Zurich Futura Whole Life Insurance

This comprehensive, unit-linked whole life insurance plan provides lifelong coverage, providing a cash sum upon your death or in the event of serious illness, accident, or disability. What sets Futura apart is its flexibility, allowing you to adjust the level of your coverage and select additional benefits as per your changing needs.
Whether you're looking to secure a legacy for your family or protect your business, Futura Life Insurance ensures that you can plan with peace of mind. 

What is Futura?

Futura insurance is a flexible unit-linked policy crafted to provide you and your family lifelong protection. It offers financial security in case of death, critical illness, disability, or accident. 

This plan also allows investment opportunities based on your risk preference. Your adviser will be available to guide you in choosing the right coverage and investment options that suit your needs.

Benefits of Futura Insurance

Futura life insurance -

• Offers lifelong insurance that provides a cash payout to your loved ones in case of your passing
• Includes optional benefits to cover financial losses from serious accidents or illnesses
• Allows you to adjust coverage levels and add extra benefits as needed

How Does Zurich Futura Insurance Work?

• Futura insurance premium payments can be made as a lump sum or in regular instalments until age 96. You can choose flexible payment terms from 7 to 50 years (known as a "vanishing premium"). Premiums can be paid monthly, half-yearly, quarterly, or annually to suit your preferences.
• The policy is available in USD, EUR, GBP, AED, QAR, and BHD. Payment options include UAE direct debit, standing order, cheque, credit card, or TT (for the first premium only). Single premiums can be paid by cheque or TT.
• Premiums are used to purchase units in selected investment funds, with values fluctuating based on market performance. It’s important to understand the investment risks involved. A financial professional can assist in choosing suitable funds.
• Regular premiums can be increased anytime, while decreases are subject to minimum amounts. Reducing premiums may affect policy coverage, and insufficient funds could lead to policy lapse.
• Policy cancellations are allowed within 30 days of receiving documents, ensuring a full refund. Claims should be reported to Zurich as soon as possible, with potential medical record reviews or examinations required. Detailed claim procedures are outlined in the Policy Terms and Conditions.

Futura Insurance Policy Details 

Inclusions:

Life cover is a mandatory benefit that includes terminal illness coverage, aeroplane cover, and access to a medical second opinion service. We have explained the benefits of Futura insurance are explained below -

• Life Cover - Provides a cash payout to beneficiaries in the event of the insured's death
• Terminal Illness Benefit - The life cover amount is paid if the insured is diagnosed with a terminal illness. Not available for joint life-last death policies
• Funeral Coverage - An advance payment of USD 7,500 can be provided from the claim proceeds to cover the initial funeral or repatriation expenses. Payment is made to the beneficiary or policy owner
• Aeroplane Cover - An additional payout, up to USD 1 million, is provided if the insured dies while travelling as a fare-paying passenger on a commercial airline
• Life Event Increase Option - Allows the policy owner to increase selected benefits within 90 days of a major life event, such as marriage, childbirth, or purchasing a home, without additional underwriting
• Medical Second Opinion Service - Provides access to expert medical opinions from world-renowned specialists for critical health decisions, ensuring accurate diagnoses and treatment options

Optional Benefits:

Zurich Futura life insurance plan offers an array of optional benefits. You can add, remove or change the coverage as per your requirements.  They are -

• Accidental Death Benefit - Provides an additional cash payout if the insured dies due to an accident
• Critical Illness Benefit - Pays a lump sum if you are diagnosed with a covered critical illness or undergo a specified medical procedure. Claims are deducted from the life cover sum insured which may reduce or terminate the coverage.  This policy covers 36 conditions*
• Dismemberment Benefit - Pays a cash sum for the loss of sight or a limb due to an accident
• Family Income Benefit - Provides regular payments if the insured passes away during the policy term
• Fixed Term Income Benefit - Pays regular amounts if the insured dies before age 70, starting from claim approval
• Hospitalisation Benefit - Payable if hospitalised for four or more consecutive days
• Permanent and Total Disability Benefit - Provides a lump sum if diagnosed as permanently and completely disabled. This claim does not reduce life cover
• Waiver of Premium - Covers premium payments if the insured is incapacitated due to illness

*Note - The critical illnesses covered include -

Exclusions:

Some situations are not covered under this policy, including –

• Suicide and Self-Inflicted Injuries - No coverage is provided if death occurs due to suicide or intentional self-harm within the first year of the policy
• Incorrect or Misleading Information - Health and lifestyle details must be accurate during the application process. Providing false information may result in claim denial
• Policy Value Withdrawals - Coverage remains active as long as the fund value can sustain its cost. Withdrawals reduce the policy’s duration, and if the value reaches zero, coverage will end, and the policy will lapse

How to Apply for a Futura Insurance Plan in the UAE?

Here’s a step-by-step process on how to apply for Futura insurance in the UAE -

• Click on the Life Insurance tab present on the menu bar on Policybazaar.ae
• Enter basic information such as name, age, contact details, and coverage preferences in the lead form
• You will be directed to the Quotes Page. Review available options based on coverage, benefits, and premiums
• Choose the Futura Whole Life Insurance plan that suits your needs
• Upload necessary documents such as ID, medical records, and financial details
• Pay the initial premium using the available payment options
• Get the policy details via email and start your coverage

How to File a Futura Insurance Claim?

For any Futura life insurance claims, Zurich should be your first point of contact. A financial professional can also assist you. The process is mentioned below -

• Notify Zurich as soon as possible at benefit.claims@zurich.com
• Medical records may be required for claim processing
• For a waiver of a premium claim, a medical examination or testing may be necessary
• Any required medical documents must be provided at the claimant’s expense
• Full claim details and procedures are available in the Policy Terms and Conditions