Term insurance with return of premium
A return-of-premium term plan gives the same life cover as a regular term plan, and pays back the premiums you paid if you survive the term. The premium is higher in exchange.
People who want life cover and dislike getting nothing back
Buyers who prefer certainty over the lowest premium
What is covered
Life cover for the full term
Return of premiums paid on survival to maturity
Optional riders
What is not covered
Suicide in the first policy year
Non-disclosed conditions
Taxes and rider premiums are usually not returned
Covers and exclusions vary by insurer and plan; the policy wording applies.
Making a claim
How a claim works with Kreeva
01
Inform us
The nominee calls or messages us with the policy details.
02
Claim form
We help complete the insurer’s claim form.
03
Documents
Death certificate, ID and bank details, plus others the insurer asks for.
04
Payment
We follow up until the insurer pays the nominee.
Term insurance with return of premium — questions
Is a regular term plan better value?
A regular term plan costs much less for the same cover. We show both side by side so you can decide.
Not sure which plan fits? Ask an advisor.
Free consultation. No obligation to buy.