According to Neeraj Gupta, CEO Policybazaar UAE: There’s no denying the fact that an individual works really hard and does everything possible to protect his/her loved ones. But have you ever thought about how your loved ones would be able to maintain their cost and quality of living if you aren’t around to support them anymore? Especially after the outbreak of COVID 19 there’s a sense of unusual fear and uncertainty. In case anything unfortunate were to happen to you, a term insurance policy would ensure complete financial support for your dependents, so they can live worry-free. Term insurance covers you for a specific term or number of years and pays out the sum assured on death of the policyholder during the policy term. It is also one of the most affordable forms of life and critical illness/disability insurance available in the UAE. A must have for individuals, especially given the current situation.
For example, AXA Life Protect, offered by AXA Green Crescent Insurance Company, is a comprehensive term insurance plan that provides coverage against the following events:
- Loss of life due to accident or sickness
- Terminal illness
- Critical illness
In the unfortunate event of your death or disability, AXA’s Life Protect plan provides the necessary financial support directly to you or your designated beneficiaries, depending on the scenario, so that you and your loved ones can make up for the lost income. Secondly, this plan ensures that spouse, children and ageing parents are well taken care off in your absence. Be it household expenses, servicing personal and credit card loans, school and college fees, etc. AXA Life Protect has you covered.
A term insurance plan is a vital product for all family breadwinners with dependents. Life Protect by AXA, can be bought by customers aged between 18 and 79 years having a valid Emirates ID. It is one of the easiest and most cost-effective ways to ensure complete financial protection.
The policy offers you the flexibility to select a policy term ranging from 1 to 30 years and the policy currency can be in either AED or USD. The best part about this policy is that the premium cost does not change for the entire term of the policy. So, your rate is guaranteed for the entire policy duration.
While we love our families unconditionally and spend most of our lives trying to comfort them, it is also important that we prepare ourselves for whatever uncertainty life may hurl at us. If you are planning to buy the AXA Life Protect term insurance plan, then we recommend that you use Policybazaar.ae as they are currently running a 35% discount on the plan.
© Press Release 2021