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.
National Life and General Insurance, founded in 1995, is a renowned insurance provider in the UAE with a strong commitment to safeguarding lives and securing the future of individuals and families.
A part of Omnivest Group, the company has a comprehensive range of life insurance products that offer reliable coverage tailored to meet diverse needs. Its collection of products includes life insurance policies, which are designed to provide financial protection and peace of mind. Whether it is term life or group life insurance, National Life and General Insurance offers flexible options to suit varying circumstances.
The exceptional quality and reliability of National Life and General Insurance’s services have garnered numerous accolades and accreditations. The company has been recognised for its excellence in customer service, innovative product offerings, and commitment to ethical practices.
Beyond national boundaries, National Life and General Insurance has established a strong global presence. With a footprint spanning multiple countries, they serve a wide customer base and bring their expertise and financial stability to customers around the world.
In this article, we will delve into the life insurance products offered by National Life and General Insurance along with their features and benefits.
As a prominent life insurance provider in the UAE, National Life and General Insurance offers 2 major types of life insurance products. Let’s take a look at their salient features below:
This is an affordable and effective National Life and General Insurance product that assures financial security for the policyholder’s family in case of their unfortunate demise. This life insurance plan enables the family of the deceased policyholder to meet their future financial objectives even in the latter’s absence.
The minimum age to enter this policy is 20 years. The maximum age limit, on the other hand, is 60 years.
Check out the table below for the major benefits that the policyholders and their family members can receive by purchasing this policy:
|Specifications||Minimum Amount||Maximum Amount|
|Death Benefit (DAC)||AED 350,000||AED 1,800,000|
|Terminal Illness Sum Assured||AED 350,000||100% of the Death Benefit Sum Assured|
|Critical Illness Sum Assured (Optional)||10% of the Death Benefit Sum Assured||50% of the Death Benefit Sum Assured|
|Accidental Total Permanent Total Disability - Waiver of Premium (optional)||N/A||Equivalent to the remaining premium from the incident date|
Listed below are some of the salient features of this life insurance product -
This life insurance product from National Life and General Insurance helps organisations financially secure their employees against life’s uncertainties at affordable rates. This plan is usually provided as a part of a comprehensive employee benefit package.
A group life insurance plan offers the employees of an organisation an assured financial safety net to compensate for the loss of income, cover financial obligations, and daily expenses in case of an unfortunate event.
The group life insurance from NLG is vouched for its smooth functioning in terms of ease of removing former employees and adding new employees into the policy. Let’s now look into the basic cover offered by Group Life Insurance from National Life and General Insurance -
Discussed below are some add-ons that you can opt for your company with this life insurance policy -
Here are the reasons why you should buy a life insurance plan from National Life and General Insurance -
The best way to purchase a life insurance plan without any hassles is via Policybazaar Insurance UAE. This is an online portal that hosts the best life insurance plans in the UAE from the major insurance players in the country. The website is pretty easy to use and allows you to apply for life insurance in just a few clicks.
To apply for a life insurance plan, you can start by visiting the ‘life insurance’ tab on the home page. You will be then directed to the lead form - fill it out correctly and click on the “View Quotes” button.
This will take you to our life insurance quotes page, where you can look for National Life and General Insurance’s life insurance products and explore their features, estimated premiums, and more. Once you make the decision, click on the ‘Apply Now’ button and follow the instructions mentioned thereon.
For more details regarding National Life and General Insurance, go through the following FAQ section.
Ans: Term life insurance policies are more affordable for younger individuals (compared to older ones) due to the fact that healthier individuals generally pay lower premiums compared to older individuals. While people between the ages of 20 and 60 have the option to choose term insurance, starting in your 20s is generally considered an ideal time to enter the insurance market and prepare for your family's future.
Ans: A policyholder’s loved ones can get up to AED 1,800,000 as a death benefit upon the former’s unfortunate demise.
Ans: The riders available with this life insurance plan include repatriation expenses, temporary and permanent disability, medical expenses due to accident, critical illness, and accidental death benefits.