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25 Year Term Life Insurance

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Unprecedented situations are possible during any stage of life. It is always a wise decision to financially secure yourself and your family in advance. Term insurance plays a key role in both short-term and long-term financial planning, as individuals can ensure financial security for their family members even in their absence.

In this article, we would specifically focus on 25 year term life insurance and associated aspects like its importance, benefits, eligibility criteria, and required documents for 25 year term life insurance plans. You would also find some top 25 year term life insurance plans in the UAE listed below.  

Significance of 25 Term Life Insurance

Given below are a few benefits of 25 term life insurance to help you understand its significance –

  • If the unfortunate death of the policyholder occurs during its validity period, a term life insurance policy offers financial support to the dependents of the policyholders. With this sum, dependents can have adequate finances for their daily needs and monthly expenses, children’s education, marriage, debts (if any), and so forth.
  • Term life insurance also comes with a flexible payout option. As per the option chosen by the policyholder, dependents can choose to receive a lump sum amount or regular payments.
  • The premiums of term insurance policies are fixed and can be paid on a lump sum, yearly, or even half-yearly basis, which means that you can pay for the plan as per your financial plan and conditions.

Term Insurance Plans

5 Year Term Life Insurance 10 Year Term Life Insurance 15 Year Term Life Insurance 20 Year Term Life Insurance

How to Choose a Term Insurance Plan?

To find the best term life insurance plan for yourself and your family, you must take a few points into consideration –

Your Life Stage and Dependents

Your life stage is an important factor to consider while selecting a 25 year term insurance plan, as your age has a considerable effect on your policy duration and premium. As individuals are prone to health diseases and more financial responsibilities in old age, the premium tends to increase with the applicant’s age.

Besides age and life stage, it is also crucial to consider the number of dependents you have. You would be able to select the best plan for your family only after considering the dependents and their financial requirements for both the present and the future.

Consider Your Lifestyle and Income

Your standard of living and monthly income also matters when you select a term life insurance plan. It is advisable for applicants to analyse their lifestyle to ensure their family members/dependents live the same way in their absence without compromising their lifestyle and other requirements.

For this goal, the applicant would also need to figure out the amount that goes into their daily family requirements. It is a requisite to evaluate your financial responsibilities and manage your finances effectively to invest better in terms of 25 year term life insurance.

Analyse Your Current Liabilities

Another factor that influences your term life insurance plan is your present liabilities. An individual may have taken a loan or mortgage that may last for a long term. However, if their loan repayment tenure does not align with their term insurance period, it can be stressful for their family to complete the loan repayment in case the policyholder passes away.

Thus, it is advisable to always select a term insurance plan that will extend beyond or at least cover the duration of your current loan repayment period.

Check for Add-On Plans 

When going through different 25 year term life insurance plans, it is necessary to look into the riders provided by insurance companies as well. Add-ons or riders are fundamentally additional benefits offered along with basic insurance plans. Term life insurance policyholders can opt for such add-on plans by paying additional premiums.

Consider the Claim Settlement Ratio of Your Provider 

The Claim Settlement Ratio (CSR) is simply the ratio between the number of claims paid to policyholders by an insurance provider and the total claims received by the said provider. It is crucial to validate the CSR of insurance companies to know whether they are reliable and promise to offer financial support when your family requires it the most.

Top 25 Year Term Life Insurance Plans

Listed below are the top 25 year term insurance plan providers in the UAE –

Insurance Product

Life Cover (In AED)

Takaful Emarat (Fixed Term)

250,000

HAYAH Insurance (Term Life Protect)

250,000

Union Insurance (Smart Term)

250,000

Noor Takaful – Watania (Full Protection)

250,000

Noor Takaful – aWatania (Pure Protection Cashback)

300,000

Let’s check out the salient features of the given top 25 year term life insurance plans in the UAE –

Insurance Product

Plan

Inclusions

Sum Assured Payout in Case of Death

Add-On Plans

Takaful Emarat (Fixed Term)

Level Term Plan

COVID-19 Coverage

Pre-Existing Disease Coverage: As per the Approval of the Provider

Worldwide Coverage

Pre Existing Diseases: Subject to Insurer Approval

Accident: From Day One (AED 250,000)

Sickness: from Day One: AED 250,000

Terminal Illness – On Diagnosis (Death imminent within 12 months)

Critical Illness – On Diagnosis

HAYAH Insurance (Term Life Protect)

Level Term Plan

COVID-19 Coverage

Worldwide Coverage

Medical Checkup: Not Required

Accident: From Day One (AED 250,000)

Sickness: From Day One (AED 250,000)

Terminal Illness – On Diagnosis (Death imminent within 12 months)

Critical Illness – On Diagnosis

Temporary Life Cover

Passive War Risk

Permanent Total Disability (PTD) –  (Accident, Sickness, and Premium Waiver)

Union Insurance (Smart Term)

Level Term Plan

COVID-19 Coverage: After 30 days

Pre-Existing Disease Coverage: Pre-approved up to AED 1,000,000

Maturity Bonus Payout: No

Medical Checkup: Not Required

Worldwide Coverage

Pre Existing Diseases: covered after 6 months

Accident: From Day One: 100% of the Sum Assured

Sickness

Terminal Illness (Death imminent within 12 months), Kidney Failure and Cancer: covered after 6 months

Passive War Risk: cover AED 250,000

Term 25 Years: Free

Noor Takaful – Watania (Full Protection)

Level Term Plan

COVID-19 Coverage

Pre-Existing Disease Coverage: Subject to Provider Approval

Worldwide Coverage

Pre Existing Diseases: Subject to Insurer Approval

Accident: From Day One: AED 250,000

Sickness: From Day One: AED 250,000

Critical Illness – On Diagnosis: Cover AED 25,000 Term 15 Years

Passive War Risk

Cover AED 250,000 Term 25 Years: Free

Permanent Total Disability (PTD) –  (Accident and Sickness): Cover AED 25,000 Term 25 Years

Noor Takaful – Watania (Pure Protection Cashback)

Level Term Plan

COVID-19 Coverage

Maturity Bonus Payout

Medical Checkup: Not Required

Worldwide Coverage

Accident: From Day One (AED 300,000)

Sickness: From Day One (AED 300,000)

Terminal Illness – On Diagnosis (Death imminent within 12 months) – From Day One: 20% of SA (Max up to AED 150,000)

Repatriation Benefit: Additional AED 5,000

What are the Eligibility Criteria to Buy a 25 Year Term Life Insurance Policy in the UAE? 

While the eligibility criteria for 25 year term life insurance plans in the UAE varies as per the provider, a few guidelines followed by most providers are discussed below –

  • Age: In the UAE, the minimum age to purchase a 25 year term life insuranceis 18 years. Some insurance companies, however, set the minimum age as 21 years. On the other side, the upper age limit for buying a term insurance policy ranges around 60 years. Make sure to check with your concerned bank or provider to verify whether you are eligible for your selected term plan. 
  • Nationality: Both UAE nationals and expatriates are eligible to purchase 25 year term life insurance plans. All you need to do is present a few documents to confirm your nationality. 

What Documents are Required to Buy a 25 Year Term Life Insurance Policy in the UAE? 

In order to buy 25 year term life insurance plans in the UAE, policy buyers are required to submit a few essential documents to complete the purchasing process like the following –

  • Emirates ID
  • Passport
  • Emirates visa (only for ex-pats)
  • Valid address proof, such as a utility bill

Why Buy a 25 Year Term Life Insurance Policy from Policybazaar UAE?

Policybazaar UAE hosts the best 25 year term life insurance plans from the leading insurance providers present in the UAE. Besides that, here are some benefits of getting your term insurance plan from policybazaarinsurance.ae –

  • Our platform offers a wide range of term life insurance products to choose from
  • With our user-friendly website, you can easily browse through our quotes pages and find the relevant plans or information as per your requirements
  • ae allows its visitors to extensively compare multiple plans which can help them select the most suitable one
  • Our customer care support is available round the clock to assist everyone looking to buy term life insurance

How to Buy Term Life Insurance from Policybazaar?

Purchasing 25 year term life insurance plans from policybazaarinsurance.ae involves a few simple steps like the following –

  1. Visit policybazaarinsurance.ae, our website
  2. Select ‘Term Insurance’ under the ‘Life Insurance’ menu on the home page
  3. On the top-right of the page, select your gender to proceed
  4. Next, click on the relevant options and fill out the lead form displayed on the screen
  5. This will take you to the quotes page – go through all the available plans and compare your preferred ones
  6. Choose a suitable plan and apply for it right there on our website

In case you come across any issue while performing the given process, you can get in touch with one of our executives. For assistance, you can either call us at our customer care number (042472904) or drop us a mail at communication@policybazaarinsurance.ae.

How to File a Claim for 25 Year Term Life Insurance in the UAE? 

While purchasing 25 year term life insurance, policyholders and their beneficiaries must be aware of how to claim their existing policy as well. While the process of filing a claim for term insurance involves easy steps, you would still be required to provide accurate details and valid documents to carry out the process smoothly.

Check out the following steps to learn more about the procedure of claiming term insurance policies –

  • Filled Claim Form: The first step is to fill out the term insurance claim form correctly. To download the claim form, visit the official website of your insurance provider. Make sure to provide accurate details and avoid any mistakes.
  • Submission of Mandatory Documents: Besides the claim form, dependents must also submit all the required documents to file a claim for term insurance. The mandated documents are as follows – a death certificate, valid medical reports, an official document stating the cause of death, and a valid death certificate authorised by the UAE embassy in case of death in a foreign country).
  • Verification of Submitted Claim Form: Once you submit the 25 year term insurance claim form along with the documents, the concerned authority would review the form to settle the claim – this may take up to 4-5 days.
  • Claim Settlement: After the submitted form and other documents are successfully verified, the insurance company would transfer the amount to the beneficiary.

Have a look at what people are asking about 25 year term life insurance –

FAQs

Q1. What are the factors to consider when purchasing 25 year term life insurance? 

Ans: To buy 25 year term life insurance plans, you must consider the following –

  • Your age and current lifestyle
  • Your Income
  • Your existing liabilities
  • Add-on plans offered
  • Claim Settlement Ratio of the provider

Q2. Who should buy 25 years term life insurance plans? 

Ans: As per experts, once you start earning, it is advisable to purchase a term life insurance plan. 25 years term life insurance plans are generally highly advisable for the following categories of people –

  • Working professionals
  • Married couples
  • Parents
  • Senior citizens

Q3. From where to buy a 25 year term life insurance policy?

Ans: You can find the best term life insurance plans in the UAE from various providers on Policybazaar UAE. Alternatively, you can visit the website of your provider or go to the nearest branch of the respective insurance company for an offline purchase.

Q4. How long does it take to settle a term life insurance claim in the UAE? 

Ans: After you submit your term insurance claim form, it generally takes up to 4-5 days to claim the settlement in the UAE.

Q5. Which documents are required to purchase a term life insurance policy in the UAE? 

Ans: Individuals must have the following documents to buy term insurance policies in the UAE –

  • Original Emirates ID
  • Original passport
  • Original Emirates visa (only for ex-pats)
  • Valid address proof, like a utility bill

Q6. What are the payout options available in term insurance? 

Ans: In the UAE, term insurance policyholders have flexible payout options – lump sum or regular payments.

Q7: How does age affect the premium of existing term life insurance?

Ans: While younger individuals are less prone to health issues, people at older ages are at a higher risk of frequent and severe illnesses. Thus, with older people being at a higher risk of premature death, term life insurance premium increases with an increase in the entry age of the applicant.

Q8: What are the factors that influence the premium of term life insurance?  

Ans: Here are some factors that affect your term insurance premium –

  • Age
  • Occupation
  • Your present health status
  • Smoking habits
  • Family health issue history
  • Benefits of your existing term insurance policy
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