Term insurance is basically defined as insurance which can be claimed between certain days or for a fixed period of years. The biggest advantage for people opting for this is that it is less expensive when compared with the other insurance policies. The reason behind it is that it has no money value. This policy comes under rescue only on policyholder’s demise between the periods of which the term protection is quoted.
Wondering about where to get term insurance in UAE, Get it from the Life insurance bazaar we’ll provide you with the Best Term Insurance Plan in UAE
Which term insurance is best ? i.e Which is the Best Term Insurance Policy in the UAE?
“Don’t wait until everything is just right. It will never be perfect. There will always be challenges, obstacles, and less than perfect conditions. So what. Get started now. With each step you take, you will grow stronger and stronger, more and more skilled, more and more self-confident and more and more successful.” – Mark Victor Hansen
Don’t delay, why protection is more important?
* Term insurance - Life Insurance is just Risk Management, we transfer the risk from the families or businesses who cannot afford it to the insurance companies who can afford it. Mr client at your age out of every hundred people one of you will die this year and the insurance companies do not care if you are the one, because ninety-nine still paying their premiums, they have only lost one percent. But if you are the “one” the lost to your family or to your business is a Hundred percent! Let’s pass the risk to insurance companies who can afford the risk.
* What would happen to your family if you didn't reach home yesterday night?
* You can say, “I don’t need it”, but can you say “my family won’t need it”?
* You haven’t needed it (life insurance) yet? Do you carry a spare tire in your car? Do you own an umbrella? Do you check for the parachute on the airplane?
* You say come back in week… but whom should I ask for if you are not here in after a week?!
* Never compare insurance with investment, as one is to protect the other.
* No man has gone bankrupt because he purchased an Insurance policy-but families have gone bankrupt because they did not.
* You give your life for your family children why not insure your life for them
Let’s look into some of the advantages of term insurance.
In a very simple way, Term Insurance plan is to provide life Cover for a particular chosen period. In case during the period of the plan if the policy owner's death the Sum assured will be paid to the nominee.
✔ International Term Assurance (ITA) – Zurich International life Limited.
✔ Met life - Live life.
✔ International Protector Middle East (IPME) – Friends Provident International
✔ Hemaya plus-FamilyTakaful Term Plan – Salama Islamic Arab Insurance
✔ Life Secure – Orient Insurance PJSC.
✔ Pure Term Assurance – LIC international.
Generally depends on a person Annual Income and 10 to 15Years of his income should be an ideal cover for a Family.
For example: Mr. Xxx annual Income is $100,000 His ideal cover is $1,500,000 (i.e) annual Income $100,000 * 15Years of Income = $ 1,500,000
Also, there are so many factors involved in evaluating the life cover.
We also provide our clients with the Best Child Education Plan in Dubai which reduces the stress of parents and makes sure they have a smooth educational carrier.
“The only question is whether you’re going to do it today or tomorrow. If you keep saying you’re going to do it tomorrow, you’ll never do it. You have to get on it today.” – Warren Buffett
Finally, one thing……. “Write any 5 people names in your dairy who will Financially help your family for the next 10years after You. If you don’t get even one name …… Please call me for your family financial planning”