Red Sands is able to provide a wide range of life insurance protection products for individuals and corporates, including:
- Whole of Life Assurance
Life assurance that provides coverage for the life assured’s whole life.
- Term Insurance
Life insurance that pays the sum insured only if the life insured dies within the fixed period of the policy term.
Personal accident insurance is designed to provide for the payment of a specified sum insured in the event that the life insured suffers permanent disability or death as a result of an accident.
Payment Protection Insurance (PPI) is designed to protect an insured's monthly financial repayments. Repayments are typically linked to a specific debt during periods of disability as a result of sickness or disability, involuntary unemployment or redundancy – what is known as an Accident, Sickness and Unemployment (ASU) policy. Typically PPI would include options to provide life and/or critical illness cover.
Disability (Accident and Sickness) cover pays the relevant repayment during the period of disability as a result of accident or sickness.
Unemployment cover pays the relevant repayment during a period of involuntary unemployment or redundancy.
Life cover pays off the settlement figure or outstanding balance at the date of the life assured’s death.
Critical Illness cover pays off the settlement figure or outstanding balance at the date of the life assured being diagnosed with a critical illness (such as a heart attack, stroke or cancer) which prevents them from returning to work.