When it comes to coverage, term life insurance is the easiest and most effective a low cost plan that provide comprehensive financial security. In the 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 them. The unpredictable nature of life makes life insurance cover a must-have.
|Customer Category||Minimum Age at Entry||Maximum Age at Entry|
2. BENEFIT SUMMARY:
The summary of benefits and limits are shown below:-
|Death Benefit(DAC)||Pays Sum Assured(SA)
|Terminal Illness (inbuilt)||Pays SA equal to DAC SA on
|Equal to DAC|
Critical illness (Optional)
|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.
|Death Benefit(DAC)||AED 350,000||AED 1,800,000|
|TI Sum assured||AED 350,000||100% of DAC SA|
|CI Sum assured (if opted)||10% of DAC SA||50% of DAC SA|
ATPD-Waiver of premium (if
|–||Equal to outstanding premium from the date of incident|
- 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.