{"id":167,"date":"2021-06-12T13:34:15","date_gmt":"2021-06-12T13:34:15","guid":{"rendered":"https:\/\/lifeinsurancebazaar.com\/blog\/?p=167"},"modified":"2024-04-06T04:31:36","modified_gmt":"2024-04-06T04:31:36","slug":"all-about-orient-international-term-plan","status":"publish","type":"post","link":"https:\/\/lifeinsurancebazaar.com\/blog\/all-about-orient-international-term-plan\/","title":{"rendered":"All about Orient International Term Plan"},"content":{"rendered":"

Your family\u2019s well-being is not limited to physical and mental fitness. Beyond ensuring the general health of the family, you need to be financially secure. This trend of investing for a better future is slowly picking pace. Insurance policies are beginning to gain more importance in recent years. It shows that people are taking a step towards financial security.\u00a0<\/span><\/p>\n

When you select the best <\/span>Term Insurance In Uae<\/b><\/a>, you get peace. You never have to worry about any uncertain situations. Insurance plans give you enough monetary cover for yourself and your family during adverse times. Therefore, the role of an insurance policy cannot be overstated. Protect your family from dire circumstances with a suitable term life policy.\u00a0\u00a0<\/span><\/p>\n

In this post, you will get to know all about Orient International Term Plan. It will give you a brief idea about this plan and its benefits. Even though you can select plans on your own accord, take the help of a professional financial planner. He is capable of letting you understand how a plan works and if it is a perfect fit for your family.<\/span><\/p>\n

What is Oriental International Term Plan? – And why do you need it?<\/span><\/h2>\n

Oriental International Term Plan (OITP) ensures the financial stability of your family just like any other <\/span>Term Insurance In Dubai<\/b><\/a>. However, this policy has great benefits for you. The cost structure and premium of this plan are very inexpensive. OITP provides a lump sum as agreed whenever any unlikely events happen. It covers a wide range of situations like Critical & Terminal illness, disability, and as a worst case\u2014Death. You may want to consider the financial protection that it offers to your family when they face any of the above situations.\u00a0<\/span><\/p>\n

Now let us look at the plan benefits when you opt for the Orient International Term Plan.<\/span><\/p>\n

Terms & Benefits of OITP<\/span><\/h2>\n

This policy is a Term Life Insurance that pays an assured sum in the event of unexpected situations. It is considered to be one of the <\/span>Best Life Insurance In Dubai<\/b><\/a>.<\/span><\/p>\n

Plan term\u00a0<\/span><\/h2>\n

You can either subscribe to a minimum term of five years or a maximum of 35 years. The latter is subject to an upper limit of 70 years of age.\u00a0<\/span><\/p>\n

Payment term\u00a0<\/span><\/h2>\n

The minimum payment term is 5 years. Otherwise, the maximum payment term corresponds to the term plan.\u00a0<\/span><\/p>\n

Eligible age for applying to this plan\u00a0<\/span><\/h2>\n

An interested policyholder must be at least 20 years of age to be eligible to apply. Anyone above the age of 65 will not be a valid applicant. The maximum age for CI (Critical Illness) and PTD (Permanent Total Disability) riders is 60.\u00a0<\/span><\/p>\n

Sum assured<\/span><\/h2>\n

You will get a minimum of AED 250,000 and a maximum assured lump sum of AED 10,000,000.<\/span><\/p>\n

Maturity Benefits\u00a0<\/span><\/h2>\n

The policy will end on the date of maturity without value.<\/span><\/p>\n

In-built covers<\/span><\/h2>\n

This plan covers Terminal Illness with a maximum life expectancy of 6 months. It will pay the amount as mentioned in the policy. OITP also includes a Passive war Cover.<\/span><\/p>\n

Key features of the Orient International Term Plan\u00a0<\/span><\/h2>\n

OITP is widely acclaimed to be one of the <\/span>Best Life Insurance In Uae<\/b><\/a> because of the following key features:<\/span><\/p>\n