Individual Life Insurance
- Description
Description
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit to the insured’s beneficiaries if the covered person dies during a specified policy period. Once the term life policy expire, the policy holder can either renew it for another term, convert the policy to permanent coverage (Investment plan) or allow the policy to terminate.
- These policies have no value other than the guaranteed death benefit and feature no savings component as found in the life Investments product.
- Term life premiums are based on a person’s age, health, gender, Face amount (Covered Limit) and policy period.
The insurance company may inquire a Medical test and about your current medications, smoking status, occupation, hobbies, and family medical history.
Monthly Premium
| Age | KWD 10,000 | KWD 20,000 | KWD 30,000 | KWD 50,000 | KWD 80,000 | KWD 100,000 |
| 20 | KWD 0.871 | KWD 1.742 | KWD 2.613 | KWD 4.355 | KWD 6.532 | KWD 7.839 |
| 35 | KWD 0.900 | KWD 1.850 | KWD 2.650 | KWD 4.500 | KWD 6.650 | KWD 7.950 |
| 40 | KWD 1.000 | KWD 2.001 | KWD 3.002 | KWD 5.004 | KWD 7.507 | KWD 9.008 |
| 45 | KWD 1.727 | KWD 3.454 | KWD 5.181 | KWD 8.635 | KWD 12.953 | KWD 15.543 |
| 50 | KWD 2.726 | KWD 5.452 | KWD 8.178 | KWD 13.630 | KWD 20.445 | KWD 24.534 |
| 55 | KWD 4.570 | KWD 9.140 | KWD 13.710 | KWD 22.850 | KWD 34.275 | KWD 41.130 |
| 60 | KWD 7.529 | KWD 15.058 | KWD 22.587 | KWD 37.645 | KWD 56.468 | KWD 67.761 |
| 65 | KWD 12.093 | KWD 24.186 | KWD 36.279 | KWD 60.465 | KWD 90.697 | KWD 108.837 |
The Maximum Sum Insured is 10,000,000 in Dollars
*Terms and Conditions applies.