LIFE INSURANCE
 WITH ALFRED

Plan Wisely and Live Happily

  • Best possible value for your money
  • Only the most reliable insurance companies
  • Dedication to claims service
  • Your own personal advisor to help you choose
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OUR LIFE INSURANCE PARTNERS

One size does not fit all. We work with the Leading Life Insurance companies in the UAE to tailor the right policy for you.

OUR LIFE INSURANCE PARTNERS

One size does not fit all. We work with the Leading Life Insurance companies in the UAE to tailor the right policy for you.

InsuranceMarket.ae offers a composite suite of insurance and savings products to both corporate and individual clients from a various international and domestic product providers.

As a ‘One Stop Shop’ for you, InsuranceMarket.ae deals with top notch and the most reputed World Class Insurance companies like Zurich International, Friends Provident International, Metlife, Salama and many others, whose financial ratings are robust and top rated by Forbes, Standards and Poor’s, Fitch & Moody’s.

We strive to deliver bespoke insurance solutions to meet various needs of our clients, whether as an individual, family, group or a corporate.

BENEFITS OF LIFE INSURANCE

Every individual’s circumstance is different – so are the needs in their life. For some it is important to establish a home, a business, to raise their family with the finest of standards, and to secure themselves and their family against illnesses and death.

Most people are confused by life insurance. Buyers are often mystified by its complexity, structure and pricing. In fact, most people are not comfortable with the entire subject of life insurance, but it is too important to the financial fabric of the family and business to be ignored.

Provide a guaranteed income and financial security for your loved ones

Build up a policy value over time

Leave a legacy
To provide for the illnesses when you need it most
Protect the financial future of your dependents

Pay a debt

Purchase an interest in a business

Buy a piece of property

Life insurance is often the ONLY way the owner of the policy can provide money to meet these needs.

LIFE INSURANCE WITH ALFRED

Life insurance is a process of making advance provision for financial needs that will arise in the future. The objective is to ensure that the right amount of money is available in the right hands at the right point in the future to achieve an individual’s financial objectives.

For example, it may be necessary to save for many years to create an adequate income in retirement. Parents may feel the need to make financial provision for their family if either dies young. Equally, people who are already wealthy may need to take financial planning steps now to ensure that their assets, including family businesses, pass without difficulty or additional charges from taxation to their, chosen heirs.

Life insurance is protection against financial loss that would result from the premature death of an insured person. The beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The death benefit is paid by a life insurer in consideration for premium payments made by the insured.

Provision of family income in the event of the income provider’s illness or death
Accumulation, preservation and investment of wealth
Survival of businesses from one generation to another

There are two types of covers - Term Assurance and Whole of Life Insurance

Term Assurance

Some life assurance policies are designed to meet temporary / short term life cover needs. A term assurance policy provides protection during the fixed policy term ranging from a minimum of 5 years to a maximum of 35 years. There is no investment or saving element as the core purpose would be for pure protection. Such policies usually come with monthly or yearly premium payment options and premiums are paid throughout the term of the policy.

Whole of Life plan

The plan term is open ended, hence continues throughout the lifetime of the life assured. The sum assured is payable on the life assured’s death. Here the premiums could be paid monthly, quarterly, half yearly or yearly for as little as 7 years and as long as whole of life. These plans usually contain an investment element, and will provide increased cash value alongside funding for the cost of future benefits throughout the life of the insured. Protection benefits would be the prominent benefit under this plan.

Your life insurance premium

DEPENDS ON YOUR PROFILE, ADDITIONAL BENEFITS AND LENGTH OF LIFE COVER
Our Qualified Life Insurance Advisors will provide appropriate and affordable solutions to suit your needs from leading insurance providers
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OPTIONAL BENEFITS OF LIFE INSURANCE WITH ALFRED

Funeral coverage

Pays an advance of USD 7,500 in order to cover funeral expenses as a result of a death claim

Hospitalisation

An additional payable benefit in the event of hospitalization for more than 4 or more consecutive days

Dismemberment

A lump sum payment in the event of loss of slight or limp by accident

Accidental death

An additional payment, on top of the sum insured, in case of death by accident

Family income

A stream of payments paid for a selected time in the event of the death of the relevant life insured.

Waiver of premium benefit

An option to waive premiums in case of total incapacitation by an illness or accident.

Permanent and total disability benefit

A lump sum paid to you if you are unable to work due to total disablement

Critical illness benefit

A lump sum paid to you in the event you become diagnosed with one of the specified illnesses on your policy

WHEN TO START PLANNING?

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

SINGLE

MARRIED

MARRIED WITH CHILDREN

APPROACHING RETIREMENT

POST RETIREMENT

  • Pay education loans
  • Premiums gets expensive with age and responsibilities
  • Protection for your dependents
  • House Planning
  • Children Education
  • Children Marriage
  • Secure your family’s future
  • Boost your retirement savings
  • Plan a long-term care
  • Enjoy every moment of your hard earned financial freedom

WHEN TO START PLANNING?

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

SINGLE

  • Pay education loans
  • Premiums gets expensive with age and responsibilities

MARRIED

  • Protection for your dependents
  • House Planning

MARRIED WITH CHILDREN

  • Children Education
  • Children Marriage
  • Secure your family’s future

APPROACHING RETIREMENT

  • Boost your retirement savings
  • Plan a long-term care

POST RETIREMENT

  • Enjoy every moment of your hard earned financial freedom

SOME FREQUENTLY ASKED QUESTIONS

Read Alfred’s advice and insight on some asked questions.
How can I plan my finances?
Expats in the UAE will find that there is no pension plan, no government funding for children’s education, no death compensation and no public healthcare…
Read More
What factors do insurers look at to compute my premium?
Life insurance providers will look at many things when underwriting a policy especially for you…
Read More
Alfred's tips on living a healthy life!
People often ask Alfred how he’s kept in such good shape for a man of his age. If we’re only going to live once, we should aim to live as long as we can…
Read More
How does life insurance play an important role across all stages of life?
CHILDHOOD
Childhood is a period of dependency which usually lasts until children finish their full-time education. The child’s financial needs are met by parents or other relatives and, even in societies where children start work at a young age, the child’s income rarely provides financial independence…
Read More
How to budget?
Whenever we spend money, we try to be within our budget. Therefore, budgeting of our monthly earnings is very important in our lives whether we are an employee or an employer…
Read More

PAYMENT OPTIONS OF LIFE INSURANCE

Credit Card

Bank Transfer

Cheque

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Life insurance is expensive in UAE and if you don’t have the right Life Insurance for yourself, get it now with Alfred

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