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Zurich Term Insurance

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AED 1 million life cover starting @50/month
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About Zurich Term Insurance plan

A term insurance policy can benefit an individual in a lot of ways. For example, term insurance can help in paying off an individual’s debts, securing a home for their family members, ensuring a steady income source for their family, funding education for policyholder’s dependent children, etc. To be more specific, good life insurance can help out any individual in every way possible. All the elements of a good life insurance plan are available in the Zurich Term Insurance plan.

Zurich is an international insurance company that has been offering its services in the UAE for more than 30 years. The life insurance of Zurich has been subscribed by numerous policyholders in more than 215 countries and territories. The Zurich Term Life Insurance offers financial help to the beneficiary of the policyholder in case the person dies while the policy term is still active.

List of plans available in Zurich Term Insurance

Name of the plan

Key features of the plan

International Term Insurance

  • Can be availed jointly or individually
  • Age criteria -  18 to 74 years
  • Premium payment - monthly or yearly
  • Covers: Critical illness, premium waiver and total and permanent disability

Zurich Futura

  • Flexibility while choosing term plan duration
  • Covers: Critical illness, life cover, cancer cover, hospitalization, accidental death, etc.

International Decreasing Term Insurance

  • Term plan duration: 35 years
  • Can be availed jointly or individually
  • Age criteria -  18 to 74 years
  • Covers: Critical illness, premium waiver and total and permanent disability

YourLife

  • Three separate coverage options available
  • Term plan duration: 5, 10 and 15 years
  • Covers: Accidental death, airplane cover

Key Features of Zurich Term Insurance Plan

Some of the key features of the Zurich Term Life Insurance plan include:

Paying off existing loans and debts

If an individual has a home loan, education loan, car loan, etc. then it can be too much of a burden for them or their loved one (after their demise). Zurich Term Life Insurance UAE can protect their loved ones and family members from these overburdening bills while the family members are struggling to cope with the loss.

Recover lost income

If two employed partners are Zurich Term Life Insurance UAE policyholders and one of them passes away, then the lost income can be recovered through Zurich Term Life Insurance and the family member will be able to sustain and live their normal life.

Funding child education

Every child should have an equal opportunity to receive a quality education. If a Zurich Insurance Term Plan policyholder dies unexpectedly then their family will receive a payout with which they will be able to fund their child’s education and help them build a successful future for themselves.

Protect your home using the mortgage cover

Zurich Insurance Term Plan can also help you protect your home. If a policyholder dies unexpectedly then their family member will be able to pay off their existing mortgage and stay in their home safely.

Throw away your financial stress

For everyone who has a family, it is extremely important for them to understand if their family will be financially well off in case something happens to them. With the help of a Zurich Term Insurance policy, their family will be able to take care of their daily expenses, pay their rent, education fees, etc. even after the policyholder’s demise.

Benefits of purchasing Zurich Term Insurance plan

Critical illness coverage

If the policyholder has been diagnosed with any of the 34 critical illnesses mentioned in the term insurance plan, then Zurich Term Insurance will provide the policyholder with a lump sum that can be used for their treatment.

Low premiums

There are multiple factors included in individual insurance policies whereas Zurich Term Insurance is cost-effective and you can receive the benefits of multiple covers at the same time.

Life coverage

In case of any accident or unfortunate events, Zurich Term Insurance will offer financial stability to the policyholder’s family. During the time of emotional loss, the family of the policyholder will be able to have the necessary financial security.

Policy tenure

Zurich Term Insurance offers their customers the flexibility to choose the duration of their term insurance depending on their requirements and budget. The total tenure of the Zurich Term Insurance varies from age 5 to age 80.

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

Anyone between 16 years to 65 years can apply for  Zurich Term Life Insurance UAE and set their term duration according to their needs.

Zurich Term Insurance plan inclusions

The key inclusions in Zurich Term Life Insurance UAE include:

  • Accidental deaths
  • Complete disability during the insurance tenure
  • Diagnosis of a terminal illness and the survival period being less than 12 months
  • Death because of medical conditions or natural causes
  • Premium waiver: In case of total disability because of accident or sickness

How to file a claim for Zurich Term Insurance plan?

An insurance policyholder of Zurich Insurance Term Plan needs to follow a simple and straightforward procedure to file a claim. Follow the three simple steps mentioned below:

1. Inform the insurance provider

In order to file for your claim, first you will be required to inform the insurance provider about the events that have occurred regarding the policyholder. The beneficiary or the nominee of the policyholder can complete the same by visiting the insurer's official website.

2. Documentation

After you have completed the first step, you will be required to submit all the required documents for processing the claim. Some of these documents can include medical reports, official reports, copies of the policy, claim forms, address and proof identity of the beneficiary, etc.

3. Disbursement after review

This is the final step where your claim will be reviewed and disbursement will be processed after the completion of the review process. When the beneficiary of the policyholder submits the documents, an investigation is conducted to verify the validity of the claim. After the verification has been completed the nominee will be able to receive the assured sum.

If you are a Zurich Term Life Insurance UAE policyholder then you will be able to contact Zurich Insurance using both their phone number and email address easily.

  • Contact number- +971 4 363 4567 or 800
  • Email Address- helppoint.uae@zurich.com

FAQs

Q.1 Can I receive coverage for terminal illness free of cost along with the basic Zurich term assurance plan?

Yes, the basic Zurich term assurance plan also includes coverage for terminal illness.

Q.2 Is Zurich policy’s ownership transferable?

Yes, you can transfer the ownership of your Zurich Term Insurance Plan to another individual with the help of an original Deed of assignment form. The new policyholder will also require identity proof for verification purposes.

Q.3 In the case of critical illness coverage, what is the minimum waiting period in Zurich life insurance policy?

The minimum waiting period for critical illness coverage in Zurich Term Life Insurance UAE is 90 days.

Q.4 Is the policyholder allowed to change their Zurich Term Life Insurance policy after it has been initiated?

As a policyholder, you can increase the coverage of your term insurance policy while the sum assured cannot be decreased if the policy has been initiated.

Q.5 What should I do if I have accidentally misplaced my Zurich Term Life Insurance documents?

First, you will have to submit a form regarding the lost policy declaration after which you can certainly apply for the new policy documents through email.

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