Buy a term plan and secure your family
The majority of the population residing in the UAE comprises expatriates that have migrated from their native country to the UAE in search of better job opportunities and remuneration. In order to cater to the needs of these expatriates as well as UAE nationals and to provide them financial protection, it is important to purchase a life insurance policy.
The insurance market in the UAE is extremely diverse and therefore it becomes difficult for insurance seekers to find an Life insurance plan that fulfills there needs and fits perfectly into their budget. A common scenario observed here is their people tend to remain uninsured which is extremely dangerous. Therefore, in order to help insurance seekers, surpass the barrier of this dilemma and choosing the right life insurance we have compiled a list of best life insurance plans for couples in the UAE.
Noor Takaful is one of the biggest market players when it comes to insurance in the UAE. The company is known for its Shariah-compliant innovative takaful solutions for its customers. The pure protection plan from Noor Takaful is a comprehensive life insurance plan that is highly suitable for both couples as well as individuals.
The pure protection from Noor Takaful provided primary takaful coverage and provides a death benefit in case of an event that leads to the demise or disability of the policyholder. Apart from the basic coverage if customers are willing to enhance the protection quotient of their life insurance there is an option of adding riders such as critical illness coverage, terminal illness coverage, waiver of premium, and permanent/ temporary disability benefit.
Another useful plan from Noor Takaful that is the life care plan that offers death benefit in case of any event that leads to the disability or demise of the policyholder. The plan provides financial cushioning to the loved ones of the deceased and helps them to deal with outstanding financial obligations such as a mortgage, car loans, etc.
Apart from the basic plan, the life care plan from Noor Takaful comes with a provision of add auxiliary riders that improve the protection offered by the basic plan. Some of the main add-on riders are critical illness, terminal illness, waiver of premium, and permanent/temporary disability benefit riders.
Alliance insurance is one of the most trusted and oldest insurance providers that operate all across the middle east and the UAE. The company offers both wholes of life and term insurance plans that are highly suitable for couples. These plans not only look after the individual needs but also take care of the needs of the couple.
The whole life plan from Alliance insurance offers coverage for the entire life of the policyholder by which they can ensure that their spouse has financial support when they are not around to look after their needs. In case of an event that leads to disability or demise of the policyholder, the nominee of the life insurance plan will receive the death benefit in the form of sum assured that will help them to make ends meet during the phases of financial turmoil.
Salama is one of the largest Shariah-compliant takaful providers that offer services in the UAE and various other parts of the middle east. The Hyat plus plan from Salama life insurance is quite distinct from other plans of the same category. The plan offers international coverage that turns out to be extremely beneficial for customers that are expatriates and have migrated from their country to the UAE.
Apart from international coverage, there is an option of customization by which customers can tailor life insurance plans based on their individual needs. The Hyat plus plan from Salama comes with the option of add on riders which increases the protection quotient of the basic plan. The plan is suitable for a couple and is budget-friendly which contributes to its popularity in the UAE.
In a Nutshell
As our medical needs change with time so do our insurance needs change. To make sure that you are financially safe and secure against uncertainties it is important to stay updated with changing insurance needs. With the above-mentioned plans, it would become easier and convenient for customers to choose the right plan that not only fulfills all their needs but also fits well into their budget. Before you go ahead and make a decision it is important to research and compare plans to make sure that you choose the best plan.