- Has an existing medical conditions
- Is a smoker
- Has certain diseases within the family
- Where they live
- Their occupation
Life Insurance policies can also pay out if the insured is diagnosed with a terminal illness or is critically injured. Life policies can differs so always read the terms carefully.
This type of life cover is fixed for a period of time, if the insured dies within the set period, then a pay-out is made to the beneficiary. Please note that Term Life Insurance does not provide any surrender value.
This type of life insurance cover is in place for your entire life, it is a permanent form of insurance protection. The policy will pay-out to the beneficiary whenever the insured dies, there is no time limit or cover duration. Please note that a whole life policy would usually have a surrender value payable after two years of inception.
This cover is unique to AXA Mansard Insurance, it has been designed to be affordable for everyone, especially the low income earners, for a specific period of time (1 Year).
Instant Life Insurance features include:
• Life cover up to N1million
• No medical test required
• Accidental Medical expenses is payable once in a year
More information can be found here: Instant Plan