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.
Sukoon Insurance, earlier known as Oman Insurance Company (OIC), was established in 1975 and is primarily owned by the Mashreq Bank. Currently, Sukoon Insurance is one of the most renowned and innovative organisations in the insurance industry in the UAE.
Sukoon Insurance makes for an excellent choice if you are looking for life insurance in UAE with features like affordable plans, a range of options, comprehensive coverage, and more. To find out which plan from the list is the best suited for you, let’s discuss the various Sukoon life insurance plans, their key features, benefits, eligibility criteria, and more.
A wide range of attractive oLiptions is one of the defining features of Sukoon (formerly Oman) Insurance. We will have a glance at the different life insurance plans offered by the company as well as their salient features –
Also referred to as Whole of Life Insurance, this is a comprehensive Sukoon life insurance plan that uses a portion of your premiums to invest in your preferred investment funds.
Listed below are some of the key features of the Life Protect plan –
Sukoon (earlier Oman) Insurance offers three unit-linked insurance options, which are Smart Invest, Elite Life, and Sukoon Advantage. These plans combine the benefits of both insurance and investment.
Key features of Unit-Linked Investment plans include –
Diabetic Care is a special type of plan under Sukoon life insurance which brings coverage for people with type 2 diabetes. While the plan covers major diabetes-related medical expenses, you can always add auxiliary riders to expand the plan coverage.
Furthermore, the plan extends death benefits in the event of the policyholder’s demise due to organ failure, cardiovascular issues, paralysis, stroke, and so forth.
Here are the primary features of the Diabetic Care plan –
Sukoon term insurance is available in two types – Life Guard plan and Term Protect. These plans can financially assist the family of the policyholder in case Listed below are the salient features of these plans –
The primary benefits of buying Sukoon life insurance are listed below –
Ans: Sukoon life insurance plans are available for both UAE nationals and expatriates.
Ans: The type of Sukoon (formerly Oman) life insurance plan that you choose would determine the approval time. In most cases, the policy is processed and approved within 5-7 working days.
Ans: Policies offered by Sukoon Insurance offer vital benefits such as financial security, death benefits, survival benefits, cost-effectiveness, wealth generation, and more.
Ans: For any complaints or general queries related to any Sukoon life insurance policy, you can drop an email at email@example.com and firstname.lastname@example.org, respectively. You can also dial +971 4 233 7777 or connect with the Sukoon customer service centre at 800785666.