Savings and Investments

A: A life insurance plan and savings & investments plan are fundamentally different. With life insurance, your family receives a lump sum payment upon the death of an insured person. A savings & investments plan has the same benefit with additional savings feature that can grow your wealth to achieve your financial goals.

A: Alongside benefits such as death and total and permanent disability, some of our plans are investment-linked or have benefits such as guaranteed cash payments and maturity benefit.

A: An investment-linked insurance plan combines investment and protection. The premiums that are paid not only go towards the life insurance cover but also investing in specific investment funds of your choice which come with potential investment returns.

A: Premiums are calculated based on your coverage, age, and any underwriting requirements.

A: In the event of death or total & permanent disability, nominee or life assured has to check that the life insurance policy is up to date and there are benefits claimable. You may find the relevant forms and supporting documents to make a claim here. For assistance, call us at 1 300 22 6262 or check in with us at your nearest Gibraltar BSN branch. We’ll provide you with all the necessary claim form(s) to be completed, along with information on the supporting documents we'll need from you in order to process your claim. 

To expedite the payout of the policy monies in the event of a death, please ensure the policy owner makes a nomination by downloading and completing the Nomination Form on our website https://www.gibraltarbsn.com/support/forms.