“Term Life Insurance is part of a good defensive plan.”

Anonymous

Wantok Group Term Life

Term Life is a 12-month annual renewable life insurance plan that pays out the sum insured upon death by any cause of the Life Insured. This affordable plan offers additional benefits that provide peace of mind and value for money. In addition, BSP Life is the only life insurer that provides cover for members up to the age of 75, this is part of our commitment to making insurance accessible to all Papua New Guineans.

For every company that values its employees, there is a need for a benefit package that is comprehensive and affordable. Group Term Life offers you this.

Key Features

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Accidental Death Benefit 75

Accidental Death Cover offered to members over 65 up to the maximum age of 75.

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Geographical Limit

Worldwide (24hrs) cover

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Fast & Efficient Claims Turnaround

Within 10 working days

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Exclusions

Standard exclusions apply (detailed in Policy Document)

Optional Riders

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Accidental Total Permanent Disability

Provides for the advance payment of the death benefit in the event the Insured becomes totally and permanently disabled through an accident. This benefit can be taken up by the Primary and Second Life Insured.

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Personal Accident

The amount payable is independent of any other benefit payable under the provisions of the policy and as set out in the Personal Accident Benefit Table. There are 3 options from which you may select on:

Option 1 – Accidental Death
Pays out the full sum insured as a result of the death by accident of the life insured.

Option 2 – Disability
Pays a percentage of the sum insured for the bodily injury subject to the losses outlined in the Personal Accident Schedule of Benefits. The benefit includes 25 types of losses.

Option 3 – Accidental Death & Disability
Offers the full payment of the sum insured upon death by accident of the life insured as well as offering cover for the bodily injury subject to the losses outlined in the Personal Accident Schedule of Benefits. This benefit includes 25 different types of losses.