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.
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.
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:
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 –
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 –
Some features of this policy include –
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 –
There are numerous benefits of purchasing a MetLife Life insurance plan, with some of the major ones being –
Different MetLife Life insurance plans have different eligibility criteria. Given below are the eligibility requirements for each plan –
Keep the following points in mind to avail of the Future Protect life insurance plan –
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.
To avail of the Live Life insurance plan –
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.
To get this plan, you must fulfil the following eligibility requirements –
Ans: You can make premium payments for MetLife Life insurance plans through wire transfer, local cheque, debit or credit card, and online payment.
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.
Ans: Under the Future Protect life insurance plan, the coverage can range from USD 100,000 to USD 50 million.
Ans: The premiums for the Live Life Now plan start from AED 720 per year or AED 60 on a monthly basis.