legal requirement and is set up by the government as a minimum in order to provide.

Number of persons pool together the same amount, each month one of them will get the total sum.

A personal pension plan which aims to create wealth for retirement.

Insurance of life of a human being (that cannot be replaced)

The fund is created to insure workers against loss of earnings arising from unemployment.

This is an insurance clause which refers to under-insurance and over-insurance.

Persons who want to insure their assets / life

who will take over specified risks from persons to indemnify them if the persons pay premiums.

Amount of money to be paid monthly / annually by the insured to the insurer for indemnification

papers issued by the insurer to the insured which includes all the stipulations of the contract

The fund provides cover against disability owing to injuries, occupational diseases or death.