Which is the Best Term Insurance Policy in the UAE?

The best Term Insurance plan is International Term Assurance form Zurich International Life Limited i.e. Zurich Insurance Dubai, This plan most cost effective and for all kind of insurance needs Such as Life Insurance, Key man Insurance, Mortgage insurance and Business loan protection.
About Term insurance?
Term insurance is a very simply a life insurance that provides coverage for a specific chosen period of time or years. i.e. ideally from 5ears to 35Years.
Term insurance plan provides financial protection to the family, in case life assured dies during the policy term. The benefit amount i.e. the Sum Assured paid to the beneficiary. Basically term Insurance policies cost effective with lower premium can get Higher cover.
Once you buy term insurance, the premium is fixed for the chosen period.

Why do you need Term Insurance?

  • Your family protection: In the unfortunate event of death, Term insurance plan will ensure and it will full fill all your dreams, important goals, such as like Child higher education, marriage, also it will care of your family monthly expenditure.
  • Your assets need protection: you may take loans for assets like home, car, personal loan and even credit cards, If something happened to you, you family will get effected,
  • Income replacement due to Critical illness:
  • if you get in to critical illness during the term of the policy, a lump sum cash amount you will be receiving.

List of Top Best Term Insurance plans in UAE, Dubai:

  • International Term Assurance (ITA) – Zurich International life Limited.
  • Live life – Met life
  • International Protector Middle East (IPME) – FPI
  • Hemaya plus-FamilyTakaful Term Plan – Salama Islamic Arab Insurance
  • Life Secure – Orient Insurance PJSC.
  • Healthee Term Insurance – LIC international.

Zurich – International Term Assurance (ITA) 
Its provide international cover, you can pay the premium internationally from any country .

  • Basically if need to protect yourself for your loved once for a specific period You can choose this kind of plan
  • In case if you are looking for mortgage insurance, you can also choose this kind plan
  • If you want to protect like Business loan you can choose this this plan for specific period
  • You can pay less premium with higher cover, since there is no cash value.
  • Company usually take this kind of plan for Key man insurance and Partnership protection insurance.

Plan Benefits:

  • Option of the Plan: Single life plan / Joint life First Death
  • Minimum age entry 18years and Maximum age entry 74 years
  • Minimum Term 5 Years to Maximum term of the plan 35 Years.
  • Minimum Premium USD30 monthly
  • Minimum Cover USD100,000 Maximum – No limit
  • 35 Critical illness benefits covered under the plan.
  • Permanent total disability: due to accident or sickness permanently disable then this benefit will be paid full to the life insured
  • Waiver of premium benefit avail under the plan.

Met life – Live Life Term Insurance. 
Plan summary:

  • Minimum age at entry 20years maximum age at entry 50years
  • Policy term 5 years to maximum 25 years only
  • Minimum Cover USD 150,000 Maximum USD50Million
  • Waiver of premium covered
  • Permanent total disability covered
  • 32 critical illness covered under the plan.

Friends Provident International – International Protector Middle East (IPME)
Find below review on list of benefits available under this plan.

  • Life cover covered under the plan
  • Critical illness covers under the plan
  • Permanent total disability

Salama Islamic Arab Insurance: Hemaya Plus-Family Takaful Term Plan
Plan Details:

  • The most affordable Insurance cover
  • Family Takaful Benefit (Insurance coverage) comes with built in Terminal Illness
  • Customize your plan with Additional Benefits such as:
  • Critical Illness
  • Accidental Death Benefit
  • Permanent and Total Disability
  • Waiver of Contribution
  • Family Income Benefit
  • Accidental Total or Partial Permanent Disability
  • Plan can be on single or Joint Life
  • You can choose your cover level and payment term
  • Entry Age 18 – 74 years
  • Maximum Age at expiry – 100 Years

Life Secure – Orient Insurance PJSC
Plan summary:

  • Minimum age at entry 18years
  • Maximum age at entry: 65 Years
  • Maturity age: 70 years
  • Critical Illness covered
  • Accidental Death Benefit
  • Permanent and Total Disability
  • Waiver of Contribution

Healthee Term Insurance – LIC International 
Plan summary:

  • Plan term 5 years to 35 years
  • Minimum age at entry 18years
  • Maximum age at entry: 65 Years
  • Maturity age: 70 years
  • Accelerated Critical Illness
  • Accelerated total permanent disability cover
  • Hospital cash benefits
  • Death and Accidental Death Benefit

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