insurer for payment under a policy.

Death benefit

The benefit payable following the insured person’s death when the policy terms are satisfied.

Exclusion

A circumstance or event the contract does not cover. Read the exact wording.

Indicative quote

A preliminary indication based on information supplied. It is not an offer or confirmation of cover.

Insured person

The person whose life is covered by the policy.

Policy currency

The currency in which policy amounts are stated. Confirm payment and benefit arrangements separately.

Policyholder

The person or entity that owns the policy. This can differ from the insured person or beneficiary.

Premium

The payment required for insurance, according to the policy’s payment terms.

Rider / optional benefit

An additional benefit or provision attached to the main policy, with its own conditions.

Sum insured

The stated amount of cover. The amount payable depends on the contract and circumstances of the claim.

Term

The specified period for which a term policy provides protection.

Underwriting

The insurer’s assessment of an application and the terms on which it may offer cover.

Prices are indicative only, not an offer of insurance. Final premiums are confirmed by the insurer after underwriting.