Many years ago, when I was young I had a 105E Anglia, over a few days the oil warning light started to flicker & then came on full time. Received wisdom from my friends that knew about these things was that it was merely the sender.
I bought & fitted a new sender & all was well for about a week, then one morning on my way to work the oil light came on and shortly after the engine began making the most awful screeching noises. I had to be towed home!
On taking the thing to bits I found the big end bearings hammered flat & the actual bearing metal melted in places. The crankshaft didn't seem too bad so new bearings were fitted, the engine reassembled and all was well.
Some weeks later the oil light came on again whilst on holiday and a long way from home, this time I went direct to a garage where they told me the oil pump had expired.
Just sayin' like, be careful!
HH