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MetLife Life Insurance

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AED 1 million life cover starting @50/month
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MetLife (Metropolitan Insurance) is one of the most recognised names in the insurance industry in the UAE as well as the world. Established in 1868, the company has a remarkable history of over 150 years of providing excellent insurance products.

With respect to the UAE, MetLife has had a strong presence of over 65 years and has numerous life insurance plans that you can get to financially secure your family. As one of the world’s largest providers of insurance, MetLife offers a range of simple, affordable, and customisable life insurance plans that you can modify to specifically meet your needs.

Let’s understand the types of insurance offered by MetLife in detail, their benefits, the eligibility criteria, key features, and other such details.

MetLife Life Insurance – Types of Plans Offered

With MetLife Life Insurance UAE, you can find three major types of life insurance plans. We will discuss the basic features of each of them below:

1. Future Protect Life Insurance Plan

Future Protect is a hybrid life insurance plan that provides insurance coverage along with customisable investment choices to suit your needs. This plan is sufficiently flexible for you to build your wealth in a way that you choose while safeguarding your family members.

With this plan, you can get assistance in replacing lost income, paying for your children’s education, and clearing up any remaining debts in case of any unforeseen event.

Here are some of the features of this policy –

  • Future Protect plan provides flexible premium payment options ranging from 5 to 20 years
  • The premiums start from USD 1,800 per year and can be paid monthly, quarterly, semi-annually, or annually
  • Under this policy, you can get continuous coverage up to the age of 95 years
  • This plan enables you to choose between a single life cover and a joint life cover
  • You can enjoy high coverage under the Future Protect life insurance plan, with the amount for the same ranging between USD 100,000 and USD 50 million
  • Depending on your risk capacity, you can choose from strategies of MetLife, i.e., aggressive, balanced, and conservative
  • Future Protect allows you to customise your investments to suit your varying requirements and market conditions
  • This policy also gives you a choice to receive regular quarterly income for the rest of your life instead of a lump sum amount
  • With life insurance benefits, you can include any of the below benefits to your policy –
    • Waiver of premium
    • Permanent total disability
    • Critical illness (any of the listed 32 critical illnesses)
    • Accidental death benefit

2. Live Life Insurance Plan

The Live Life Insurance plan is a comprehensive life insurance policy designed to cover you and your family from unexpected events of life.

Here, you can have two plan options as a policyholder –

  1. Level Benefit: Your chosen coverage amount will not change with this plan
  2. Decreasing Benefit: Here, your chosen coverage amount reduces annually, depending on the set amortisation rate

Some features of this policy include –

  • You have the flexibility to customise your investments to suit your varying needs and market conditions
  • Live Life plan provides flexible terms ranging from 5 to 30 years, with the premium starting from USD 200 per year
  • Under this policy, you can get continuous coverage up to the age of 85 years
  • You can include any of the below benefits in your policy –
    • Permanent total disability
    • Waiver of premium
    • Accelerated critical illness (any of the listed 32 critical illnesses)

3. Secure Plus

Secure Plus is another MetLife Life Insurance plan that one may get to secure adequate financial coverage so that their family’s requirements are fulfilled even if they face any severe illness or pass away.

With the Secure Plus plan, you can avail of the following features as a policyholder –

  • You can easily get this plan online right from the comfort of your home
  • Global coverage
  • This plan can be purchased without undergoing any medical test
  • The premiums for this plan can start as low as AED 7 per month
  • The benefits offered under this plan can go up to AED 1.8 million

Benefits of Buying MetLife Life Insurance Plan

There are numerous benefits of purchasing a MetLife Life insurance plan, with some of the major ones being –

  • Buying a MetLife Life insurance plan is simple – you can complete the process online
  • The plans are affordable and offer a high coverage amount as well
  • A MetLife Life insurance policy can help the policyholder’s family manage their daily expenses, school fees, rent, and others if the former passes away during the policy tenure, which allows them to maintain their lifestyle
  • With this insurance policy, you can also be assured that your child’s education will continue even if any unforeseen circumstances are presented
  • In case the insured individual passes away, this plan can also cover any outstanding payments as loans and others
  • With a MetLife Life insurance plan, you can choose how much coverage you want and add other benefits to the current coverage to provide your family with additional financial stability as per your profile

Eligibility Criteria for Applying for MetLife Life Insurance Plan

Different MetLife Life insurance plans have different eligibility criteria. Given below are the eligibility requirements for each plan –

1. Future Protect Life Insurance Plan

Keep the following points in mind to avail of the Future Protect life insurance plan –

  • You must be between the age of 18 and 65 years
  • This plan’s maturity age is up to 95 years

The documents required to obtain a Future Protect life insurance plan may include a valid Emirates ID, salary slip, passport for expatriate applicants, medical certificate, and bank statement.

2. Live Life Insurance Plan

To avail of the Live Life insurance plan –

  • You must be between the age of 20 and 75 years depending upon the policy’s term
  • The maximum age allowed at maturity is 85 years

You may be required to keep documents like a valid Emirates ID, salary slip, passport for expatriate applicants, medical certificate, and bank statement available for this plan.

3. Secure Plus Plan

To get this plan, you must fulfil the following eligibility requirements –

  • Your age must be between 21 and 55 years
  • You must be a UAE resident

FAQ's

Q1. How can I make a premium payment?

Ans: You can make premium payments for MetLife Life insurance plans through wire transfer, local cheque, debit or credit card, and online payment.

Q2. When to submit a life insurance claim?

Ans: You must send a notification to the provider within ten calendar days of the event. Additionally, you must send all the claim papers within 30 days.

Q3. What is the coverage amount in Future Protect life insurance plan?

Ans: Under the Future Protect life insurance plan, the coverage can range from USD 100,000 to USD 50 million.

Q4. How much will the Live Life Now Insurance plan cost?

Ans: The premiums for the Live Life Now plan start from AED 720 per year or AED 60 on a monthly basis.

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