Friends Provident International (FPI) Life Insurance UAE

Important: Friends Provident International does not provide financial advice or sell products directly to customers. If you need information about its products or want to purchase a policy, you should contact a licensed financial adviser or authorised intermediary.

Friends Provident Insurance at a Glance

Coverage limits and eligibility depend on underwriting and the selected plan.

Who are Friends Provident International (FPI)?

Friends Provident International (FPI) is a highly regarded life insurance provider with over 40 years of experience in the international market. As part of International Financial Group Limited (IFGL), FPI manages $25 billion in assets for 216,000 customers globally, ensuring a solid financial foundation.

For most UAE residents and expatriates, International Protector Middle East+ (IPME+) is the flagship protection plan offered by Friends Provident life assurance.

• It is specifically designed for people living in the UAE and other GCC countries who want international life insurance that can continue even if they relocate in the future.
• The plan is available only through qualified financial advisers. Applications from UAE residents must be submitted through advisers regulated in the Dubai International Financial Centre (DIFC).
• Unlike traditional savings or investment plans, IPME+ is a pure protection plan.
• Its purpose is to provide financial support to you or your family if you pass away or are diagnosed with a covered critical illness during the policy term.

The insurer offers its FPI UAE plan with three main protection options:

1. Stand-alone life cover: Provides financial support for your beneficiaries in the event of your passing.
2. Stand-alone critical illness cover: Offers a payout if you’re diagnosed with a covered critical illness, helping you manage costs during recovery.
3. Combined insurance: This comprehensive option pays the benefit if you either:
   1. pass away during the policy term, or
   2. are diagnosed with a covered critical illness.

Whichever event happens first triggers the policy payout.

Furthermore, you can select level or decreasing term coverage according to your situation, ensuring the coverage fits your needs and financial objectives.

What is Included in the FPI Life Insurance Cover?

FPI Life Insurance UAE offers a range of tailored protection plans designed to provide you with the financial security you need during challenging times.

The cover includes the International Protector Middle East + (IPME+) plan.

Here’s a closer look at the types of coverage available —

• Life Cover: Offering protection up to $32 million, this policy pays out upon the death or diagnosis of a terminal illness during the policy term. This sum ensures your loved ones are financially supported.
• Life Cover with Total Permanent Disability Benefit: This option includes coverage up to $2 million for total and permanent disability due to physical illness or injury, providing an extra layer of financial protection.
• Life or Earlier Critical Illness Cover: With a payout of up to $1,250,000, this policy provides a cash sum if you pass away or are diagnosed with a terminal illness, critical illness, or disability during the policy term.
• Critical Illness Cover: Also available up to $1,250,000, this coverage pays out if you are diagnosed with a critical illness or disability, allowing you to focus on recovery without financial stress.
• Mortgage Protection: By assigning your policy to your lender as security, you can ensure that any outstanding mortgage is repaid directly in the event of a valid claim. This benefit can save your family from this financial burden.

Key Features of FPI Life Insurance Policy

Choosing an FPI Life Insurance policy offers a range of valuable benefits designed to provide you and your loved ones with financial security and peace of mind —

• Best Doctors® Second Medical Opinion: Policyholders also receive access to the Best Doctors® service, allowing them to seek a second medical opinion from an international network of specialists at no additional cost.
• Accidental Death Benefit During the Initial Waiting Period: Once FPI receives your fully completed application, you may be eligible for free accidental death cover during the initial 60-day period while your application is being processed.
• The benefit payable is the lower of:
  - USD 250,000, or
  - The life cover amount you applied for.
• Free Children's Critical Illness and Disability Benefit: Parents and legal guardians covered under the policy can receive complimentary Children's Critical Illness and Disability Benefit for up to three children.
• Advanced Claim Payment: In case of the insured person's death, eligible beneficiaries can apply for an advance payment of up to USD 10,000 from the policy benefit before the final claim assessment and settlement is completed, subject to the insurer's terms and eligibility criteria.
• Guaranteed Premiums: Enjoy fixed premiums for Life Cover and Life Cover with TPD, with CIC premiums guaranteed for the first five years. This allows for effective budgeting without surprises.
• Multi-Currency Options: Choose a currency that suits you, with premiums and coverage available in USD, GBP, EUR, and AED.
• Flexible Coverage Terms: Tailor your cover for any number of years up to age 80 (age 70 for CIC), allowing you to match your policy to specific needs, like a mortgage term.
• Payment Flexibility: Opt for monthly or annual premium payments based on what works best for your budget.
• Level or Decreasing Term Options: Choose between level cover for consistent payout amounts or decreasing term cover, which adjusts to your outstanding liabilities, ideal for mortgage protection.
• Portability: The policy is portable, meaning you can take it with you if you move.

Who Can Buy FPI Life Insurance in the UAE?

International Protector Middle East+ (IPME+) is designed for individuals living in the UAE and other GCC countries who need international life insurance protection. The policy is available to both UAE nationals and expatriates, subject to the insurer's underwriting guidelines. Applications from UAE residents must be submitted through a licensed financial adviser regulated in the Dubai International Financial Centre (DIFC).

General Eligibility

*Note: Life-only cover can be extended up to USD 32,000,000, while standalone Critical Illness Cover is capped at USD 1,250,000.

Why Choose FPI Life Insurance UAE?

Life insurance is a crucial safety net for everyone, no matter your age, gender, beliefs, or financial situation.

With FPI Life Insurance, you can —

For more information, you can always check the FPI Life Insurance reviews online.

How to Buy FPI Life Insurance in the UAE?

Since Friends Provident International does not sell policies directly to customers, you'll need to purchase the plan through a qualified financial adviser. The process usually involves these steps:

1. Discuss your protection needs with a licensed adviser
2. Choose the most suitable cover option
3. Decide the sum assured, policy term, and currency
4. Complete the application form
5. Submit identity, residency, and income documents
6. Complete medical underwriting if required
7. Pay your first premium
8. Once the underwriting process is complete and your application is approved, you will receive your policy

Unlike many local insurers, FPI follows an adviser-led application process. This helps ensure the recommended cover aligns with your financial needs, goals, and family responsibilities.

How Much Does FPI Life Insurance Cost?

You might be surprised to know that getting life insurance isn’t as expensive as you think. It is one of the most cost-effective ways to secure coverage against death or serious illness. While this type of insurance doesn’t accumulate a surrender or maturity value, it offers invaluable peace of mind.

Here’s the cost breakdown —

Your actual premium depends on several factors, including:

• Your age
• Smoking status
• Health condition
• Occupation
• Country of residence
• Sum assured
• Policy term
• Optional benefits selected

Life Cover premiums are generally guaranteed throughout the policy term, while plans including critical illness cover may be reviewed periodically according to the policy terms.

FPI UAE vs Other Life Insurance Companies in the UAE

Sources: Official product information from Friends Provident International, Zurich UAE, MetLife UAE and HAYAH UAE.

Can UAE Residents Buy Friends Provident International Life Insurance?

Friends Provident International offers the International Protector Middle East+ (IPME+) plan to eligible UAE residents. The product is specifically designed for expatriates and residents in the UAE and other GCC countries. However, they will need to purchase the plan through licensed financial advisers.

If you're comparing life insurance options, you can compare plans with other leading insurers on Policybazaar.ae to find a policy that best suits your budget and protection needs.

Frequently Asked Questions