Comprises all individual life policies categorized as either Term Assurance; Whole Life; Endowment; or Investment policies.

This policy comprises group life insurance schemes mainly organized by employers on behalf of their employees; Group Credit/Group Mortgage Schemes which are loan protection schemes organized by financiers like banks, co-operative societies, microfinance institutions, etc.

They are mainly offered by insurance companies to help individuals build up a sum of money that can be used in retirement. Pension plans can also be taken by groups such as employers. The money is invested by the insurance company to generate a regular income paid to the retiree and this income is what is referred to as pension.

This is another way of planning for retirement. In an annuity, an individual pays a lump sum premium to an insurance company. The insurance company then provides a lifetime income to the individual from their premium.

This policy gives policy holders both insurance and investment under a single integrated plan. The main objective is to facilitate the growth of capital invested by the client/policy holder.