LifeGuard – Sukoon Insurance is the best life insurance in Dubai offered by Life Insurance Bazaar. Term insurance protects the policyholder’s family financially during their untimely demise. It ensures that dependents are adequately supported and can meet their financial obligations. LifeGuard – Sukoon Insurance, under the term insurance, has essential key features which safeguard the financial well-being of your loved ones. Hence, this blog will discuss the most crucial things you need to know about LifeGuard – Sukoon Insurance.
Product Features:
The Sukoon insurance offers a wide range of insurance benefits for the policyholder, such as
Critical Illness Benefit (Accelerated or Additional Cover):
Provides coverage for 32 severe medical conditions, such as cancer or heart attack.
Accidental Death Benefit:
A lump-sum payment is provided in the event of accidental loss of life.
Permanent Total Disability (Accident or Sickness):
Provides coverage for sickness resulting in permanent and total disability
Permanent Total Disability (Accident only) – Provides coverage for accidents resulting in permanent and total disability
Hospital Indemnity:
Hospital indemnity in term insurance in Dubai refers to a specific provision or add-on benefit that provides financial compensation or reimbursement for hospitalization expenses incurred during the insurance policy term.
Waiver Of Premium Due To Disability:
If the policy owner passes away or becomes disabled, we will take care of the outstanding premiums until the plan concludes.
Premium Plan:
| Product Category | Term Insurance |
| Currency | USD / EUR / AED |
| Premium (Minimum) | As per age
Single or equal to Policy Term |
| Age | 18 – 69 years |
| Coverage (Minimum) | AED 100,000 |
Sukoon Insurance, available through Life Insurance Bazaar, provides a hassle-free payment system for premiums. The policyholder is responsible for making timely payments based on the chosen payment mode without requiring the company to send reminders or renewal notices.
If the policyholder wishes to modify the premium frequency, they can submit a written notice to the company. However, any changes will only be implemented at the end of the policy year in which the request is made, and prior approval from the Company is necessary.
Premium payments for Sukoon Insurance can be made on various schedules, including annual, half-yearly, quarterly, monthly, or as a single premium. The company sets a minimum premium requirement that the policyholder must meet.
With Sukoon Insurance, Life Insurance Bazaar aims to provide flexibility and convenience in premium payments while ensuring adherence to the company’s policies and procedures.
Grace Period:
Sukoon Insurance, offered by Life Insurance Bazaar, provides a grace period of thirty (30) calendar days for the policy owner to make any missed premium payment. During this period, all due premiums must be paid as determined by the company.
In the unfortunate event of the Life Assured’s death during the grace period, the total outstanding premiums will be deducted from any settlement due under the policy.
However, if the premium remains unpaid at the end of the grace period, all coverage under the policy will be terminated, and the policy itself will end. In such a scenario, the company will bear no liability, and there will be no obligation on their part to send any reminders or notices.
The policy owner agrees to take full responsibility for timely premium payments and ensures they will personally track and make all payments promptly.
The policy also holds other benefits like the worldwide cover, a free look period (30 days), and no surrender value.
Life Insurance Bazaar also offers various other plans such as child education plan, retirement plan in UAE, keyman insurance and many more. Avail of the right insurance plan from us for your financial well-being.
