Life insurance

What you need to know

Insurance is about protecting the people who are most important to you. It’s about having financial protection — in the event you need it. It’s about taking care of your loved ones should you die. It’s about having peace of mind.

What the plans cover

PayPal pays for your life insurance cover, and your enrolment in the plan is automatic. The life insurance benefit pays your beneficiaries a lump sum of:

  • 3x your monthly salary, excluding holiday allowance
  • 5x the salary portion above 137,800 (2024 figure)