Alliance Life Insurance: Compare Plans, Premiums and Benefits

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:

Flexible Premiums: The policyholder can make premium payments by choosing monthly, quarterly, half-yearly or annually premium paying options.
Extended Coverage: The Company offers a worldwide coverage at low premiums.
Grace Period:
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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