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.
Union Insurance is a reputed name in the insurance industry of the UAE. Founded in 1998, the company offers standard as well as tailored insurance plans to individuals, small to large businesses, governmental organisations, and more.
With Union Life Insurance, you can choose from any of the numerous plans offered by the company to fulfil your financial goals and secure the financial future of your family.
Let’s go through the top Union Life Insurance plans, their benefits, eligibility criteria, and more such details important for you.
As we discussed earlier, Union Life Insurance has numerous life insurance plans in its catalogue that can be beneficial for various types of individuals. In this section, we will have a quick overview of the top plans for life insurance in UAE by this provider –
Now that we have a basic idea of the plans available with Union Life Insurance, let’s explore the key features and benefits of each of the above-mentioned plans in detail –
Smart Term Life
Smart Critical Illness
The eligibility criteria for these plans are pretty straightforward. You must be in the age range of 18 to 60 years and have a valid UAE residence visa to apply for the aforementioned policies offered under Union Life Insurance. It must be remembered that the plan will be terminated when you turn 65 years old.
Ans: Union Life Insurance offers Smart Term Life, Smart Critical Illness, and Infinity Life plans.
Ans: The information required to obtain a quotation for any policy includes details like your name, the insured sum, birth date, policy tenure, smoker/non-smoker status, medical examination in some cases, and more.
Ans: Yes, the Infinity Life policy is available in the following forms – single life (first death) or joint life (first death or death of both).