Individual Term Assurance
Nyala Insurance Share Company (NISCO)
Job Description
Individual Term Assurance
Individual Term Assurance is a cover provided under an agreement to pay a death benefit (the sum assured) only if the death of the insured person occurs during a specified period of time; that is the term covered by the policy.
This scheme covers the insured person against both accidental and natural death.
The assurance cover remains enforce for selected period of time, i.e. 5, 10, 15… years or any as selected.
The sum assured would be payable to the beneficiaries of the insured person in case of death during the policy term.
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