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Individual Life

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What is Individual life Insurance?

Ordinary life insurance is commonly defined as a policy that pays a beneficiary at the end of a policy period or at death. In effect, it is the insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount (or by agreed annual increment amount) during the entire period of the insured.

GLICO LIFE’s ordinary life insurance can be a pure protection policy or a combination of pure protection insurance and investment. In the event of death, accidents or hospitalization, a policyholder receives agreed money payout on a pure protection policy. At the end of an agreed period of insurance with a combination policy, the policyholder receives money payout from the investment made out of the investment premiums contributed. Returns on investment are usually very high compared to other investments Products.

Our Life insurance Products
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TESTIMONIALS
  • “I have found a career in Sales & Marketing with GLICO LIFE. I joined GLICO LIFE after my university degree as a Sales & Marketing Executive. I committed myself to the values of the company, working with passion, and now I am a Sector Manager. I will choose GLICO LIFE anytime for great career progression. Thank you GLICO LIFE”.
    Signed: Date: 20th April 2017

    Benjamin Avickson
    Sector Manager, GLICO LIFE
  • I am happy with the massive improvement of customer service and clients relations at GLICO LIFE. Waiting time has greatly improved to the barest minutes and I received my claim promptly within two hours.
    Congratulations GLICO LIFE and keep it up!
    Signed: Date: 14th March 2017

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