The product includes parents term, parents waiver due to death, and parents waiver due to critical illnesses. — Photo baodautu.vn

HCM CITY (Biz Hub) — ACE Life, the global life insurance division of ACE Group, on June 5 introduced a new product called "The Gift for Life" that gives people more options to secure the future of their children.

According to the company, it is an enhancement of its Premier Universal Life policy, and now offers the added feature of comprehensive protection for the whole family in one policy.

It provides a comprehensive financial solution to ensure children's dreams can still come true if something unfortunate happens to their parents.

The product includes parents term, parents waiver due to death, and parents waiver due to critical illnesses.

In addition to the standard benefits of the base plan, customers can also enjoy additional benefits for extensive protection including up to 200 per cent of the parents' term face amount upon death of either or both father and mother.

Upon death or critical illness of either or both father and mother until the child attains age 25, premiums will be waived. — VNS