INSURANCE GLOSSARY
Insurance, in
plain English.
Insurance can come with a lot of unfamiliar words and phrases.
We've created this glossary to help explain common insurance terms in simple, easy-to-understand language.
Looking for something specific? Search the glossary below.
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Life Cover
Life Cover pays a lump sum if you pass away or are diagnosed with a terminal illness, helping provide financial security for the people who depend on you.
Funeral Cover
Funeral Cover provides a lump sum payment to help cover funeral and related expenses after someone passes away, helping to reduce the financial burden on loved ones during a difficult time.
Accidental Death
Accidental Death Cover pays a lump sum if you pass away as the direct result of an accident. It does not provide cover for death caused by illness or natural causes.
Sum Insured
The sum insured is the maximum amount your insurer will pay under your policy if a valid claim is approved.