Salama Life Insurance

Salama –Islamic Arab Insurance Company is the pioneer of the Takaful industry which was incorporated in the year 1979. It is the world’s oldest and largest Sharia’h compliant takaful solutions provider with paid up capital of AED 1.21 Billion (Us dollar 330 Million). Salama Life Insurance Company religiously follows Sharia’h principles to conduct their business.

Being the UAE’s leading takaful provider, Salama offers a wide range of Family Takaful solutions to meet the diverse need of individuals as well as corporate clients. From term plans and savings plans to whole of life and investment plans, Salama Life Insurance Company assures its customers maximum coverage at a low premium cost.

Types of Salama Life Insurance Plans in UAE

Following are the life insurance plans offered by the Salama:

Whole of Life Plans

A Salama whole life insurance policy is a type of life insurance that offers insurance coverage to the insured for the whole life provided he/she pays the premium on time. However, the beneficiary gets the death benefit in case of untimely death.  Given below are the two whole life plans provided by the company:

• Hyat Superior: With this life insurance plan, the insured’s family members remain financially protected against all uncertainties while the policyholder can avail of the benefits of regular savings & wealth creation all in sharia’h compliant manner. 
• Hyat Plus: Salama’s Hyat Plus plan caters to those individuals who are between the ages of 18 years & 74 years. It is designed to pay out a death benefits to the beneficiary if the insured passes away during the term of this life insurance plan.

Term Plans

Salama Insurance Company offers two term insurance plans that offer financial protection security and coverage to the insured’s family in his/her absence.

• Hemaya Plus

Hemaya Plus is the most affordable insurance cover that provides financial protection to the dependents of the insured. The policyholder can be further customized to this plan with 6 additional benefits. An additional benefit is that the insured can also choose their cover level and premium payment terms.

• Hemayati Plus : Hemayati Plus offers a high level of protection to the insured’s family members at affordable prices.

With no medical requirements, this insurance plan offers comprehensive coverage for a chosen period of time with assured maturity bonus & less paperwork. The policyholder can choose the plan term as well as the amount of contribution.

Saving Plans

Salama Insurance Company offers one savings plan that is designed to save money. Given below is the saving plan offered by the company:

• Idikhar Plus: Idikhar Plus is a saving plan that is created to increase the policyholder’s savings by providing an upfront bonus allocation a maximum of 75 percent of the first year annual contribution. In this manner, it helps the insured save regularly and grows their savings continuously.

Investment Plans

Salama offers the following investment plan:

• Momayaz: It is a single contribution investment plan that helps the policyholder to manage & grow their wealth in the most efficient manner. This plan provides a host of Sharia’h Compliant funds to choose from. In simple words, this investment plan provides security, flexibility, and growth potential that is required for investment. Also, it includes the benefit of family takaful.

Key Features & Benefits of Salama Life Insurance

Let’s have a look at the key benefits provided by the Salama:

• Variety: The Company offers a wide range of Savings, Protection, and Investment Plans that can easily be customized to meet the insurance need of an individual.
• Flexible Premiums: The insured can enjoy flexibility in paying premiums by choosing monthly, quarterly, half-yearly or yearly premium paying options.
• Customer Service: Salama has experienced and highly-qualified team of Takaful professionals that offer up to the mark customer service to its policy buyers.
• Affordable Plans: Salama Life Insurance plans are quite affordable.

Salama Life Insurance Policies

Salama Life Insurance Plans	Types of Policies	Key Benefits & Optional Coverage
Whole Life Plans	Hyat Superior	Premium Currency: UAE Dirhams (AED) & US Dollars Grace Period: 90 days Free Look Period: 30 days Additional benefits: Critical illness Permanent & total disability Benefit of family income Accidental death benefit Hospital cash benefit Waiver of contribution Accidental partial or total permanent disability
	Hyat Plus
Term Plans	Hemaya Plus	Premium Currency: UAE Dirhams (AED) & US Dollars Grace Period: 90 days Free Look Period: 30 days Additional benefits: Critical illness Permanent & total disability Benefit of family income Accidental death benefit Waiver of contribution Accidental partial or total permanent disability
	Hemayati Plus	Plan term: 5, 10, or 15 years. Amount Contribution: Monthly or Yearly
Saving Plans	Idikhar Plus	Minimum Contribution: 500 dirhams or 150 US Dollars on a monthly basis. Contribution Term: 5-25 years Premium Currency: UAE Dirhams (AED) & US Dollars. Grace Period: 90 days Free Look Period: 30 days. Additional benefits: Critical illness Permanent & total disability Benefit of family income Accidental death benefit Hospital cash benefit Waiver of contribution Accidental partial or total permanent disability
Investment Plans	Momayaz	Premium Currency: UAE Dirhams (AED) & US Dollars. Minimum Single Contribution – 100,000 dirhams or US Dollar equivalent Maximum Contribution- No Limit �         Free Look Period: 30 days.

Salama Life Insurance Eligibility

Whole Life Plans	Hyat Superior	Entry Age Criteria: 18 years – 74 Years Maximum Maturity Age: 100 Years
	Hyat Plus
Term Plans	Hemaya Plus	Entry Age Criteria: 18 years – 74 Years Maximum Maturity Age: 100 Years
	Hemayati Plus	Entry Age Criteria: 18 years – 59 Years Maximum Maturity Age: 74 Years
Saving Plans	Idikhar Plus	Entry Age Criteria: 18 years – 74 Years
Investment Plans	Momayaz	Entry Age Criteria: 18 years – 74 Years Maximum Maturity Age: 85 Years

Contact Details of Salama Life Insurance

Address: 4^th Floor, Block A, Spectrum Building. Oud Metha, Sheikh Rashid Road, Dubai, UAE.

Tel: +971 44079999

Email: cs.ft[@]salamalife[.]ae

FAQs on Salama Life Insurance

Q.1. How can I track my claim?

Ans: As an insured, you can easily track your claim through the official website of the Salama.

Q.2. What is the best way to contact Salama Insurance Company?

Ans: You can conveniently reach us on our toll-free number -800 725262. And then, our customer care representative will assist you in the best possible manner.

Q.3. What type of life insurance plans are available from Salama?

Ans: Following are the types of life insurance plans offered by the Salama:

• Whole of Life Plans
• Term Plans
• Saving Plans
• Investment Plans