LIFE INSURANCE PRODUCTS
offer a comprehensive coverage tailored to your needs, ensuring that your family is safeguarded in the event of unexpected. It provides financial protection and peace of mind for you and your loved ones.
These include:
- Endowment policies: This is an anticipated endowment assurance with regular premiums payable to secure cover on death, permanent and total disability, critical illness. This provides combination of life insurance coverage and savings/ Investment that pays out a lumpsum benefit either upon death or at end of a specified term, offers a guaranteed minimum maturity value providing financial security for the insured and their beneficiaries.
- Group life insurance cover: This covers a group of individuals typically employes of a company or members of an organization in an event of death or disability. It enhances employee benefit package, in the event of death to cover outstanding debts and ongoing living expenses.
- Credit life insurance.: This is a life policy designed to pay off a borrower’s debt if that same customer dies before the loan is fully paid back to the lender. The borrower is protected from losing their savings or property id they cannot repay the loan due to death, disability or involuntary unemployment.
Benefits
- Financial protection as it ensures that your loved ones are financially supported in the event of your passing.
- Peace of mind knowing that your family ‘s financial future is secure.
- Estate planning as it facilitates the transfer of assets and minimizes tax liabilities for beneficiaries.
- Income replacement as it’s a source of income replacement for dependents to maintain their standard pf living.
- Debt repayment as it covers outstanding debts such as mortgages, loans and credit cards.
- Flexible options as it allows policy holders to adjust coverage and premiums to adapt to changing life circumstances.
- Wealth accumulation for value of cash and offering a source of savings and investment growth.
Why Choose Tropical Bancassurance?
- Local expertise: With deep understanding of the tropical environment and its unique challenges, we’re equipped to provide relevant and effective insurance solutions to our clients.
- Customer Centric Approach: Your satisfaction is our top priority and here for our customers. We strive to deliver exceptional service and support, ensuring that your insurance experience with us is seamless and stress free.
- Financial stability: Partnering with reputable insurers and maintaining strong financial stability, we provide you with the confidence and security you need to protect what matters most.
Get in touch
Ready to explore your insurance options or need assistance with your existing policy? Contact us today to speak with one of our knowledgeable representatives. Your peace of mind is just a click or a call away.
Email: Insurance@trobank.com
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