Term Insurance
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Term Insurance products provide the insured with a limited period of coverage, but are considerably affordable as compared to permanent and endowment products. These products vary according to how long protection will be made available.
The following are the Term Insurance products provided by Sony Life:
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Permanent Insurance
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Permanent Insurance products provide coverage for the whole lifetime of the insured. The products vary according to how long premiums will be paid – either for a limited time or through continuous, level payments.
The following are the Permanent Insurance products provided by Sony Life:
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Endowments
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An endowment is a type of term insurance that builds cash value. It is a term product in a sense that it provides only a limited protection period but, unlike term products, it builds cash value wherein the entire face amount is paid to the policyholder even if he lives until the end of the coverage period. This is the reason why an endowment is more expensive than term insurance.
The following are the Endowment products provided by Sony Life:
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Education Insurance
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As the name would describe it, Sony Life’s EducLite products are designed specifically for the education of one’s child. There are two payment options available for the client – 5 years and 17 years.
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