Noor Takaful Term Insurance

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Noor Takaful Term Insurance

The Pure Protection cover provides the benefit of protecting the dreams and wellbeing of the policyholder’s family in case of the former’s unexpected death. This economical plan offers coverage for a duration selected by the policyholder himself, on the condition that they make payment of all their contributions.

This insurance plan can be suitable for short-term objectives like coverage for payment of loans so that the dreams of the family of the deceased are not put at stake.

The table below shows the highlights of this plan.

Conditions

Limits

Plan Tenure

Five, seven, ten, or 15 years

Plan Currency

UAE dirhams

Minimum Sum Covered

100,000 dirhams

Maximum Sum Covered

750,000 dirhams


Key Features and Benefits of Noor Takaful Term Insurance

The term plans provided by Noor Takaful come with a wide range of benefits and features that make it popular amongst the applicants. Here is a rundown on some of them.

Portability

The policyholder can enjoy mental peace as they are covered globally.

No Medical

The plan holder can enjoy the benefits of this term plan without going through a medical check-up.

Contribution Options

Noor Takaful offers two options for the payment of the contribution- regular and single. Regular contribution can be made monthly, quarterly, half-yearly, and yearly.

Grace Period

The grace period on this policy is 31 days from the previous due date of contribution.

Paid-up Plan

If the contribution is not paid within the determined grace period, the Noor Takaful Term Life Insurance Plan is converted into paid up without Takaful benefits payable. But, an early surrender amount will be paid if eligible.

Maturity Benefits

The company offers a fixed amount of cash back based on the tenure of the plan upon maturity.

Noor Takaful Term Insurance Eligibility

The table below shows the eligibility requirements for this term insurance plan.

Eligibility

Details

Minimum Entry Age

18 years

Maximum Entry Age

60 years

Maturity Age

75 years

Nationality

Residents with any nationality having a valid residence Visa for UAE


Noor Takaful Term Insurance Inclusions

The following table shows the inclusion of this term life cover.

Inclusions

Details

Death Benefit

Coverage for death due to any reason

Maturity

Fixed Cashback based on the policy tenure

Terminal Illness

20 percent of the sum insured, up to 150,000 dirhams

Repatriation

5,000 dirhams


Why to Apply Online for Noor Takaful Term Insurance?

A Sharia-compliant full-service company, Noor Takaful commits on providing responsible insurance services to its customers. These services are tailor-made to suit their particular personal and business requirements.

With its Pure Protection plan, it gives the policyholder an opportunity to secure the dreams of their family and take care of their financial security when they are not around. This economical plan helps them with their short-term goals including coverage for loan payment and protection to their child during their growing days.

Claim Process of Noor Takaful Term Insurance

The claim process for this insurance is very easy and convenient. It can be done in 3 simple steps.

The first step includes contacting the company, which can be done using the contact details mentioned below. An executive from the company will assist the beneficiary of the policy in the entire process.

The next step is submitting the required documents and evidence along with a duly filled application form.

The final step in the claim process involves reviewing and processing. The company will review the documents and the form. Once the verification is complete, the claim is processed.

Contact Details of Noor Takaful Term Insurance

The policyholder or applicant can contact the company through its customer care number 600500607, through WhatsApp on +971547919998, or through e-mail on This email address is being protected from spambots. You need JavaScript enabled to view it..

FAQs on Noor Takaful Term Insurance

Q.1. What documents do I need to submit to apply for this term plan?

Ans: You will have to submit a duly filled application form and a copy of your passport along with the Visa page. You also need to submit your Emirates ID along with original sighted initials.

Q.2. What happens when I fail to pay the contribution in the grace period?

Ans: If you fail to make payment of the contribution in the grace period, the policy will be converted into a paid-up plan without any Takaful benefits payable. But, the early surrender value would be paid if eligible.

Q.3. Do I need to go through a medical check-up in order to obtain this policy?

Ans: No, you do not have to undergo any medical check-up for obtaining this Noor Takaful Term Life Insurance Plan.

Q.4. What is the terminal illness benefit offered on this policy?

Ans: The benefit of terminal illness pays out 20 percent of the sum cover (up to 150,000 dirhams) if the policyholder has a terminal illness. This kind of illness is a disease that cannot be cured entirely & will most likely result in the demise of the policyholder within twelve months of the diagnosis.

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