Individual Life Assurance Products are designed to meet the financial and security needs of individuals, both the employed. These products include; education policies, saving plans and investment policies. There are also other products that are designed for mortgage and loan protection on pure life policies that pay a lump some in the event of death or permanent disability.
These products offer financial security by providing compensation against the risks of death and disability to the life assured in the course of employment. This cover is taken by the employer as a benefit to employees.