This article delves deep into the realm of holding multiple term insurance policies, highlighting the benefits and answering your pressing queries regarding this facet of financial planning.
Hayah Insurance is a new-age insurance provider that offers a comprehensive set of insurance plans to fulfil the requirement of modern customers. This company is a suitable option if you are looking for the best life insurance in UAE.
With Hayah Insurance, you can find two main life insurance plans – Term Life Protect and Global Protect Life Insurance plan. These plans have a variety of features that cater to the different requirements across various categories.
Let’s understand the benefits and features of the Hayah Life Insurance policies and how they can help you deal with difficult times.
Discussed below are the salient features of the available Hayah Life Insurance plans –
The plan offers coverage against loss of life as well as disability and terminal illness for between 1 and 35 years
Primarily designed for companies and corporations, this plan allows you to secure coverage for critical illness, disability, and death of your employees due to critical illness or accident. One of the most remarkable benefits of this plan is that the policyholder gets access to the priority screening facility and 40,000 partners across 5 continents while travelling with AXA Assistance.
Eligibility criteria: Most of your business and employees should be in the UAE
Listed below are the key features and benefits of the Hayah Life Insurance plans –
The following table highlights the eligibility criteria for each of the life insurance plans offered by Hayah –
|Term Life Protect||Global Protect Life Plan|
|The policyholder should be a UAE resident and must be in the range of 18 to 79 years old at the time of entry||A major portion of your business and employees should be in the UAE|
Ans: The Term Life Protect plan offers maximum coverage of USD 50,000,000 or USD 50 million.
Ans: Yes. The Hayah life insurance policy extends the benefit of purchasing add-on riders with the Term Life Protect plan.
Ans: The Term Life Protect plan is only valid for UAE residents.
Ans: With Hayah Life Insurance, you can cancel your Term Life Protect plan anytime without paying any additional charges. Furthermore, you will get a refund for the remaining period of the policy if you have made advance payments for the insurance premiums.