Life Reinsurance Solution

1. Life Insurance

It is an insurance product that provides benefits if the insured dies in the insurance period and or without the benefit of life in the form of cash value, investment funds, or benefit stages. The risks covered by reinsurance companies in this product is death risk only, especially products that have cash value, savings, or investment element. 

The Life Insurance products are as follows:
- Term Life
- Whole Life
- Unit Link
- Universal Life
- Endowment
- Natural Death

2. Personal Accident Insurance

Personal Accident Insurance is an insurance product that provides benefits if the insured has an accident which causes the insured to pass away; and or suffer from permanent and/ or partial disabilities; or the insured requires reimbursement of medical expenses; or hospital treatment.

Personal Accident Insurance Products are as follows:
- Personal Accident Risk A : death risk
- Personal Accident Risk B : permanent and or partial disabilities risk
- Personal Accident Risk D : medical expenses reimbursement risk

3. Critical Illness Insurance

Critical Illness Insurance is an insurance product that provides benefits if the insured is diagnosed with one of the critical illness covered during the coverage period. The types of critical illnesses covered is stroke, cancer, kidney failure, etc.

Critical Illness Insurance Products are as follows:
- Critical Illness – Additional Benefit
- Critical Illness – Accelerated Benefit
- Early Stage Critical Illness – Additional Benefit
- Early Stage Critical Illness – Accelerated Benefit
- Tiered Critical Illness – Additional Benefit
- Tiered Critical Illness – Accelerated Benefit-

4. Hospital Cost Insurance

It is an insurance product that provides benefit in the form of daily allowances; and or surgical expenses if the insured suffer from illness due to a sickness or accident so the insured must be hospitalized on the advice of the doctor.

The Hospital Cash Plan products are as follows:
- Hospital Cash Plan due to Accident & Sickness
- Hospital Cash Plan due to Accident
- Hospital Cash Plan due to Sickness
- Hospital Cash Plan due to critical illnesses

5. Health Insurance

An insurance product that covers health care cost at the hospital or doctor for the insured who suffers from illness, whether caused by an illness or accident, both inpatient or outpatient, maternity, eye glasses, and dental care. Inpatient care includes the benefits of surgery, room fees, medical expenses, doctor visits, etc. Includes Individual and Group Health Insurance products with coverage areas up to worldwide.

6. Credit Life Insurance

Credit Life Insurance is a life insurance product that provides benefits in the form of payment of the insured's remaining loan if the insured passes away and or suffers from a total permanent disability during the insurance period, either with or without delay and arrears interest.
Credit Life Insurance Products are as follows:

• Credit Life Insurance Mortgage Decreased Benefit
• Credit Life Insurance Mortgage Fixed Benefit
• Credit Life Insurance Micro Decreased Benefit
• Credit Life Insurance Micro Fixed Benefit
• Credit Life Insurance Ownership of Motorized Vehicles Decreased Benefit
• Credit Life Insurance Ownership of Motorized Vehicles Fixed Benefit
• Credit Life Insurance Multifunctional Decreased Benefit
• Credit Life Insurance Multifunctional Fixed Benefit
• Credit Life Insurance Credit Shield

7. Savings Insurance

Savings Insurance is a life insurance product that provides benefits equal to the remaining monthly deposit until the end of the insurance period or a multiplication of the monthly deposit, if the insured passes away or suffers from a total permanent disability either caused by an illness or due to an accident.

8. Total Permanent Disability Insurance

Total Permanent Disability Insurance is an insurance product that provides benefits if the insured suffers a total permanent disability, whether caused by an illness or due to an accident.
Total Permanent Disability Insurance products are as follows:

• TPD Accelerated
• TPD Accelerated - due to accident
• TPD Accelerated - due to illness
• TPD Additional
• TPD Additional - due to accident
• TPD Additional - due to illness

9. Premium Waiver Insurance

Premium Waiver Insurance is an insurance product that guarantees that the insured is freed from premium payments that must be paid if the policyholder passes away and or suffers from a total permanent disability and/ or suffering from a critical illness during the insurance premium payment period.
Premium Waiver Insurance Products are as follows:

• Waiver of Premium due to TPD + CI
• Waiver of Premium due to TPD
• Waiver of Premium due to CI
• Spouse Waiver of Premium due to Death
• Spouse Waiver of Premium due to TPD
• Spouse Waiver of Premium due to CI
• Spouse Waiver of Premium due to Death + TPD
• Spouse Waiver of Premium due to Death + CI
• Spouse Waiver of Premium due to TPD + CI
• Spouse Waiver of Premium due to Death + TPD + CI
• Payor Waiver of Premium due to Death
• Payor Waiver of Premium due to TPD
• Payor Waiver of Premium due to CI
• Payor Waiver of Premium due to Death + TPD
• Payor Waiver of Premium due to Death + CI
• Payor Waiver of Premium due to TPD + CI
• Payor Waiver of Premium due to Death + TPD + CI

Non Proportional Reinsurance

Non-Proportional Reinsurance is a form of reinsurance, where the risk of reinsurance is based on the aggregate claims that occur and exceeds the non-proportional retention of the Ceding Company.
 
The share of the reinsurance premium is not proportional to the risk. The type of non-proportional reinsurance is Catastrophe Excess of Loss.