International Term Assurance is a comprehensive life insurance policy designed to provide financial protection and peace of mind to individuals and their families in Dubai, regardless of nationality or residence. This blog will explore the benefits of ITA’s life cover, one of the best investment plans in Dubai.
Is ITA Right For You?
The International Term Assurance (ITA) is ideal if you fall under one of the circumstances or situations below. They are,
- It is the right insurance for you if you want to provide complete financial support for your family or yourself.
- This insurance will ensure that your mortgage loan is repaid on time even when you are affected by any terminal illness, diagnosed with any critical disease, or have become totally and permanently disabled.
- This insurance is right for you when you cannot work anymore due to any illness or accident where Zurich International Life ensures your premiums are paid regularly depending upon the subscribed cover.
Benefits Under ITA:
As a dynamic and diverse international hub, Dubai demands insurance solutions that match its cosmopolitan nature. In that case, ITA offered by Zurich International Life offers life cover, a compulsory benefit with additional benefits. The insurer must apply for the life cover, and then they can add the benefits as per their requirements. For example, in the case of joint life cover, both the insured are expected to take the same benefit option with the same level of coverage. However, the only exception is the premium waiver benefit chosen by one or both insured persons.
Life Cover:
This compulsory benefit pays a cash amount on the insurer’s death or diagnosed with any terminal illness during the policy term. The amount paid for the life cover is fixed for the given policy period. So, this benefit helps the insurer by
- Repaying family debts
- Providing an amount for your dependents to pay for the living expenses such as regular bills, child care, and school fees.
- Protecting your business
- Providing a good cash amount as a deposit and preventing your other assets from being sold.
Availability Of Life Cover:
The life cover under ITA is available either as single or joint and for companies and trustees as well.
You have the option to have your policy structured in either of the following ways:
Own life:
As the applicant, you will be both the policy owner and the life insured.
Joint lives, first death:
In this scenario, you and another person will be the policy owners and lives insured.
- Please note that the policy owner and any life insured must be at least 18 years old when the policy commences, and the maximum age of the life insured at entry should not exceed 74 years old.
- If the policy covers two individuals, these age restrictions apply to both parties.
- Additionally, you can take out a policy to insure the ‘life of another’ individual or a company, where they will be the policy owner.
- If you decide to include any additional benefits, the maximum age limit for any life insured at entry is 59 years old.
Hence, these are the significant benefits of the life cover policy under Zurich International Life – ITA. Thus, approach Life Insurance Bazaar to avail the best life insurance in Dubai to plan for the future and protect your loved ones.
