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Sunday, 27 January 2002  
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Web-based life insurance policy

Union Assurance Ltd., has launched Real Life Plus, a product designed for the busy executive.

The emphasis is on convenience and minimum involvement from the client's point of view. The proposal form is therefore short and simplified.

In keeping with its theme, the policy is available for purchase through the Web via the interactive life proposal form. Prospective policy holders can calculate their premia by entering the date of birth, mode of payment and sum insured.

Real Life Plus is an endowment policy for a fixed term of 10 years and is a package cover where a level premium is payable throughout the 10-year period. The full sum assured and bonuses are paid if the insured survives the 10 year term.

For this life policy no medical examination is required, nor is an additional premium payable to compensate for this lack. 

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