A life insurance policy is a contract whereby the Insurer undertakes to pay a contracted sum assured in the event of the insured person's death (life insurance policy providing death benefits) or survival (life insurance policy providing maturity/survival benefits).

The sum assured is the value defined in the policy that will be paid out by the insurer in the event of a claim covered under the contracted terms. Each cover option has an associated sum assured stated in the contract.

There is no "one-size-fits-all" correct value. The sum assured must be defined based on your lifestyle, your financial goals, and the level of protection you want to guarantee for your family.

The distinction between these covers may not be obvious at first glance, so it is important to clarify the situations in which each one applies.

The following critical illnesses are covered: