Pure Protection
Term insurance is primarily designed to provide life cover for a specified period.
Life Insurance
Term Life Insurance
Term Life Insurance is designed to address specified life insurance risks, with coverage structured around the insured interest, policy limits and applicable terms.
Understand the cover
Claims guidance
Coverage choices
Customer supportUNDERSTANDING THE POLICY
Protection built around the risk you want to manage
Life insurance is designed to provide financial protection to the policyholder's dependants or support long-term financial objectives according to the selected product. Different plans serve protection, savings and investment-linked needs.
Death Benefit
The applicable benefit is payable according to the policy conditions upon an insured death.
Optional Riders
Accident, critical illness or other riders may be available with selected products.
Coverage Planning
Death benefit payable to eligible beneficiaries according to the policy.
Coverage Planning
Term-based financial protection for a specified period.
Coverage Planning
Savings or maturity benefits under eligible traditional products.
COVERAGE AREAS
What the policy may address
Coverage is subject to the exact policy wording, schedule, endorsements, limits, conditions and exclusions.
01
Death benefit payable to eligible beneficiaries according to the policy.
02
Term-based financial protection for a specified period.
03
Savings or maturity benefits under eligible traditional products.
04
Investment-linked benefits under ULIP structures, subject to market-linked performance and policy charges.
05
Optional riders where selected and accepted by the insurer.
IMPORTANT CONDITIONS
What to check before choosing
Insurance is a contract of defined coverage, not a blanket guarantee against every loss.
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Claims and benefits are subject to the policy wording, disclosures, exclusions and applicable conditions.
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Investment returns are not guaranteed for market-linked products.
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Non-disclosure or misrepresentation can affect policy validity or claim assessment.
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Rider benefits apply only when specifically selected and included.
Documents that may be requested
- Proposal and identity/address documents.
- Income and financial information where required.
- Medical examination or reports where requested.
- Nominee and beneficiary details.
- Policy documents and claim records where applicable.
CLAIMS JOURNEY
What to do when something goes wrong
Prompt notification and complete documentation can help the insurer assess a claim efficiently. Exact timelines depend on the policy.
01Notify the insurer promptly after a claim event.
02Submit the claim form and policy documents.
03Provide death certificate or other relevant evidence where required.
04Submit nominee/beneficiary identification and bank details through the prescribed process.
05Cooperate with verification and additional-document requests.
FREQUENT QUESTIONS
Questions customers commonly ask
Why is term insurance different from savings insurance?
Term insurance primarily focuses on protection for a defined period, while savings-oriented plans may combine protection with maturity or savings features.
What is a nominee?
A nominee is the person designated to receive policy proceeds according to the applicable legal and policy framework.
Are ULIP returns guaranteed?
Market-linked investment values can fluctuate and are not guaranteed. Product-specific charges and conditions apply.
Can riders be added?
Some products offer optional riders subject to eligibility, underwriting and payment of additional premium.
PERSONAL ASSISTANCE
Talk to GUAN Technologies about Term Life Insurance
Tell us about your requirement and our team can help you understand what information and coverage features should be compared.