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LIFE INSURANCE

Life Insurance is “future proofing” for your family and assures peace of mind!

We can often take things for granted, such as thinking we’ll be around long enough to care for all our family’s needs and secure their future. But life doesn’t always live to our expectations, does it? So why not invest and ensure your family is well provided for in case things took a turn for the worse? Life Insurance can become your greatest investment.

WHY CHOOSE LIFE INSURANCE WITH INSURANCEMARKET.AE

At InsuranceMarket.ae we provide an unmatched customer experience. Here are just 5 reasons why:

15,000 Google reviews and 4.9 rating: customer satisfaction is our number one priority and we’ve got the feedback to prove we deliver!

Dedicated personal shopper to help answer your questions and help you with your purchase.

Responsive, reliable and dedicated claims manager to offer advice, reassurance and assistance when you need it most.

Competitive prices and comprehensive products providing the cover you need at a price you can afford from the insurers you can trust.

Great value-added services such as discount vouchers that are sent with your policy: you just keep on saving with Alfred!

25 Years of UAE insurance experience

Dedicated personal shopper to answer all your questions

Simple and fast claims process

Highest rated insurance provider in the UAE

Insure Now Pay Later

WE WORK WITH THE LEADING LIFE INSURERS IN THE UAE

At InsuranceMarket.ae we’re proud to have enjoyed over 25 years’ experience of helping customers with their insurance needs and over these years have built great partnerships with the leading and most respected life insurers in the Dubai/UAE market: big names such as Zurich, Oman, Orient, MetLife and many more. Our relationships and reputation mean we can secure great deals, discounts and covers that are the best in the market and pass all these benefits on to you!

WHAT DOES LIFE INSURANCE COVER?

Cover will vary according to the policy type but typically life insurance will cover risks such as death and disability. Depending on the additional benefits you choose to include, cover may also be provided for benefits payable in your lifetime (such as critical illness) or include a saving element. The good news is that many life insurance policies are customizable: allowing you to personalize the coverage to meet your individual needs.

WHAT TYPE OF LIFE INSURANCE DO I NEED?

We all have different attitudes when it comes to risks and how much we are willing to pay to protect against them, so we can’t answer this question categorically. However, if we were to consider the main risk, which is death benefit, you have two clear options: term life insurance and whole of life plans. Let’s explore these a little further:

Term Assurance:

With a term assurance policy, you are covered for a period between 5 to 35 years, depending on the tenure you choose. These policies don’t have a saving/investing element and offer monthly or yearly premium payment throughout the term of the policy.

Whole Of Life:

These policies are valid throughout the lifetime of the insured person. Most offer either monthly or annual premium payments, and unlike term assurance policies they often have a saving/investment element.

Both are widely available in the UAE and all leading insurers have reputable, reliable products. At InsuranceMarket.ae we have access to a wide range of policies and can therefore help you make the decision that is right for you.

WHAT IS NOT COVERED UNDER YOUR LIFE INSURANCE?

An insurance policy is designed to cover “relevant risks” and life insurances are no exception. Whilst life insurance policies seek to protect you as much as possible, some scenarios may lead the insurance company to deny paying your claim to the beneficiaries. Typical examples include:

Suicide as the cause of death:

If the cause of your death was proved to be suicide, the insurance company may refuse to pay out the death benefit to your beneficiaries.

Non-disclosure:

If you omitted to tell the insurer an important fact when taking out the insurance, the company may decide to refuse your claim. Examples of this include deliberately withholding information about a pre-existing medical condition, giving the incorrect age or falsifying information about family medical history.

WHAT ADDITIONAL COVER OPTIONS AND UPGRADES ARE AVAILABLE?

Whilst a life insurance policy provides many invaluable benefits as “standard”, it doesn’t cover every eventuality in its core benefits since different people have different needs. That’s why many insurers offer a range of additional covers for customers to choose from. These include benefits such as:

Critical Illness Benefit:

A positive diagnosis for a potentially life-changing or life-threatening condition could severely affect your family. This benefit ensures a lump sum is paid to you upon diagnosis, so you have one less thing to worry about.

Family Income:

Life insurance helps you plan for your family’s future in the event you’re no longer around to help provide and care for them. This benefit allows you to provide a regular series of payments to your family for a specified time.

Hospitalization:

This is an additional payable benefit if you were hospitalized for 4 consecutive days or more.

Funeral Coverage:

This cover allows your family to have the needed financial resources to plan your funeral with an advance of US$ 7,500 to cover funeral expenses.

HOW TO COMPARE LIFE INSURANCE QUOTES?

Let Alfred help you compare life insurance with lightning fast service

Life insurance doesn’t need to be complicated but sticking to one option just isn’t enough, and whilst two can be twice as nice, we believe in the power of three: that’s why we send you at least that many quotes to compare. Once you’ve got your selection, here are our top 3 tips for what to do next.

Check the cover provided under each quote and compare against each other. You can’t judge a square versus a circle so make sure your assessment is a fair one.

If you have purchased life insurance before, check the cover provided against your previous policy. Are you getting like-for-like, less or more? Also consider the “added value” items like optional extras, additional services as standard, discount vouchers etc.

Check the price last so you can see the benefits of the cover rather than being influenced by the premium first. You can then assess the value for money. And don’t forget those “extras” too: you may or may not be able to put a price on them, but they do count!

WHAT DO I NEED TO GET A LIFE INSURANCE QUOTE?

Getting a quote with us is a smooth and simple process. Just provide us with some essential contact details (name, phone number, and email), a few pieces of personal information and let us find the right life insurance policy for you. Typical details required include:

Purpose of the insurance: death benefit, income replacement, saving, etc.

Marital status and number of children/dependents.

Tenure of the insurance: fixed term or whole of life.

Whether or not you’re a smoker.

The level of financial cover you require (sum insured).

WHEN TO START PLANNING?

Whatever stage you are at in your life, there is always a need to protect and save for the future.

SINGLE

20s

Pay education loans

Premiums get expensive with age and responsibilities

MARRIED

30s

Protection for your dependents

House planning

MARRIED WITH CHILDREN

40s

Children education

Children marriage

Secure your family’s futures

APPROACHING RETIREMENT

50s

Boost your retirement savings

Plan long-term care

POST RETIREMENT

60s

Enjoy every moment of your hard earned financial freedom

YOUR LIFE INSURANCE PREMIUM

DEPENDS ON YOUR PROFILE, ADDITIONAL BENEFITS AND LENGTH OF COVER

Our qualified life insurance advisors will provide appropriate and affordable solutions to suit your needs from leading insurance providers

PAYMENT OPTIONS FOR LIFE INSURANCE

Credit Card

Bank Transfer

Cash

HOW CAN I GET CHEAPER LIFE INSURANCE?

There’s no magic formula for getting cheap life insurance but there are some steps you can follow and things you can do to get the best deal for your dirhams! We asked Alfred and here’s what he suggests:

Never buy insurance at the last minute. Give yourself plenty of time to consider the coverage you need against what’s available in the market. If time is running out then the budget can too if you blow it by taking the first deal that’s on offer……even worse, you might just end up paying a lot more money for a whole lot less cover!

Don’t be tempted to “go through it alone” in your search for the best policy at the best price. Let the experts help! At InsuranceMarket.ae our personal shoppers are just waiting to do the hard work for you. It’s a simple but winning formula. No extra cost + no waste of your time = no brainer!

Don’t get too hung up on price alone. Being mindful of money is no bad thing but being bound by a budget can prove “false economy” if you don’t have the correct cover and lose out when it comes to a claim. At InsuranceMarket.ae we search the market and provide you with a minimum of 3 quotes to compare: working with you to find the best cover for your budget.

FIND THE BEST DEALS ON YOUR LIFE INSURANCE WITH ALFRED

Finding the right life insurance policy for you at the right price has never been easier. This is made possible through our friendly, knowledgeable team of advisors who act as personal shoppers: taking you through the covers available and explaining the cost involved, so you can select a policy that both gives you peace of mind and suits your circumstances.

The moment you begin your journey with us you’ll start reaping the benefits. At InsuranceMarket.ae, we have great relationships with all the leading life insurance companies in the UAE and our reputation and experience mean we get great products at great prices. Not only that, our partnerships with a range of fantastic local businesses mean that when you buy your policy with Alfred, you’ll get great money-saving discount vouchers sent to you too. From auto accessories to accident repairs, car valeting to personal grooming and auto-tuning to vocal tuning with music lessons and much more. You’ll enjoy benefits that can’t be bettered!