RAK Insurance Life Insurance UAE & Dubai

Life insurance is more than just a policy — it provides financial security and peace of mind during uncertain times. With RAK Life Insurance, you gain access to —

• Financial Security: In the event of death or critical illness, your beneficiaries will receive money that can help cover living expenses, debts, or future goals.
• Flexible Policies: You can choose from various plans tailored to your needs and financial situation.
• Great Savings: If you prefer to purchase your insurance online, you can save both time and money. RAK Life Insurance’s user-friendly website and mobile app make the process simple and secure.

Explore your options today and take a proactive step toward ensuring peace of mind for you and your family.

Types of RAK Life Insurance

RAK Life Insurance provides different types of coverage to suit various needs. Some key options include —

1. Basic Life Assurance

This policy offers coverage for a specific period. If something happens to you during that term, your beneficiaries receive a payout. This payment, known as the "benefit," provides crucial financial support during a difficult time. It’s an affordable way to secure financial protection for your loved ones. 

In some cases, the policy may also pay out if the insured is diagnosed with a terminal or critical illness, depending on the contract's terms.

Premium Payments

You typically pay premiums on a regular basis—either monthly or annually—or as a lump sum. These payments are essential for maintaining the policy and ensuring that the benefits are available when needed.

2. Everest Pro 

With Everest Pro, you can enjoy the advantages of life insurance while simultaneously building your savings. This RAK Life Insurance Dubai plan allows you to invest a one-time amount. It ensures a minimum guaranteed benefit at policy maturity while providing the opportunity for potential market returns. 

Everest Pro offers participation in a pre-defined capital market index developed by Munich Re. This feature gives you the potential for higher returns while minimising the risks typically associated with direct stock market investments.
 

Features:

• Single Premium Endowment:
  • Requires a one-time investment
  • Available for a limited period exclusively to RAKBANK customers
• Guaranteed Benefits:
  • Pays a guaranteed benefit upon maturity or in case of premature death
     

Plan Options:

Everest Pro offers two plan options to meet your investment needs —

• Plan Option: Highest NAV (Look-Back Option)
• Policy Terms: Available terms of 3, 5, or 7 years, allowing you to select a plan that aligns with your financial goals
   

Key Features

• Lock-in Feature
  • The Highest NAV option increases your lump sum payment at maturity based on the highest semi-annual performance of the Systematix® BEST 10% RC USD Index.
  • This lock-in feature protects your investment from market downturns and enhances your wealth accumulation.
• Maximised Returns
  • You have the flexibility to choose a variant that offers a higher minimum guaranteed benefit.
  • Increases participation rate in the index’s performance, potentially enhancing your lump sum payment at maturity.

Note - The minimum guaranteed amount safeguards your payment, unlike directly investing in the stocks. The minimum amount will be paid no matter how the market is performing. 

Exclusions of RAK Life Insurance 

The terms and conditions of the policies often include exclusions, under which claims may be denied. Common exclusions include —

• Suicide
• Fraud
• War and civil unrest

You need to understand these limitations to avoid any surprises when filing a claim.

Why Choose RAK Life Insurance Dubai?

Choosing RAK Life Insurance means opting for reliability and support. Here’s why you should consider it —

For more information, you can always check the RAK Life Insurance reviews online.

RAK Life Insurance Claim Process

Filing a claim for RAK Life Insurance settlement is straightforward, ensuring that you receive the support you need when it matters most. 

Here’s how the process works —

Notify RAK Insurance

• Go to the RAK Insurance official website.
• Click on ‘Complaints & Suggestions.’  
• Then scroll down and fill the form with necessary details like policy number, phone number, etc. 
• Select ‘Claim’ in the ‘Nature of Complaint’ section. 
• Press the ‘Submit’ button. 

Their team personnel will contact you at your preferred time and will guide you through the necessary steps.

Or 

In case of immediate assistance, you can directly call them at 800 7254 or mail them at info@rakinsurance.com. You can also visit the nearest RAK Insurance branch.

FAQ's on RAK Insurance Life Insurance