About Term Life Insurance

Term life insurance in the UAE is the most effective low cost plan that provides comprehensive financial security to your family in case of your untimely death. In your absence, your loved ones suffer, not only from grief, but also financial strain caused by the loss of your income. Term plan helps take care of your family’s living expenses, as well as future financial goals; in case you are not around to provide for them. The unpredictable nature of life makes life insurance cover a must-have.

 

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Who are eligible to buy our Term Life Insurance Plan?

Customer Category Minimum Age at Entry Maximum Age at Entry
Individual Customers 20 60

 

Table of Benefits:

The summary of benefits and limits are shown below:-

Specification Criteria Benefit
Death Benefit(DAC) Pays Sum Assured(SA)
chosen
SA chosen
Terminal Illness (inbuilt) Pays SA equal to DAC SA on
accelerated basis
Equal to DAC

Critical illness (Optional)

Accelerated

If chosen, Pays SA equal to
cover opted for CI on accelerated basis

10% to 50% of DAC sum assured

Accidental Total permanent
Total Disability (Optional)-Waiver of premium

If chosen, Premium will be waived of for remaining minimum payment terms and policy will continue.

 

Financial Coverage:

Sum Assured Minimum Maximum
Death Benefit(DAC) AED 350,000 AED 1,800,000
Terminal Illness(TI) Sum assured AED 350,000 100% of DAC SA
Critical Illness(CI) Sum assured (if opted) 10% of DAC SA 50% of DAC SA

Accidental Total permanent
Total Disability (ATPD) -Waiver of premium (if
opted)

Equal to outstanding premium from the date of incident

 

Key Features of the plan:

  • Flexible policy terms to choose: Minimum 5 years to Maximum 35 years.
  • Mode of Payment: M, Q, HY, A.
  • Free Look period: 30 days from the date of commencement.
  • Grace Period: 30 days from due date
  • Revival Period: Allowed up to 9 months from the date of lapsation

 

When is the Right Time to Buy Term Life Insurance?

A term life insurance policy is a lot more affordable when you buy them young. The reason is pretty simple, healthy overall tend to enjoy lower premiums than their older counterparts. Anyone between the ages of 20 to 60 can opt for term insurance. However, your 20s is a good time to get into the insurance market and plan for your family’s future.

 

How to Buy?

CALL or WHATSAPP EMAIL CONTACT YOUR NEAREST BRANCH
Dubai (Call/WhatsApp): +971-43961331

Abu Dhabi (Call): +971-26445770

Dubai: servicesdubai@nlicgulf.com

Abu Dhabi: info.auh@nlicgulf.com

 

Locate Us

 

Why National Life & General Insurance Co. SAOG (NLG)

  • Customised policy term
  • Flexible premium paying terms
  • Worldwide coverage
  • Easy and worry-free claims settlement
  • 24 x 7 Call Centre to assist you

How to Submit your Claim

Our dedicated life insurance claims department is always available to help whenever you require assistance, we also offer an easy claims submission process for a smooth and time-saving experience.

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