If you want your first life insurance, consider having FWD Life Insurance Company Bermuda Limited. This insurance is suitable for those who first have insurance because registration is easy, with premiums only starting from $10 a month.
Are you still hesitating to get FWD Life Insurance? Let’s find out all about FWD Life Insurance Company Bermuda Limited.
What is FWD Life Insurance Company Bermuda Limited?
FWD Life Insurance Company Bermuda Limited is well-known for FWD Insurance. They provide life insurance services in Hong Kong, the Philippines, Thailand, and Macau. This insurance offers many choices, including financial planning and employee benefits services.
Richard Li founded them in 2013 in Hong Kong. It is also part of Pacific Century Group, an Asia-based private investment group founded in 1993 with interests in technology, media and telecommunications, financial services, infrastructure, real estate, and other investments.
This insurance applies technology throughout the insurance process. From stakeholders to purchasing guidelines, the process runs digitally with the help of technology, and companies no longer use paper.
They are also known as going paperless. In fact, for prospective customers, everything from customer purchases of insurance policies to agent referrals is digital and paperless.
Complete FWD Life Insurance Company Bermuda Limited Product
The following list includes basic and additional policies. You must purchase the basic guidelines first and add other benefits as additional passengers.
1. FWD SprintLink
Plans with your family can fall apart if something happens to you. What will happen to the kids and wife while the family still has to raise money? FWD Life Insurance Company Bermuda Limited offers a solution by protecting yourself and investing in FWD Sprint Link products.
Coverage service
- More than $20.000 essential death benefit plus the present value of the investment (if applicable). You can buy online without a health check.
- Once the contract expires, they will return the investment money made.
2. FWD Accidental Death and Disability Benefits
FWD Loop’s insurance products provide more benefits for accidental death or death due to total and permanent disability.
Coverage service
- In case of the insured person’s death, they will pay compensation of up to $130.000.
- The period of coverage continues until the insured reaches the age of 80.
3. FWD Acceleration of Critical Illness
An insurance product that covers serious illness. If the insured is diagnosed with severe disease, 80% of the insured amount or up to $130.000 will be paid.
Coverage service
- Cash coverage for critical illness is up to $130.000
- Protects up to 49 crucial conditions.
- Protection up to 80 years.
4. FWD Family Term
Ancillary products of FWD Life Insurance Company Bermuda Limited protect essential people from death with the same coverage as the policyholder.
Coverage service
- If the insured person (family member) dies, they will pay the same compensation amount according to the insured person’s plan.
- Long-term amulet for up to 100 years old.
5. FWD Payer Terms
This supplemental life insurance pays out 300% of the primary insurance if the insured person dies.
Coverage service
- It covers 300% of your primary insurance plan. Up to 100 years of protection.
- The process is quick and easy for both verification and billing.
6. FWD Payer Waiver Plus
This is a solution for FWD Life Insurance Company Bermuda Limited customers who are permanently disabled or diagnosed with a severe illness to be exempt from paying premiums. It is an additional product of basic life insurance.
Coverage service
- If you are diagnosed with a severe illness, premiums will be exempted until age 65. But the underlying politics are still active.
- The minimum age for this additional service is 18 years old, and the maximum is 60 years old.
7. FWD SprintLink Plus
This is a unit-linked life insurance product.
Coverage service
- Clients can choose their fund placement for investment in premium deposits to understand better the risks involved.
- You can turn to professionals if you need help understanding investment institutions.
- Customers can withdraw their investment funds or transfer their investments to other financial intermediaries.
8. FWD Sprint Retirement
As our physical capabilities decline, we need to plan our retirement early. FWD’s solution is the Sprint Retirement product. Life insurance that can cover old age.
Coverage service:
- Since this is Sprint Link supplemental insurance, the death benefit equals the base plan plus the present value of the investment.
- Customers can freely withdraw their funds anytime without deducting any fees.
9. FWD Sprint Training
Sprint Link supplemental insurance provides life protection benefits and children’s education plans at FWD Life Insurance Company Bermuda Limited.
Coverage service
- At the end of the contract period, they will pay the insurance and capital investment in full after deducting insurance and capital investment costs.
- If the insured person dies during the insurance period, they will pay the beneficiary 300% of the insurance amount.
FWD Life Insurance Pros and Cons
As a new player in life insurance, FWD Life is bold enough to compete with experienced and trusted leading players. We need to explore new ways to enter new markets in Indonesia with digital systems.
In the explanation below are considerations when purchasing or not purchasing insurance offered by FWD.
Pros of FWD Life Insurance
- Low premiums with maximum protection.
- The billing process is simple and fast and can be done via email.
- No health check is required, and you can purchase it directly online. High solvency gives customers peace of mind that they don’t have to worry if their receivables go unpaid.
Cons of FWD life insurance
- The affiliated hospital must be expanded, so cashless and magnetic card systems are useless.
- There is little interest among Muslims in Indonesia due to the limited selection of Shariah products.
- Except specifically for investment-related insurance, there are no refunds of premiums paid.
Are You Considering FWD Life Insurance Company Bermuda Limited?
Before purchasing FWD life insurance, we recommend that prospective customers study and read the entire policy to understand their rights and responsibilities.
If you do not understand this, contact customer service and make an appointment with an FWD life insurance agent to avoid future regrets for not getting the results you expected.