LIC Life Insurance UAE & Dubai

LIC International UAE specialises in whole life, term life, and endowment plans. These options ensure that policyholders and their families are financially protected in unforeseen circumstances. With flexible options and tailored coverage, LIC International helps you achieve peace of mind by securing your future and supporting your financial goals.

What is the LIC International Life Insurance Plan?

LIC International's life insurance plans in the UAE are available across a range of policies. These plans ensure that in case of the policyholder's death, a lump sum amount is paid to beneficiaries. This sum helps them meet financial needs such as daily expenses, education costs, or debt repayment. 

LIC International offers options like whole life insurance, term insurance, and savings plans, each tailored to different financial goals. With flexible premiums and coverage options, these plans are quite helpful for expatriates in the UAE in terms of their long-term financial planning.

Why Should You Buy an LIC International Life Insurance Plan?

Here The following are the reasons to buy an LIC International life insurance plan –

• More than 10 plans available
• Flexibility to customise insurance plans
• Quick claim settlement process
• Option to get non-smoker premium rate
• Optional accelerated critical illness rider
• Round-the-clock customer care assistance
• Grace period of 
  • 30 days if paying a half-yearly or annual premium 
  • 15 days if you’re paying a monthly premium

What are the Features and Benefits of LIC Life Insurance?

LIC life insurance plan offers a variety of life insurance policies including a pure term plan including – Life Protect Term Plan. This is a non-profit LIC term life insurance plan whose premium rates depend on the life assured’s lifestyle and current health condition. 

Here are the features and benefits offered with most LIC Life plans —

• Death benefit 
• Survival benefit
• Maturity benefit
• Flexible insurance term
• 30-day free-look period

Listed below are the riders available with most LIC International life insurance plans –

• Accelerated Critical Illness (ACI) Rider – Cover 37 critical illnesses
• Partial Withdrawal
• Fund Switching Option

Mentioned below are the key exclusions of the majority of LIC International life insurance plans —

Death due to: 

• Suicide
• An act committed by a foreign enemy
• War or warlike operations
• Invasion, riot, civil commotion, usurping of government power, hostilities, mutiny, rebellion, civil war, or insurrection
• A military activity or conspiracy
• Terrorism or conspiracy to plan a terrorist attack 

What are the Eligibility Criteria to Buy Life Insurance Corporation International Life Insurance?

To buy LIC life insurance in the UAE, you must meet the following eligibility criteria –

• Age Group – 18 to 75 years old
• Residency – UAE resident

How to File an LIC Life Insurance Claim?

Follow this process to file an LIC International life insurance claim–

• Contact LIC as soon as possible using the provided contact details to inform them about the claim.
• Accurately fill out the claim form and provide all necessary information. Be thorough with details to avoid delays in processing.
• Send the completed claim form and any required documents through the designated channels.
• If the insurance company requests more details, provide them promptly to ensure smooth claim processing. Stay cooperative during communication.
• The insurance company will review your claim based on the submitted information, documents, and policy terms. An investigation may be undertaken if needed.
• Once approved, the insurer will provide the settlement as per policy terms through methods like bank transfer or cheque.
• If you face any issues or have questions, contact the insurer's customer service or claims department for help.

Note – The steps and requirements may differ based on the insurance company and policy terms. Always review your policy and follow the insurer's instructions carefully.

Provide the following documents to file LIC life insurance claim —

• Filled up claim form
• Original policy document
• Medical records (if applicable)
• Death certificate
• Identification documents (Emirates ID or address proof)
• Other supporting documents requested by the insurer

Why Should You Buy an LIC International Life Insurance at Policybazaar.ae?

When you apply for an LIC International life insurance plan from Policybazaar.ae, you get the following benefits —

• Compare and select the plan best suited for you
• Customise your life insurance plan as per your requirements
• 24/7 customer care service
• Expert assistance in case you get confused
• Free access to your AECB credit score
• Access to other insurance, banking, and finance products

The portal is easy to use and makes it straightforward to get an insurance plan in just a few clicks.