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Various Life Insurance Plans In Dubai

All life insurance policies offered in Dubai consists of benefits derived from one of the 6 basic plans namely: Term Life Insurance, Whole Life Insurance, Endowment Life Insurance, Variable Life Insurance, Variable Universal Life Insurance, and Universal Life Insurance. Some firms also offer Life Insurance Plans in Dubai after combining the benefits of more than one plan to lure the customers.

Term Life Insurance:

Term Life Insurance Plan in Dubai provides the bearer with death protection of one or several years. Some Dubai firms even offer policies that have terms of up to 30 years. This type of life insurance plan offered in Dubai contains constant premium amount throughout the policy period and doesnt have any cash value account associated with it. The dependents are liable for the benefits only in the event of the policy holders death.

Whole Life Insurance:

The Whole Life Insurance plans in Dubai offers death protection to the bearer throughout his life. Depending on the term period of the insurance, several types of whole life insurance plans in Dubai are offered. It may include or higher premiums paid for some fixed period such as 20 years or constant premium paid throughout the life.

Endowment Life Insurance:

The endowment policy permits the policy holder to certain payment or benefits only if he lives for a certain age. The dependants or beneficiaries are given the benefits only if the policy holder dies before the required period. Whole life insurance plans in Dubai involves higher premiums.

Variable Life Insurance:

Variable life insurance consists of fluctuating benefits offered to the policy holder and the beneficiaries. The benefits depend on the performance of the investment portion of the policy.

Variable-Universal Life:

The Variable-Universal life insurance policy pays a death benefit to the beneficiary with the amount being dependent on the success of the investment. A minimum sum is guaranteed in the event of complete failure of the investment.

Universal Life Insurance:

The Universal life insurance is a variation of the Whole life insurance type whereby the cash value of the policy grows at a variable rate.

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