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Human life is full of uncertainties and that is why we should always prepare ourselves beforehand. The best way we can prepare ourselves for these uncertainties is by purchasing a term insurance plan. If you opt for a Union Term Insurance plan, your family will be financially safe and secure in case something happens to you.

Union Insurance Company was established in 1998 and since then, it has provided term insurance plans to the residents of the UAE. It is listed on the Abu Dhabi Securities Exchange’s list and currently, the headquarters of the company is situated in Dubai.

Union Insurance specialises in providing tailor-made insurance policies to its policyholders so that they can enjoy both financial support and mental peace. Furthermore, the overall customer support and competitive insurance premium rates have turned Union Insurance into one of the best and most popular insurance providers in the UAE.

List of Union Term Insurance plans available

Name of the insurance plan

Key features

Sure term

  • Death coverage
  • Functions as both primary and secondary life insurance plans
  • Flexible tenure period starting from 1 year to 10 years
  • Immediate life insurance coverage
  • Worldwide and portable coverage
  • Payment method: simple and convenient

Group Life Insurance

  • Disability coverage
  • Illness coverage
  • Accidental medical expense
  • Repartition expense
  • Hospital cash benefit
  • Accidental death benefit

Flexi Life

  • Hospital cash benefit
  • Worldwide coverage
  • Involuntary loss of employment

Key features of Union Term Insurance plans

Some of the key features of Union Term Insurance UAE are discussed below:

Reasonable premium rates

If we are to compare with other term insurance providers in UAE then Union Term Insurance UAE has some of the best and most affordable plans with premium rates in the market. As a customer, you will receive the best term insurance coverage at a bargain price.

Global coverage

With Union Term Insurance, you will have 24 hours coverage all over the world. To put it in simpler terms, no matter where you are, you will be covered under the Union Term Insurance plan.

Totally portable

Union Term Insurance plans are completely transferrable. Suppose you have shifted or migrated to your home country from UAE, even then you can continue to pay your premiums and your insurance plan will still be applicable.

Money transfer to the nominee

Through Union Term Insurance UAE, the nominee of the policyholder will receive a fixed lump sum amount in case the policyholder dies because of any accident, illness or any other reasons.

Benefits of buying Union Term Insurance plan

Let us have a look at the various benefits of the Union Term Insurance plan:

  • Financial protection for the nominee and family members: The Union Term Insurance UAE offers an appropriate term insurance plan with which the nominee and family members of the policyholder will receive financial protection, in case of their untimely demise.  
  • Simple and convenient payment method: Another intriguing benefit of having a Union Term Insurance Plan is that you can conveniently pay your insurance premiums. You can use debit cards, bank transfers, credit cards, post-dated cheques, etc. to complete the payment.
  • Policyholders can remain assured: The Union Term Insurance Policyholder will remain assured knowing their family will not financially struggle in their absence.
  • Total coverage: The comprehensive coverage offered by Union Term Insurance can meet all the necessary requirements of a policyholder and their family.
  • Health expense coverage: Union Term Insurance also includes critical illness benefits, accidental medical coverage and hospital cash benefits.
  • Range of Coverage: Union Insurance company provides worldwide coverage for their policyholders.

What are the eligibility criteria for the Union Term Insurance plan?

Any individual aged between 18 to 60 years is eligible for the Union Term Insurance plan. If you are an ex-pat then you will require a valid United Arab Emirates residence visa to apply for the Union Term Insurance plan.

Union Term Insurance plan inclusions

The key inclusions in Union Term Life Insurance UAE are:

  • Nominees and family members will receive a lump sum payout.
  • Union Term Insurance offers long-term coverage (up to 35 years).
  • Policyholders will receive worldwide comprehensive protection.
  • Death because of a pre-existing illness is covered.
  • As a policyholder you can insure a huge sum (up to AED 5,000,000) for your family.

How to file a claim for a Union Term Insurance plan?

The claim settlement process of Union Insurance Company is extremely straightforward and user-friendly, therefore the policyholders and their nominees will be easily able to file for a claim. You can follow the process mentioned below to file a claim:

Get in touch with customer service

In order to file a claim with Union Insurance Company, you need to connect with the customer service of Union Insurance. They will also help you in the claiming process.

Submit the necessary documents

In the next step, you will have to submit all the valid and necessary documents required in the claim process. Medical records, official reports, copies of the policy, claim forms, the beneficiary's address and identification verification, among other things, are some of the documents that will be required.

Processing and reviewing the claim

This is the final step, where the Union Insurance Company will go through your claim application process and review the documents you have submitted. After verifying the documents and your claim, the company will initiate the claim settlement process.

You can contact the Union Insurance Company in multiple ways.

  • Toll-free Number: 800 UIC4U (84248)
  • Email:  info[@]unioninsurance[.]ae
  • Telephone: +971 (04) 3787 777 (764)

You can also visit the head office of Union Insurance Company in Dubai. Address of the head office: Single Business Tower, Sheikh Zayed Road P.O Box 119227 Dubai, United Arab Emirates

FAQs

Q1. What payment methods can I use to pay for the Union Term Insurance plan?

Ans: You can use the following payment methods to pay for your insurance premiums:

  • Bank transfer
  • Debit card
  • Post-dated cheques
  • Credit card

Q2. What should I do if I lose my Union Insurance policy documents?

Ans: If you have lost your Union Insurance policy documents then you can contact customer care of the Union Insurance Company or you can also email them at info@unioninsurance.ae.

Q3. How to update my contact details for the Union Insurance policy?

Ans: You can update your contact information by contacting the Union Insurance Company through their email or phone number.

Q4. How to check my claim status?

Ans: You can check your claim status online by visiting the official website of Union Insurance Company.

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