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National Life and General Insurance

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AED 1 million life cover starting @50/month
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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.

Types of Life Insurance Products from National Life and General Insurance

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:

Term Life Insurance

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 -

  • Flexible Policy Tenure - Minimum: 5 years; Maximum: 35 years
  • Free Look Period - 30 days from the commencement date
  • Grace Period - 30 days from the date when the premium was due
  • Revival Period - Permitted up to 9 months from the date when the policy lapsed
  • Premium Payment Frequency - monthly, half-yearly, quarterly, or yearly

Group Life Insurance

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 -

  • Death Benefit - If an employee passes away, the insurance provider would offer a lump sum amount as sum assured. The criteria for choosing this sum assured are mentioned below -
  1. In the multiples of yearly or monthly salary of the employees
  2. Based on the position or grade of the employees
  3. The same sum assured for all employees
  • Terminal Illness Benefit - If the employee is terminally ill, the life insurance provider will pay a lump sum amount.

Discussed below are some add-ons that you can opt for your company with this life insurance policy -

  • Accidental Death Benefit -  If an employee passes away due to an accident, the insurance provider will pay an additional amount along with the principal sum on behalf of the company (if this rider is added to the plan). 
  • Temporary Total Disability - This benefit offers financial compensation in case an employee fails to report to work because of a temporary, complete, and continuous disability that is caused by an accident or sickness. The company has the flexibility to choose the payout duration between 52 weeks and 104 weeks.
  • Permanent Total and Partial Disability - In case an employee suffers from permanent total or partial disability, the insurance provider, on behalf of the company, pays a lump sum amount. 
  • Medical Expenses for an Accident - The employees are reimbursed for medical expenses that they incur because of accidental injuries. The reimbursement amount is determined based on the customary prices that the network providers with the insurance company have to offer. 
  • Repatriation Expenses - If an employee passes away or suffers permanent total disability, the insurance provider would cover their repatriation costs. The reimbursement cost includes economy-class air tickets for the accompanying person as well. 

Reasons Why Life Insurance from National Life and General Insurance is Preferred

Here are the reasons why you should buy a life insurance plan from National Life and General Insurance -

  • Seamless claim settlement process
  • Over 500 dedicated staff members to assist you
  • 24/7 customer care
  • Life insurance plans with global coverage
  • Flexible premium paying tenures
  • Customised life insurance products

Policybazaar Insurance UAE - The Ultimate Platform for All Your Life Insurance and Investment Needs

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.

Frequently Asked Questions

Q1. When should you buy a term life insurance plan from National Life and General Insurance?

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.

Q2. What is the maximum death benefit amount assured by the insurance provider?

Ans: A policyholder’s loved ones can get up to AED 1,800,000 as a death benefit upon the former’s unfortunate demise.

Q3. What are the riders available with Group Life Insurance?

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.

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