SuperLife Insurance
SuperLife Insurance is a comprehensive life insurance product that combines financial savings for the policyholder with life protection for their dependents. It offers a lump sum payout upon policy maturity if the life a...
About this cover
SuperLife Insurance is a comprehensive life insurance product that combines financial savings for the policyholder with life protection for their dependents. It offers a lump sum payout upon policy maturity if the life assured survives the policy term, and provides financial support to beneficiaries in the event of the policyholder’s death during the term.
Benefits are provided in the following cases:
- Upon maturity of the contract if the life assured survives the policy term
- Upon death of the life assured during the policy term
Key Features of SuperLife Insurance:
- Death benefit and savings benefit
- Sum assured increases by 100% upon maturity of the policy term
- Lump sum payment of the sum assured
- Premiums are calculated based on the age of the life assured
- Standard rate applied to the sum assured
- Lock-in period: 2 years
- Policy tenure: 10 to 11 years
Eligibility:
SuperLife Insurance is available to individuals with an insurable interest aged 18-60 years who have the financial capacity to purchase the product. It is designed to offer both long-term savings and reliable life protection.
Terms
- Cover begins once payment is complete and the certificate is issued.
- Claims are settled in line with the terms of your policy.
- NIC is registered and regulated by the Tanzania Insurance Regulatory Authority (TIRA).
This is a summary. The full terms are set out in the policy document you receive, and that document is what governs your cover.