Union Term Insurance

The Union Term Insurance policy is specifically designed to help your loved ones meet their financial commitments. This includes mortgage payments, school fees, unpaid debts, and other essential expenses.

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With comprehensive coverage and affordable insurance packages, Union Term Insurance ensures your family receives reliable support through every possible contingency.

Types of Union Term Insurance UAE

Here are the three types of Union Term Insurance UAE plans available for you —

Smart Term Life 

This Union Term Insurance plan is a pure protection solution designed to secure your loved ones' financial future for up to 35 years. It provides all-inclusive coverage against global death from any cause. You also have the freedom to select the duration of coverage and the amount insured. 

This plan focuses solely on protection, without maturity, surrender, or survival benefits, providing peace of mind for you and your family.

Inclusions:

  • The policy provides coverage options of up to AED 5,000,000
  • Financial support through a lump sum payout helps your family manage essential expenses after your passing
  • Coverage for death from any cause, including accidents and sickness, worldwide
  • Protection lasting up to 35 years
  • Get sum assured of up to AED 1 million without medical questionnaires or examinations
  • Death due to pre-existing conditions covered after six months

 

Super Secure Insurance

This is a versatile investment solution that merges savings and insurance to help you achieve your financial goals. As a regular premium unit-linked product, it allows you to accumulate funds while providing essential insurance coverage to protect those goals in your absence. 

It offers a path to regular income after retirement and includes lump sum payouts to support your loved ones. This makes it an ideal choice for those looking for both financial growth and security.

Inclusions:

  • Choose a death cover of 101% of the fund value or another amount based on underwriting approval
  • Additional protection against specific risks
  • Enjoy immediate benefits upon policy initiation
  • Loyalty addition rewards for long-term policyholders

Flexible optional benefits —

  • Financial Support with Fresh Start Option
  • Critical Illness Advancement Benefit
  • Waiver of Premium for Permanent Disability or Involuntary Job Loss
  • Hospital Allowance Benefit
  • Covers Family Income in Critical Illness

 

Flexi Life Insurance

This Union Term Insurance plan supports your financial goals while adapting to your evolving lifestyle. It offers a platform to build your investment portfolio from a variety of options, promoting a disciplined approach to wealth creation. 

Inclusions:

  • Allocate your premium to funds of your choice, benefiting from competitive allocation charges.
  • Modify your benefits to suit your needs, including adjusting amounts and optional features.
  • Select from monthly, quarterly, semi-annual, or annual premium payments, with the ability to make additional contributions anytime.
  • Enjoy cost-effective features like home shield and family travel coverage
  • Get free annual medical checkups and a bonus from years 6 to 13

Why Should You Choose Union Term Insurance Dubai?

Here are the reasons why Union Term Insurance stands out as a reliable source for securing your family’s financial future —

Why Description
Customisable Plans You will get dedicated support from an experienced team that will guide you to find the right policy. You can customise your policy to match your specific needs.
Financial Protection for Your Family The plan ensures that your nominees and family members receive essential financial support in the event of your untimely demise, safeguarding their future.
Experienced Team A highly skilled in-house team will assist you with comprehensive services, including accurate gap analysis and risk assessment.
Digital Capabilities Enjoy a streamlined experience with the website’s digital tools, making Union Term Insurance login easy. Also, you can submit claims and issue policies without hassle.
Convenient Payment Options You can choose from flexible payment methods, including debit cards, bank transfers, credit cards, and post-dated cheques, making premium payments simple and accessible.
Health Expense Coverage Enjoy additional benefits such as critical illness coverage, accidental medical coverage, and hospital cash benefits.

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Union Term Insurance Settlement Process 

Follow the steps mentioned below for a smooth claim process —

Steps Process
Claim Intimation

You need to notify Union Insurance within the specified period as per your policy terms.

Send an email to IPOps@unioninsurance.ae with the following details and your policy specification schedule —

  • Policy number
  • Your name
  • Date of birth
  • Date of event
  • Incident Description 
  • Claim type
Acknowledgment Within two working days, you will receive an acknowledgment of your email. Also, the claim reference number and a request for the necessary documents to process your claim.
Document Submission Submit the required claim documents within the stipulated period specified in your policy terms.
Claim Processing
  • Their team will acknowledge receipt of your documents within two working days.
  • You will receive updates on the status of your claim within 10-15 working days from the date they receive all required documents.
  • There is a chance that you may need to submit additional documents, or your request can be approved or declined based on the evaluation of the provided information.
Claim Approval If your claim is approved, you will receive a discharge receipt to sign.
Settlement The claim settlement will be processed within 15 working days (subject to finance approval and no outstanding premiums) from the date of receiving the signed discharge receipt.
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Frequently Asked Questions

Is Union Insurance Company trustworthy?

Union Insurance Company is considered trustworthy, with a solid reputation in the industry. They are licensed by the UAE Insurance Authority and are listed on the Abu Dhabi Securities Exchange, which adds to their credibility. You can also check the Union Term Insurance reviews online to be more sure.

Who is eligible for the Smart Term Life Plan?

Individuals aged 18 to 60 years holding a valid United Arab Emirates residence visa are eligible for this Union Term Insurance plan.

Can my partner and I have the same Super Secure insurance policy?

Yes, the policy can be issued in single-life or joint-life forms, allowing both partners to be covered.

Can I cancel the Flexi Life policy if I want to?

Yes, you can cancel the Flexi Life policy by submitting the Free Look Cancellation Form signed within 21 days from the policy commencement date.

What are the Smart Term Life insurance policy exclusions?

Exclusions include death from war, aviation activities, criminal acts, suicide within the first 12 months, self-inflicted injuries, nuclear material exposure, certain terminal illnesses within the first 12 months, and COVID-19 within the first 30 days.

Can the Smart Term Life policy be terminated against my wishes?

Yes, termination can occur if you become ineligible, fail to pay premiums within the grace period, exceed the principal sum, or exceed the age of 70.

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