The moment a person starts earning for himself and his family, the very first thing that comes to their mind is savings. With mounting daily needs and future goals, a savings plan is the need of the hour. Building a reservoir of money is always the first step towards achieving financial freedom. This post will help you start your savings with Zurich’s Global Choice Plan.
Always consult a professional who does financial planning in Dubai to compare and choose suitable investment plans for you. Let us now see how you can save more of your earnings with this savings plan from Zurich.
What is the Global Choice Plan?
This policy is a whole-life savings policy with additional features like waiver of premium and the choice to opt for an extra life cover along with the one already available under this plan. Global choice will secure each one of the financial goals of a person even after he or she becomes disabled or dies.
Reasons to choose Zurich’s Global Choice Plan
Here are some key features of this plan:
- This Zurich insurance Dubai plan helps you to save a portion of the income regularly.
- You can opt for the additional life cover and/or select the waiver of premium benefit.
- You have all the freedom to select the frequency of the savings and the term period.
- Global Choice Plan will increase your savings value and is very suitable as a medium or long-term investment.
- There is an option to change the premium to suit your needs at that time.
- You can make regular withdrawals or choose partial surrender, provided you have the minimum policy amount.
- This plan has a variety of investment plans that matches your risk appetite.
- You can choose to save in any currency based on your convenience.
- The additional life cover benefit will come into effect once the first life insured dies.
- This plan can suit your needs if you are looking for a child education plan or want to save enough money to lead your life in retirement.
Information about the Global Choice Policy
This plan is considered to be one of the best among investment plans in Dubaibecause of the benefits that it gives to the insured. Here are some of the terms of the policy.
Ownership
You can either select this plan on a single ownership basis or a joint basis. It can be taken on any one of the following criteria:
- Own life
- Joint lives
- Life of another
Eligibility
The policyholder must be at least by 18 years of age to opt for this policy. The maximum age is fixed at 74. The condition is the same for the life insured but the higher limit is decreased to 59 years of age in case the waiver of premium or additional cover is chosen.
For the additional cover, the waiver of premium will expire once the person reaches 70 years of age and the additional life cover will end when the first life insured is no more.
Premium payment options
The premium for this policy can be remitted in either one of the following ways:
- Monthly
- Quarterly
- Half-yearly
- Annually
For more details on this plan or if you need professional assistance in selecting suitable savings, child education, term plan, or a retirement plan in UAE, then get in touch with Life Insurance Bazaar today!
