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National Life and General Insurance Co SAOG (NLG), popularly referred to as National Life Insurance, is one of the leading insurance companies in the UAE. It was established in the year 1995 and has been providing quality comprehensive insurance services to the customers of UAE and Gulf countries ever since. Term life insurance is one of the top insurance products offered by National Life Insurance along with its health insurance plans. National Life Insurance offers one single plan from the Term Insurance category as of now but offers multiple cover option in the same plan.
National Life and General Insurance Co SAOG (NLG), popularly referred to as National Life Insurance, is one of the leading insurance companies in the UAE. It was established in the year 1995 and has been providing quality comprehensive insurance services to the customers of UAE and Gulf countries ever since. Term life insurance is one of the top insurance products offered by National Life Insurance along with its health insurance plans. National Life Insurance offers one single plan from the Term Insurance category as of now but offers multiple cover option in the same plan.
Individual Term Life Insurance: Designed as a personal life insurance plan for the individual. The National term life insurance in UAE is a level term insurance plan.
Group Life Insurance: Offered as a business life insurance plan with a terminal illness extension and several other extensions like accidental death, partial disabilities, critical illnesses, etc.
Following are the complete details of the inclusions of Individual term life insurance plans offered by the company:
Following are basic and additional value-added benefits of the group life insurance plan offered by National Life Insurance Company:
Life Insurance Plan | Highlights |
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Term Life Insurance Plan |
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Group Life Insurance Plan |
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Following are the eligibility criteria for both individual and group life insurance plans is as follows:
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:
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.
You can file a claim for the term insurance by following the below-given steps:
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.
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.
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.
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.
Yes, the premium charged from smokers is generally higher than that charged from non-smokers.
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.
Incorrect records of medical conditions will simply mean denial of national term life insurance claim made by your nominee after your demise.
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.
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.
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.