FPI Life Insurance
Friends Provident International (FPI) Life Insurance Company is an international company that has 40 years of experience in the life assurance market. The company has successfully established a powerful customer-centric business in the insurance sector that promotes innovation and excellence.
FPI offers award-winning protection services and products that can be tailored to meet its customer’s needs. FPI life insurance plan can protect the policyholders, their family, and their business against unfortunate events such as critical illness or premature death.
Life insurance is one of the important parts of any financial planning. It helps the people to protect their family, their home, and their business against premature demise or critical illness. FPI Life insurance can provide much-needed financial support to the policyholder. Also, it offers protection to family members so that all of their financial requirements can easily be met when the policyholder is not around them. Depending on the requirements or situations, the proceeds of a life insurance plan can be utilized to pay the mortgage or other outstanding debts, pay for funeral expenditures & repatriation costs, and much more.
Critical Illness Cover
Critical illness cover is a rider that complements the FPI life insurance plan and ensures that the insured has enough resources available to assist with recovery from a critical illness or to make life easier if in case the policyholder is diagnosed with any of the critical illnesses. This insurance cover loss of earnings if the insured is unable to work & the cost associated with any other major disruption to their life.
International Protector Middle East
International Protector Middle East is one of the best protection products. It ensures complete peace of mind by offering the protection solution in order to meet its customer’s needs. One can opt for the life cover, critical illness cover, and life or earlier critical illness cover in one FPI life insurance plan.
Customers can select from 3 varied cover options and they are as follows:
- Stand-alone life cover
- Stand-alone critical illness cover
- Life cover or earlier critical illness cover.
Therefore, customers have the choice of level or reducing term assurance based on their circumstances.
Unique Features & Benefits
1. Life Cover
It will pay out to support family members financially in an event of the demise of the policyholder.
2. Critical Illness Cover
This FPI plan will payout if the insured is diagnosed with one of the FPI’s mentioned serious illnesses. Therefore, it helps the policyholder to concentrate on recovering instead of panicking about their finances.
3. Life Cover or Earlier Critical Illness Cover
It pays a cash sum if the policyholder dies or he/she is diagnosed with one of the FPI’s mentioned serious illnesses whichever occurs initially. However, it provides financial protection for both circumstances.
4. Terminal Illness Benefit
It will pay out if the policyholder is diagnosed with a terminal illness. This add-on is included at no extra cost for life cover plans with terms of three or more years and all life or earlier critical illness covers. The insured can get much-needed financial protection through this terminal illness benefit.
5. Total & Permanent Disability Benefit
It is an optional rider to Life Cover that will pay out if the policyholder is diagnosed with total & permanent disability. The insured will get monetary support if in case he/she becomes total or permanently disabled.
6. Assured Premiums
Premiums will remain unchanged for life cover and life cover with total & permanent disability. Hence, one can make a budget effectively since the premiums of these FPI life insurance plans will never go high. However, critical illness cover premiums are assured for the initial five years.
Premiums and covers are available in multiple currencies which include US Dollars (USD), UAE Dirham (AED), Sterling (GBP), and Euro (EUR). The policy seeker can select any currency that suits them the most. But please note that it will remain the same throughout the plan.
8. Single & Joint Life
FPI plans are available on the basis of single or joint life. One can choose the joint life if he/she wants to offer financial protection to his/her spouse. Under the joint life, the spouse will be covered.
9. Flexible Terms
Life Cover is available for multiple years, providing the policy seeker is under age 80 at the end or at age 70 for critical illness cover (CIC).
10. Monthly or Annual Premiums
Premiums can be paid either on a monthly basis or annual basis.
11. Level or Decreasing Term
Both these covers provide the lump sum payment. One can opt for the cover as per their circumstances.
It is portable which simply means the policyholder can take it along with themselves if they decide to move to other place.
Contact Details of Friends Provident International Life Insurance
Address: Friends Provident International Limited, PO BOX 215113, Emaar Square, Building 6, Floor 5 Dubai, UAE
Tel: +971 4436 2800
Friends Provident International Life Insurance - FAQs
Q.1. Why should I opt for FPI Life Insurance Plan?
Ans. If someone in your family is likely to suffer financially if you die prematurely or fall seriously ill, then you must opt for life insurance and critical illness cover. FPI life insurance policy helps in reducing the financial impact that death or serious illness would have on your family. Since the proceeds of life insurance are payable immediately, enabling the family members to take care of the mortgage, education fees, and some other debts.
Q.2. How can I track my claim?
Ans. As a policyholder, you can track your insurance claim via the FPI’s official website.
Q.3. What are the different riders available with FPI Life Insurance Plan?
Ans. The following riders are available with FPI Life Insurance Plan:
- Critical Illness Cover
- Terminal Illness Benefit
- Total & Permanent Disability Benefit
Q.4. What is the payment frequency for FPI Life Insurance Plan?
Ans. Premiums can be paid either on a monthly basis or annual basis.
Q.5. Are premiums and covers are available in multiple currencies?
Ans. Yes, premiums and covers are available in multiple currencies which include US Dollars (USD), UAE Dirham (AED), Sterling (GBP), and Euro (EUR).
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