Buy a term plan and secure your family
Alliance Insurance is a leading insurance provider in the UAE. They have product offerings for corporations, individuals, and government bodies. The organization is particularly known for its term insurance offering.
Before going forward, it is important to understand what term insurance is.
Term insurance provides the policyholder with a life cover that extends for a pre-determined tenure. This tenure can range from 5 to 30 years depending on the customer’s needs. Alliance Insurance is a market leader when it comes to term insurance products that are available at zero cash values and low premiums.
Alliance Insurance offers different types of term plans.
This Alliance term life insurance plan offers a sum assured value of up to AED 1 million. This is a level term plan, which means that the calculated premium remains the same throughout the tenure of the plan.
This too is a level term plan but offers a sum assured value higher than AED 1 million. The plan tenure ranges from 5 years (minimum) to 30 years (maximum).
The applicant has the option to pay the premium for either 3 years or 5 years, for an Alliance term life insurance plan with tenure options ranging from 10 years to 25 years.
This type of Alliance term life insurance plan allows the policyholder to convert his/her policy into a life insurance cover.
Term plans provided by Alliance Insurance come with the following benefits.
The beneficiary of the policy will receive a payout in the event of the sudden demise of the policyholder due to any cause.
The guaranteed amount the nominee will receive in case of the policyholder's death. Alliance Insurance offers several sum assured options.
Alliance Insurance offers some of the lowest premiums in the market.
Alliance Insurance term plans come with tenure options of 5 years to 30 years.
The insurer has the option of converting the policy into a life insurance cover offered by Alliance Insurance at the time of conversion. However, this conversion can only be done before the expiry date mentioned on the policy certificate.
The table provides an overview of the different term plans offered by the company.
Term Plan Type
Limited Payment Term
The company offers its customers a certain confidence level that goes beyond the policy agreement. Apart from dynamic services, the company also has a helpful and professional support team that is available to provide customers with quality assistance.
Alliance Insurance Company dedicatedly assists the beneficiary with the claims process. Here is a rundown of the claim process for an Alliance term life insurance.
The first step in the claims process is contacting customer care and lodging the claim.
The next and most important step is the submission of all required documents to the company.
As part of the final step, the company will review the claim application along with all supporting documents. After the verification is complete, the company will process the claim.
Alliance has a dedicated support team for term insurance, which can be reached at +971 46051111 or at email@example.com.
Q1: How do I make payment of my premium?
Ans: The company gives you the following options for paying your premium.
Q2: How do I submit a death claim?
Ans: In the event of your death, your beneficiary will have to submit a claim form along with all supporting documents.
Q3: Can I make the payment for my premium from outside the UAE?
Ans: You can pay your premium through telex transfer from any part of the world to anyone of Alliance Insurance’s bank accounts in Emirates NBD or Union National Bank.
Q4: Are there any special requirements if the policyholder dies outside the UAE?
Ans: If death occurs in a foreign country the death certificate needs to be attested by the UAE embassy in that country and the Ministry of Foreign Affairs. Once attested, it needs to be submitted with the claim form and other necessary supporting documentation.
Q5: How will the claim be settled if the beneficiary is outside the UAE?
Ans: The due amount will be paid in any chosen currency by telex transfer to the beneficiary’s bank account in any part of the world.