What is the Best and Safest Term Insurance Plan in the UAE?

There are several term insurance plans available in the market. You simply need to find the best and safest term insurance plan in UAE that would secure the future of your loved ones in an apt manner. But the main concern is which one to choose? To help you to find the right one, we have put together 3 best term insurance plans in the UAE based on their features and benefits that are offered on the insurance plan.

Union Insurance Sure Term

Sure Term is amongst the best term insurance plan in UAE that provides worldwide coverage and offers the plan at an affordable premium.

If the insured does not survive during the tenure of the policy, then the sum assured is payable to the insured’s family members. And if the policyholder survives during the policy tenure, then no maturity benefit or sum is offered to the policyholder and his/her family members.

Features & Benefits of this plan:

• The insurer provides coverage against death no matter what the cause is.
• The term insurance plan offered by the Union Insurance Company is tailored to be fully portable and it offers worldwide coverage.
• Since there is no complicated procedure and no waiting period, the coverage started almost immediately within just a few seconds of the signup process.
• The insurer offers flexible policy tenure starting from one year to 10 years. You can choose a tenure that is suitable for you.
• You can easily make the payments through credit cards.
• The Sure Term plan offered by the Union Insurance company works as primary as well as secondary plans.

Salama Term Plans

Salama offers effective term insurance that has an apt “claim settlement ratio”. Also, it offers wider coverage at a lower premium. It reduces the risk of financial loss that your loved ones may confront in an unforeseen event. By opting for this term insurance plan, your family member’s tomorrow future will be safe since it provides financial protection in an effective manner.

Features & Benefits of this plan:

• You can easily choose your payment terms and cover level.
• The term insurance plan can either be on a single life or joint life.
• The plan provides a grace period of 90 days.
• Salama term plan includes terminal illness.
• The term insurance plans are created for both individuals & corporate.
• The policyholder may choose to pay either a single contribution or a regular quarterly/monthly/half-yearly/yearly contribution.

Different Salama Term Plans

Alliance Insurance Term Insurance Plan

Alliance Term Insurance plan in UAE provides life coverage for a certain period of time which can a specific duration (10, 20, or 30 years) or until a certain age (65 or 70 years old). This insurance company offers 4 term insurance products, each with comparatively low premiums & zero cash values.

Features & Benefits of this plan:

• This plan offers the death benefit to the nominee upon the sudden demise of the insured.
• The term insurance plan comes with a minimum tenure of 5 years while maximum tenure is 30 years.
• It offers wider coverage at a cost effective premium cost.
• The insurer provides the flexibility to choose the plan tenure.
• You can easily buy this term insurance online while sitting at the comfort of your home.

Different Salama Term Plans

The Bottom Line

Opting for the term insurance plan in UAE is a smart financial decision as it would ultimately provide financial protection to your loved ones in case of any eventuality. It is basically a safety cover for your family. So, compare all the different term insurance plans based on their coverage, claim settlement ratio, the sum assured, and several other criteria and then choose the right one as per your needs and convenience to provide your loved ones much-needed financial security when you are not around.