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Life & Health

Life Insurance

Red Sands is able to provide a wide range of life insurance protection products for individuals and corporates, including:

  • Whole of Life Assurance
    Life assurance that provides coverage for the life assured’s whole life.
  • Term Insurance
    Life insurance that pays the sum insured only if the life insured dies within the fixed period of the policy term.

Payment Protection

Payment Protection Insurance (PPI) is designed to protect an insured's monthly financial repayments. Repayments are typically linked to a specific debt during periods of disability as a result of sickness or disability, involuntary unemployment or redundancy – what is known as an Accident, Sickness and Unemployment (ASU) policy. Typically PPI would include options to provide life and/or critical illness cover.

Disability (Accident and Sickness) Disability cover pays the relevant repayment during the period of disability as a result of accident or sickness.

Unemployment Unemployment cover pays the relevant repayment during a period of involuntary unemployment or redundancy.

Life Life cover pays off the settlement figure or outstanding balance at the date of the life assured’s death.

Critical Illness Critical illness cover pays off the settlement figure or outstanding balance at the date of the life assured being diagnosed with a critical illness (such as a heart attack, stroke or cancer) which prevents them from returning to work.

Personal Accident

Personal accident insurance is designed to provide for the payment of a specified sum insured in the event that the life insured suffers permanent disability or death as a result of an accident.

For more information on these and other products, please contact us.

Red Sands Insurance Company (Europe) Limited is licensed and regulated by the Gibraltar Financial Services Commission under the Financial Services (Insurance Compaies) Act 1987 (see FSC website). It is a member of the UK's Financial Services Compensation Scheme, Financial Ombudsman Scheme and The Association of British Insurers.
Registered office: Level 3, Ocean Village Business Centre, 23 Ocean Village Promenade, Gibraltar (Company No. 87598). Copyright © 2014 Red Sands Insurance.