Top 5 Life Insurance Plans in UAE June 2020
When it comes to safeguarding and protecting our loved ones, Life insurance appears to be the most suitable tool in fulfilling the purpose. These plans are affordable, user-friendly, and flexible which allows insurance seekers to provide a blanket of financial protection to their loved ones during the phases of financial instability.
The insurance market in the UAE is quite diverse and there are numerous insurance providers that offer the best life insurance plans in UAE. Very often, it becomes difficult for people to choose the best life insurance plan in UAE due to the wide variety of products available in the market.
In order to simplify your job, and make sure that you choose the best life insurance in UAE we have compiled a list of top 5 life insurance plans in UAE in June 2020. So, if you are looking forward to purchasing life insurance to safeguard your family and loved ones against the strokes of uncertainties, this quick read will help you to make a better decision.
Secure Life from National Bank of Abu Dhabi
National Bank of Abu Dhabi commonly known as NBAD provides a secure life insurance plan that is a reliable and efficient tool to safeguard and protect one’s, family members. The secure life from NBAD offers a wide array of benefits to insurance seekers. The key benefits of the plans are as follows-
- Offers lump sum amount as a death benefit, in case of any unfortunate event leading to the disability or demise of the policyholder.
- The plan offers coverage all across the globe. Policyholders are protected regardless of their geographical location.
- Secure life from NBAD is available for people falling in the age bracket of 16 years to 65 years.
- The plan offers a choice of add-on riders to enhance the protection quotient of the basic plan. Some of the most common riders available with the secure life from NBAD are critical illness coverage, terminal illness, coverage, waiver of premium, etc.
- The plan offers different types of monetary coverages to meet the needs of different customers and clients.
Pure Protection from Noor Bank
Pure protection plan from Noor Bank provides the opportunity to secure the future of your family members and loved ones. The trail of life is uncertain and none of us are aware of the fact that what might happen the very next moment hence the only way to stay protected is to be protected via best life insurance in UAE.
The plan is quite suitable for short-term goals that include takaful coverage (Islamic coverage) or to cover outstanding financial obligations such as mortgage and student loans. The pure protection from Noor bank offers a plethora of benefits, here’s a quick rundown-
- Pure protection plan from Noor Bank is ideal for covering short term goals and paying off loans and outstanding financial obligations.
- One of the features that make Pure protection distinct from other best life insurance plans in UAE is extra takaful coverage to the children of the policyholder during their raising years.
- The Pure protection plan offers coverage till the age of 99, which in most cases turns out to be a guaranteed payout.
- The plan can be tailored and customized based on the individual needs and requirements of customers.
- The plan comes with the choice of auxiliary riders such as critical illness, terminal illness, waiver of premium, permanent, and total disability benefits to add an auxiliary blanket of protection for the policyholder and their loved ones over the basic plan.
Hyat Universal Plan from Noor Bank
Another popular and affordable best life insurance in UAE from Noor Bank is the Hyat Plus. The plan takes care of your insurance needs at different stages of life providing required coverage and protection.
The Hyat plus from Noor bank lays emphasis on single people and allows them to accumulate savings for their future by providing monetary protection in case of an unfortunate event. For married people with families and kids, the Hyat plus plan offers full-fledged financial protection so that the future of your loved ones is secure even when you are not around to look after their needs.
The Key Features of the Hyat Plus from Noor Bank are as follows-
- The plans offer life coverage to the policyholder until a pre-decide tenor.
- The maximum age to which the Hyat universal plan offers protection is 85.
- The best feature of the Hyat Plus plan is that it allows policyholders to build savings that can be used during the twilight years of one’s life.
- The plan is highly flexible and allows policyholders to make easy contributions based on their convenience and ease.
- The plan comes with the option of add on riders to enhance the protection of the basic plan. Some of the common riders are critical illness coverage, terminal illness coverage, waiver of premium benefits, etc.
International Term Assurance from Zurich
Zurich is one of the leading insurance providers that render services in the UAE. The international term assurance from Zurich is a life insurance plan that is designed and developed keeping the needs of both expatriates as well as UAE national in the center.
The Term of the international term assurance from Zurich has decided at the outset of the policy since the death benefit is only payable if the policyholder passes away within the policy period. The plan does not provide any sort of maturity benefits. The key features of the international term assurance from Zurich are as follows-
- The plan offers life coverage which is a vital element to safeguard one’s family and loved ones.
- The international term assurance plan from Zurich comes with a free terminal illness coverage to maximize the protection quotient of the plan.
- The payable premiums are quite flexible and affordable which do not add unnecessary benefits to the pockets of the policyholder.
- The international term assurance plan from Zurich allows users to transform their best life insurance plans in UAE to an endowment or whole life policy within the first ten years of the purchase.
- The plan comes with the choice of add-on riders to maximize and increase the overall protection offered by the plan above the basic cover.
Citi Bank Whole of Life Protection
Citi bank is a reliable and renowned insurance provider that renders services all across the world. The whole of life protection plan from Citi bank is flexible and user-friendly life insurance in UAE that helps the policyholder to provide the necessary financial protection to their loved ones during financial instability arising due to the disability or demise of the policyholder.
The key features of the Citi Bank Whole of life Protection are as follows-
- The plan provides a lump sum in case of any unfortunate event leading to the demise or disability of the policyholder.
- The plan is highly suitable to replace income in case of lost income due to the death of the primary breadwinner of the family.
- The Citi bank whole of life plan comes with various benefits such as critical illness benefit, permanent and total disability benefit, accidental death benefit, etc.
- The plan not only works as the best insurance plan in UAE but also provides the option of investing a portion of premium into investment vehicles to yield returns.
- The plan is ideal covering the policyholder and their spouse under the umbrella of a single best insurance plan in UAE.
In a Nutshell
With the above-mentioned plans, it would become easier to choose and go-ahead for the best life insurance plan in UAE. Insurance seekers should always compare, shortlist, and then select the insurance plan to get the best deal.