Life
A policy that pays your loved ones, or you, in the event of death or other defined events, aimed at your family's financial security.
What is Life and how does it work?
Life insurance pays an agreed sum to the beneficiaries if the policyholder dies, or in other events defined in the policy. The goal is that a family's loan, rent, education and living costs can continue after a sudden loss.
Pure-risk (death cover) products offer high protection for a low premium. Some products also include a savings component; these cost more, and their returns, tax treatment and surrender terms should be examined separately. To find the right amount, income, debts and the number of dependants are weighed together.
Who is it for?
It is especially important for people with loans, families with children, the main earner of a household and entrepreneurs with shared business debt.
Setting up life cover properly
The first question when choosing life cover is: if something happens to me, which expenses must my family still meet? Loan repayments, rent, children's education and everyday costs are the main items.
The term matters too; a policy that runs until your biggest responsibilities end is often enough. Extra cover for accident, illness and permanent disability, and savings-oriented options, vary by insurer. The health declaration must be accurate and complete.
How does the process work with Santerna?
First we listen to your needs and budget. Then we collect suitable quotes from the insurers we work with and put the cover and conditions side by side in a simple table. You make the choice; after the policy is issued we track the renewal date and stand by you when a claim happens. You can reach us by phone, WhatsApp or by visiting our office.
What does it usually cover?
- Death cover
- Extra cover for accidents and illness (depending on the policy)
- A savings component in some products
What to look at when choosing
- Sum insured and term
- Whether the premium is fixed or increases
- Keeping beneficiary details up to date
Frequently asked questions
How much cover should I choose?
A common approach is to add up your debts, your family's annual expenses and a few years of your dependants' needs. We can calculate the figure together.
Who is the beneficiary and can it be changed?
You choose the beneficiary and can change it during the policy. Keeping the details up to date helps the payment go through smoothly.
Is life insurance the same as private pension (BES)?
No. Life insurance mainly protects against risks such as death, while a private pension is a long-term savings scheme. They can complement each other.
Let us find the right one for you together.
Cover varies by insurer and policy; this page is general information.