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Life Insurance

As a professional life and health insurer/reinsurer, we provide products and services that support our clients to achieve their corporate goals

  1. We offer tailor-made packages of comprehensive products designed to help our corporate clients protect their employees and their dependents in today’s fast changing business.
  2. Life Insurance comprise products like Group Life, Critical illness plans, Family guard schemes and Credit life schemes pertaining to personal loans, mortgage loans, vehicle loans and credit cards.
  3. We have a strong regional network and presence in Abu Dhabi, Dubai, Kuwait, Oman & Doha.
  4. Our specialised services include:
  • Group Employee benefits
  • Credit Life solutions
  • Pooling captives and capacity support

Group Life

Over a period of time, Group Life cover has become an indispensable part of the benefits package for employees. It provides peace of mind to the employees as an estate shall be created for their loved ones even after his/her life and this enables to generate loyalty towards the employers. We offer all kinds of Group Life solutions right from Corporate Group Life to Voluntary Group Life.

 

We offer valuable Life Insurance protection at a low group rate.

Group Life Solutions:

  • Standard Group Life
  • Voluntary Group Life
  • Corporate Group Life
  • Mass market Group Life
  • Bank / NBFI Group Life

Group Life – Death Settlements & Riders:

  • Natural death – A lump sum benefit is payable following the death of the insured member due to sickness.
  • Accidental death – A lump sum benefit is payable following the death of the insured member due to an accident.

Group Life – Living Settlements & Riders:

  • Permanent Total Disability due to Sickness- A lump sum benefit payment not exceeding the basic sum assured following a sickness which permanently prohibits a member from undertaking either any or their usual occupation.
  • Permanent Total Disability due to Accident – A lump sum benefit payment not exceeding the basic sum assured following an accident which permanently prohibits a member from undertaking either any or their usual occupation.
  • Permanent Partial Disability due to Sickness – A lump sum payment following the impairment of a member due to loss of or loss of use of parts of the body as a result of the sickness.
  • Permanent Partial Disability due to Accident – A lump sum payment following the impairment of a member due to loss of or loss of use of parts of the body as a result of an accident.
  • Temporary Total Disability due to Sickness – A weekly payment designed to replace lost income following sickness, which temporarily prohibits a member from working.
  • Temporary Total Disability due to Accident – A weekly payment designed to replace lost income following an accident, which temporarily prohibits a member from working.
  • Accidental Medical Expenses – Reasonable and Customary medical expenses in the event of bodily injury as a result of an accident.
  • Critical Illness – A lump sum payment if a member is diagnosed with one of the critical illnesses listed.
  • Repatriation Expenses–Reasonable and customary actual expenses for transportation / burial of the mortal remains on the death of a member.
  • WC benefits as a top-up of Group Life – Workmen compensation benefits according to the respective statutory requirements as a top-up of Group Life benefits.

Group Credit Life

Group Credit Life Insurance is a form of Group Life Insurance which covers the outstanding debt and relieves much of the strain of managing one’s finances.

 

You can purchase Credit Life Insurance when you take out a loan that protects both you and the lender which may be a bank or a financial institution or a vehicle dealer, in the event that you are unable to pay the loan due to death or disability. Credit Life Insurance is always sold in connection with a specific loan. The cost of the insurance is generally built into the loan payment. The beneficiary under a Credit Life Insurance is the Creditor and not the Insured’s family.

 

Credit Life Insurance pays off debts immediately and secures survivors’ ownership of their possessions.

Group Credit Life Solutions:

  • Credit Protect
    Personal or Consumer Loans – Offset the outstanding loan amount on death or disability of a member.
  • Mortgage Protect
    Housing Loans – Offset the outstanding loan amount on death or disability of a member.
  • Vehicle Protect
    Vehicle Loans – Offset the outstanding loan amount on death or disability of a member.
  • Card Protect
    Credit Cards – Offset the outstanding amount on death or disability of a member.

Group Credit Life – Death Settlements & Riders:

  • Natural death
  • Accidental death

Group Credit Life – Living Settlements & Riders:

  • Permanent Total Disability due to Sickness
  • Permanent Total Disability due to Accident