National Life and General Insurance

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AED 1 million coverage starting @ AED 40/month
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Founded in 1995, National Life and General Insurance has consistently proven its dedication to protecting individuals and their families over the years. By offering comprehensive life insurance solutions tailored to diverse needs, the company empowers customers to face uncertainties with confidence.

What sets National Life and General Insurance apart is their unwavering commitment to excellence, resulting in numerous industry accolades. Renowned for their exceptional service and innovative products, they have earned prestigious awards, including the Insurance Provider of the Year for three consecutive years. These honours serve as a testament to their steadfast commitment to customer satisfaction and their distinguished expertise in the life insurance sector.

In this article, we will delve into the life insurance plans offered by National Life and General Insurance in the UAE. 

 

National Life Term Plan
Term Policy 10 Years
  • Life Cover AED 350,000
  • Accident From Day One AED 350,000
  • Sickness From Day One AED 350,000
  • COVID-19 Coverage : After 30 days
  • Pre Existing Disease Coverage : Subject to Insurer Approval
  • Worldwide Coverage : Yes
  • Maturity Bonus Payout : No
Starting from AED 260 Yearly

Top Features of National Term Life Insurance Plan in UAE, Dubai

  • Wide Coverage: The term life insurance plan from the National Life Insurance company not only offers financial support in the event of death of the insured but also aids with a terminal illness, critical illness and permanent disabilities. The applicants can choose to add critical illness and permanent disability cover.
  • Easy Claim Process: Applying for a claim for a term insurance policy with National Life Insurance Company is very simple and easy. You simply need to download the form and complete the process in two or three small steps. 
  • Grace Period Availability: National Life Insurance company allows a grace period of 30 days before the due day of the premium payment from the term life insurance plan. 
  • Insurance Revival Period: There is also a revival period of 9 months applicable on the term insurance plan where you can make a late payment and still keep the insurance plan running. You can easily renew the term insurance policy after 9 months from the lapse. 
  • Level Term Insurance Plan: The term insurance plan offered by national term life insurance is a level type plan where the premium of the plan stays the same throughout the plan. 

Types of Life Insurance at National Life & General Insurance Company in UAE, Dubai

As a prominent life insurance provider in the UAE, National Life and General Insurance offers 2 major types of life insurance products. Let’s take a look at their salient features below -  

Term Life Insurance 

This is an affordable and effective National Life and General Insurance product that assures financial security for the policyholder’s family in case of their unfortunate demise. This life insurance plan enables the family of the deceased policyholder to meet their future financial objectives even in the latter’s absence. 

The minimum age to enter this policy is 20 years. The maximum age limit, on the other hand, is 60 years. 

Check out the table below for the major benefits that the policyholders and their family members can receive by purchasing this policy -

Specifications

Minimum Amount

Maximum Amount

Death Benefit (DAC)

AED 350,000

AED 1,800,000

Terminal Illness Sum Assured

AED 350,000

100% of the Death Benefit Sum Assured

Critical Illness Sum Assured (Optional)

10% of the Death Benefit Sum Assured

50% of the Death Benefit Sum Assured

Accidental Total Permanent Total Disability - Waiver of Premium (optional)

N/A

Equivalent to the remaining premium from the incident date

Listed below are some of the salient features of this life insurance product -

  • Flexible Policy Tenure - Minimum: 5 years; Maximum: 35 years
  • Free Look Period - 30 days from the commencement date
  • Grace Period - 30 days from the date when the premium was due
  • Revival Period - Permitted up to 9 months from the date when the policy lapsed
  • Premium Payment Frequency - monthly, half-yearly, quarterly, or yearly

Group Life Insurance

This life insurance product from National Life and General Insurance helps organisations financially secure their employees against life’s uncertainties at affordable rates. This plan is usually provided as a part of a comprehensive employee benefit package. 

A group life insurance plan offers the employees of an organisation an assured financial safety net to compensate for the loss of income, cover financial obligations, and daily expenses in case of an unfortunate event. 

The group life insurance from NLG is vouched for its smooth functioning in terms of ease of removing former employees and adding new employees into the policy. Let’s now look into the basic cover offered by Group Life Insurance from National Life and General Insurance - 

Death Benefit - If an employee passes away, the insurance provider would offer a lump sum amount as sum assured. The criteria for choosing this sum assured are mentioned below -

  1. In the multiples of yearly or monthly salary of the employees
  2. Based on the position or grade of the employees
  3. The same sum assured for all employees

Terminal Illness Benefit - If the employee is terminally ill, the life insurance provider will pay a lump sum amount. 

Discussed below are some add-ons that you can opt for your company with this life insurance policy -

  • Accidental Death Benefit -  If an employee passes away due to an accident, the insurance provider will pay an additional amount along with the principal sum on behalf of the company (if this rider is added to the plan). 
  • Temporary Total Disability - This benefit offers financial compensation in case an employee fails to report to work because of a temporary, complete, and continuous disability that is caused by an accident or sickness. The company has the flexibility to choose the payout duration between 52 weeks and 104 weeks.
  • Permanent Total and Partial Disability - In case an employee suffers from permanent total or partial disability, the insurance provider, on behalf of the company, pays a lump sum amount. 
  • Medical Expenses for an Accident - The employees are reimbursed for medical expenses that they incur because of accidental injuries. The reimbursement amount is determined based on the customary prices that the network providers with the insurance company have to offer. 
  • Repatriation Expenses - If an employee passes away or suffers permanent total disability, the insurance provider would cover their repatriation costs. The reimbursement cost includes economy-class air tickets for the accompanying person as well. 

Inclusions & Exclusions for Individual Term Life Insurance -  National Life & General Insurance in UAE, Dubai

Following are the complete details of the inclusions of Individual term life insurance plans offered by the company:

List of Inclusions:

  • Death Benefits of minimum AED 350,000 sum assured to a maximum of AED 1,800,000 sum assured amount.
  • Terminal Illness Benefit with the same sum assured amount as the Death benefit. The sum is paid on an accelerated basis for terminal illness.

Add-on Optional Covers:

  • Critical Illness Cover – Paid-up as 10% to 50% of the assured death benefit amount. 
  • Accidental Permanent Disability – Waived off outstanding premium amount from the date of the incident. 

List of Exclusions:

  • Accidental death
  • Accidental disability (add-on available)
  • Death involving the use of alcohol and drugs – driving or intoxication/overdose
  • Suicidal death or self-inflicted injuries
  • Death/disability by hazardous or illegal activities 
  • Death due to conflicts, natural disasters and terrorism 
  • Professional sports
  • Death due to undeclared critical and/or terminal conditions (available add-on for declared conditions)

Inclusions & Exclusions for Group Life Insurance - National Life & General Insurance in UAE, Dubai

Following are basic and additional value-added benefits of the group life insurance plan offered by National Life Insurance Company:

List of Inclusions:

  • Death of the insured due to any cause
  • Terminal Illness cover – paid in a lump sum amount 

Value-Added Benefits:

  • Death due to an accident 
  • Permanent disabilities 
  • Temporary disability 
  • Medical expenses due to an accident
  • Repatriation expenses in case of demise in a foreign country
  • Critical illness

List of Exclusions:

  • Death/disability due to accidents (available add-on)
  • Death involving the use of alcohol and drugs – driving or intoxication/overdose
  • Suicide or disabilities by self-inflicted injuries
  • Death/disability by hazardous or illegal activities 
  • Death due to conflicts, natural disasters and terrorism 
  • Professional sports
  • Death due to undeclared critical and/or terminal conditions (available add-on for declared conditions)

The group life insurance cover can opt-in three different types of plan options:

  • As a multiple of the annual or monthly income of the employees
  • Grade or designation of the employees
  • A fixed one plan and sum for all employees

Best Term Life Insurance Plans from National Life & General Insurance Company in UAE

Life Insurance Plan Highlights
Term Life Insurance Plan
  • Personal life insurance plan for individual 
  • Demise cover for the insured
  • Terminal illness cover
  • Add-ons – critical illness, accidental disability 
Group Life Insurance Plan
  • For corporate and their employees
  • Death Benefits for the insured person’s demise
  • Terminal illness cover
  • Add-ons – accidental death, disability, critical illness, repatriation expenses, etc. 


Eligibility Criteria for National Term Life Insurance in UAE, Dubai

Following are the eligibility criteria for both individual and group life insurance plans is as follows:

Eligibility Criteria For Individual Term Insurance Plan

  • All UAE nationals and residents are eligible to take the term insurance policy
  • The minimum age to join the policy is 20 years
  • The maximum age to join the policy is 60 years

Eligibility Criteria For Group Life Insurance

  • Any working employee of the company is eligible for the group life insurance policy
  • Can be additional criteria as per individual company policies

Reasons Why Life Insurance from National Life and General Insurance is Preferred 

Here are the reasons why you should buy a life insurance plan from National Life and General Insurance -

  • Seamless claim settlement process
  • Over 500 dedicated staff members to assist you
  • 24/7 customer care
  • Life insurance plans with global coverage
  • Flexible premium paying tenures
  • Customised life insurance products

Policybazaar Insurance UAE - The Ultimate Platform for All Your Life Insurance and Investment Needs

The best way to purchase a life insurance plan without any hassles is via Policybazaar Insurance UAE. This is an online portal that hosts the best life insurance plans in the UAE from the major insurance players in the country. The website is pretty easy to use and allows you to apply for life insurance in just a few clicks. 

To apply for a life insurance plan, you can start by visiting the ‘life insurance’ tab on the home page. You will be then directed to the lead form - fill it out correctly and click on the “View Quotes” button. 

This will take you to our life insurance quotes page, where you can look for National Life and General Insurance’s life insurance products and explore their features, estimated premiums, and more. Once you make the decision, click on the ‘Apply Now’ button and follow the instructions mentioned thereon. 

Documents Required to Opt for National Term Life & General Insurance in UAE

You will only need a basic set of documents to buy a term life insurance plan. Listed following is the complete set of all the documentation necessary:

  • Passport – a copy and the original
  • Visa page copy and the original Visa 
  • Emirates ID

Note: Additional documents may be required as per your company policy for group insurance plans. You can confirm with the HR of the department for the same. 

Claim Process of National Life Insurance Term Life Insurance Plans

You can file a claim for the term insurance by following the below-given steps:

In case of demise of the insured

  • Step 1: The beneficiary of the term insurance plan shall obtain the claim form of the insurance plan.
  • Step 2: Fill out the form, sign and attest it and attach it with the death certificate of the insured.
  • Step 3: Submit the set of final documents to the head office of the National Life Insurance Company. You can also submit the documents to the company HR of the insured in case it is a group life insurance claim. 

In case of permanent or temporary disability, critical illness and terminal illness

  • Step 1: The insured shall obtain the claim form from the company links or offices.
  • Step 2: Collect all-important document – the hospital discharge papers, hospital bills, certificate of disability from concerned authorities and rehab completion or medical fitness certificate.
  • Step 3: Fill out the form and attach an all-important document with it.
  • Step 4: Submit the set to the company office by courier or by paying a visit. If it is a group life insurance claim, you can submit the documents to your company HR. 

FAQs

What is the best time to buy a national term life insurance in Dubai?

Terms life insurance plans are supposed to help your dependents financially in case of your untimely demise. So, it is safe to say that you should consider buying a term insurance plan as soon as you have someone relying on you as a dependent. The most popular time to buy term insurance has been recorded to be the 20s and 30s when parents are about to or have retired and you have a family on the way.

Why is a term life insurance plan more expensive for older applicants?

Ageing comes with a risk of diseases and illnesses which means an added risk of death for the applicant as well. Since the insurance company will be undertaking a bigger risk by insurance the applicant’s life who has aged significantly, the charge a higher premium to cover for that risk.

Can the premium amount change during the tenure of my national term life insurance plan?

This depends on the kind of term insurance plan. The premium amount stays the same throughout the tenure for the level term life insurance plan that the National Life Insurance Company offers.

What is the right amount of assured sum for me?

There are several factors you need to consider when deciding the total assured sum for your National Term Insurance Company term insurance plan. The more responsibilities and dependents and nominees you have, the higher the assured sum has to be for all of them to be compensated and taken care of ideally in your absence.

Is there a difference in the premium amount of the term insurance plan for smokers and non-smokers?

Yes, the premium charged from smokers is generally higher than that charged from non-smokers.

What is the basic guideline for someone to be considered a smoker? Shall I declare my occasional smoking to the insurance company?

If you have smoked more than 4 times a week in the past 6 months then you will be considered a smoker. However, not a chain smoker. 

Yes, you must disclose any kind or degree of smoking that you do daily or occasionally to your insurance company so that the medical records are correctly filed.

 

What happens if I do not disclose smoking habits or other medical conditions?

Incorrect records of medical conditions will simply mean denial of national term life insurance claim made by your nominee after your demise.

Will have to take a medical test when applying for the term or group life insurance plan?

Yes, the National Life Insurance company will appoint a medical officer to perform the essential medical tests for the term insurance plan. These tests will be basic – just to identify any terminal or critical pre-existing condition that can affect the life expectancy of the applicant.

Can I change or include nominees of my term insurance plans?

Yes, you can easily change or add nominees to your national term life insurance in UAE. Simply contact the insurance office and have them help you through the process.

What are ‘riders’ in the National term life insurance plan?

Riders are also known as the add-on plans that can be bought along with the term insurance plan from the National Life Insurance company to customise the basic insurance plan.

When should you buy a term life insurance plan from National Life and General Insurance?

Term life insurance policies are more affordable for younger individuals (compared to older ones) due to the fact that healthier individuals generally pay lower premiums compared to older individuals. While people between the ages of 20 and 60 have the option to choose term insurance, starting in your 20s is generally considered an ideal time to enter the insurance market and prepare for your family's future.

What is the maximum death benefit amount assured by the insurance provider?

A policyholder’s loved ones can get up to AED 1,800,000 as a death benefit upon the former’s unfortunate demise.

Reviews & Ratings

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