Insurance products are often a part of an overall financial plan. They come in various forms, including term life, whole life and universal life policies.

Such insurance schemes might depend on securities linked products that should be subject to regulatory approval of the Insurance Control Commission at the Ministry of Economy and Trade, and the Capital Markets Authority. The reason for this is to protect the buyers of insurance schemes from any unfounded risk available in the securities linked to these products.


Insurance products often are developed to meet specific objectives. For example, long-term care insurance is designed to help manage health care expenses as you age. As with other financial products, insurance products can be complex and come with fees, so it pays to do your homework before you buy.