Alliance Life Insurance

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Alliance Life Insurance

Incorporated in the year of 1975, Alliance Insurance has grown significantly to become the leading insurance provider in the UAE. The company offers a wide range of insurance products and services to individuals, corporations, and government bodies. With more than 40 years of experience, the company mainly works towards meeting diverse insurance requirements of its potential customers; life insurance is one of them. The company offers a broad range of life insurance plans with different benefits to provide financial security to the policyholders and his/her family in case of untimely death of the insured.

Types of Alliance Life Insurance Plans in the UAE

Alliance Insurance Company offers different life insurance plans that are created to provide sufficient funds for the future requirements of policyholder’s family.

Alliance Life Insurance Plans

Description

Premium Currency

Premium Payment Term

Policy Term

Additional Benefits

Anticipated Endowment Platinum

It is a protection & accumulation plan.

  • UAE dirhams
  • Us Dollars

Single pay, 3 years pay, 5 years pay, Full term pay

12,15,18,21,24, and 30 years

Inclusions:

  • Guaranteed survival benefits
  • Death benefit

Optional Coverage:

  • Critical illness 40
  • Permanent/partial total disability
  • Family income benefit
  • Passive War benefit
  • Waiver of premium benefit
  • Trip accident benefit
  • Accidental dismemberment and death

 

 

Endowment Assurance Platinum Plan

It is a distinctive personal protection, savings & investment plan.

  • UAE dirhams
  • Us Dollars

Single pay, 3 years pay, 5 years pay, Full term pay

Any term between 5-30 years

Inclusions:

  • Guaranteed survival benefits
  • Death benefit

Optional Coverage:

  • Critical illness 40
  • Permanent/partial total disability
  • Accidental dismemberment and death
  • Family income benefit
  • Passive War benefit
  • Waiver of premium benefit
  • Trip accident benefit

 

Quantum Four Platinum

It is a protection & investment plan.

  • UAE dirhams
  • Us Dollars

Single pay, 3 years pay, 5 years pay, Full term pay

12,16,20, or 24 years

Inclusion:

  • Guaranteed survival benefits
  • Death benefit

Optional Coverage:

  • Critical illness 40
  • Permanent/partial total disability
  • Accidental dismemberment and death
  • Family income benefit
  • Passive War benefit
  • Waiver of premium benefit
  • Trip accident benefit

 

Child Protection Plan

This plan is created to help the policyholder plan for their child’s future educational requirements.

NA

NA

NA

Inclusions:

  • Survival benefits
  • Death benefit

 

Higher Education Assistance Plan

This plan enables the policyholder to structure their savings for their child’s ongoing education.

  • UAE dirhams
  • Us Dollars

7-17 years

Minimum term of 10 years and maximum term of 20 years.

Inclusions:

  • Death benefit

Optional Coverage:

  • Accidental death benefit
  • Accidental dismemberment and death
  • Family income benefit
  • Critical illness cover
  • Triple accident benefit
  • Passive War benefit
  • Permanent total disability

Money Builder Plan

This plan enables the policyholder to accumulate adequate funds for their future needs and also enables them to enjoy benefits of life assurance protection.

NA

NA

10,15, or 20 years

Minimum Contribution:

  • 2500 US dollar annual premium

Optional Coverage:

  • Critical illness cover
  • Total permanent disability
  • Waiver of premium benefit
  • Triple accident benefit
  • Passive war risk
  • Accidental death benefit
  • Total permanent disability benefit

Optima Gold

This insurance plan is a combination of security, savings & investments.

  • UAE dirhams
  • Us Dollars

NA

  • Minimum Term: 5 years
  • Maximum Term: Attaining age 75 years

Minimum Premium Contribution:

  • 1500 US dollar (annually)
  • Inclusions:
  • Terminal illness cover
  • Death benefit

Optional Coverage:

  • Accidental death benefit
  • Accidental dismemberment and death
  • Triple accident benefit
  • Passive war risk
  • Family income benefit
  • Critical illness cover
  • Permanent & total disability
  • Waiver of premium benefit

Suprema

It is single premium bond that is created to increase the investment over the term of the insurance plan.

  • UAE dirhams
  • Us Dollars

NA

Maximum Term: 10 years

Minimum Single Contribution:

  • 5000 US dollar

Inclusion:

  • Death benefit
  • Life assurance protection

 

 

Whole Life Limited Assurance Plan

Alliance offers two Whole life products. One is “Level Premium” and another one is “Limited payment”.

  • UAE dirhams
  • Us Dollars

1. Level Premium Whole Life: Up to the maturity date of policy.

2.Limited Payment Whole Life: 10- 25 years

 

 

NA

Minimum Premium Contribution: 1000 dirhams (monthly)

Optional coverage: Triple accidental death benefit and waiver of premium.

 

 

 

 

Solidarity – New Joint Life Plan

This plan is issued on the lives of 2 individuals and it protects the lives of both for the sum covered. 

NA

NA

NA

Optional Coverage:

  • Accidental death benefit
  • Accidental death & dismemberment
  • Triple accident benefit
  • Temporary or total disablement.
  • Waiver of premium benefit
  • Family income benefit
  • Critical illness
  • Permanent total disability

 

 

Term Insurance Plan

Alliance offers four term insurance plans and they are:

1. Level Term

2. Executive Term

3. Limited Payment Term

4. Convertible Term

 

NA

  • Level Term: NA
  • Executive Term: NA
  • Limited Payment Term: 3 or 5 years
  • Convertible Term - NA

1. Level Term

Maximum Plan Term: 30 years.

2. Executive Term

Minimum Term – 5 years

Maximum Term: 30 years

3. Limited Payment Term: 10, 15, 20 or 25.

4. Convertible Term: NA

 

 

1. Level Term

Main Features: Level sum assured and level premiums.

2. Executive Term

Main Features: Low premiums and high sum assured 250,000 US dollars or over.

3. Limited Payment Term: NA

4. Convertible Term: The policyholder can convert this policy into life insurance at any time before the expiry date of policy.

Personal Accident Insurance

This policy safeguards the policyholder and his/her income in an unfortunate event. Alliance offers two plans under this policy:

1. Secura – Personal Accident Insurance

2. Total Cover- Personal Accident Insurance

NA

5.       NA

NA

Secura – Personal Accident Insurance

Inclusions: Permanent Partial disability & Permanent total disability

Optional Benefits: Level term life rider & Repatriation

Total Cover- Personal Accident Insurance

Inclusions: Recovery & death benefits

 

 

Group Life

This Alliance Life Insurance policy offers protection for a group of people (employees) under single contract.

NA

6.       NA

Na

Optional Coverage:

  • Accidental death benefit
  • Permanent & Total disability (accidental & sickness)
  • Permanent & partial disability (accidental & sickness)
  • Temporary & Total disability (accidental/sickness)
  • Critical illness
  • Terminal illness
  • Repatriation benefits – death only
  • Benefits of medical expenses - Accidental


Key Features & Benefits of the Alliance Life Insurance

Following are the key benefits of the Alliance Life Insurance Plans:

  1. Flexible Premiums: The policyholder can make premium payments by choosing monthly, quarterly, half-yearly or annually premium paying options.
  2. Extended Coverage: The Company offers a worldwide coverage at low premiums.
  3. Grace Period:
  4. Loan Facility: In case of financial crises in making the premium payments, the automatic premium loan facility will enable the insured to pay the premium from the cash value of the insurance plan.

Eligibility Criteria of Alliance Life Insurance

The table below shows the eligibility requirements for the the Alliance Life Insurance Plans:

Alliance Life Insurance Plans

Eligibility Criteria

Anticipated Endowment Platinum

  • Minimum Age at Entry: 5 years
  • Maximum Age at Entry: 65 years
  • Maximum Maturity Age: 80 years

Endowment Assurance Platinum Plan

  • Minimum Age at Entry: 5 years
  • Maximum Age at Entry: 65 years
  • Maximum Maturity Age: 80 years

Quantum Four Platinum

  • Minimum Age at Entry: 5 years
  • Maximum Age at Entry: 65 years
  • Maximum Maturity Age: 80 years

Child Protection Plan

  • Minimum Age at Entry: 1 year
  • Maximum Age at Entry: 65 years
  • Maximum Maturity Age: 75 years

Higher Education Assistance Plan

  • Minimum Age at Entry: 1 year
  • Maximum Age at Entry: 65 years
  • Maximum Maturity Age: 75 years

Money Builder Plan

  • Minimum Age at Entry: 20 years
  • Maximum Age at Entry: 60 years

Optima Gold

  • Minimum Age at Entry: 18 years
  • Maximum Age at Entry: 65 years

Suprema

No Age Restrictions. 

Whole Life Limited Assurance Plan

  • Minimum Age at Entry: 18 years
  • Maximum Age at Entry: 65 years
  • Maximum Maturity Age: 90 years

Solidarity – New Joint Life Plan

NA

Term Insurance Plan

NA

Personal Accident Insurance

NA

Group Life

NA

Claim Process of Alliance Life Insurance

Alliance helps the beneficiary of the policyholder in making the insurance claim easily and conveniently. Well, claim can be processed by following the three simple steps:

Contact Customer Care

The first step is to contact the customer care executive of the Alliance Insurance Company who will further help in the claim process.

Submission of Documents

The next important step is the submission of all the required documents to the provider.

Reviewing & Processing

In the final step of the claim, the insurer will review the claim application form as well as submitted documents. After verifying the information, the company will process the claim further.

Contact Details of Alliance Life Insurance

Alliance has a dedicated customer care team for life insurance, which can be easily reached on the number +971 4605 1111 or email address care[@]alliance-uae[.]com.

FAQs on Alliance Life Insurance

Q.1. Is there any geographical restriction for Alliance Life Insurance Cover?

Ans: The company offers worldwide coverage except those countries where war has been sanctioned or declared.

Q.2. Can I increase or decrease my life insurance coverage?

Ans: Certainly yes. You can increase or decrease your coverage, depending on the terms and conditions of the policy.

Q.3. How Can I make the premium payment?

Ans: You can make the premium payment through the following ways:

  • Cash payment – It is accepted at the company’s head office or also at designated bank branches.
  • Telex transfer to the company’s bank accounts.
  • Direct Deposit at any of the Alliance branch.
  • Credit card payment by using a credit authorization form.
  • Deposit to the company’s account in Emirates NBD or Union National Bank.
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