Life insurance companies UAE wide have different terms and conditions that apply to individual policies. One thing you always need to be aware of is the exclusions that are applicable to your life insurance Dubai based cover. Below, we look at some of the potential exclusions that you may be subject to.
As you know, life insurance policies are only designed to cover death. If you are no longer able to provide for your family because of a disability or illness, you will not be covered. The type of insurance that covers this is known as critical illness insurance. There are a lot of insurance companies that offer critical illness cover as an add-on to your life insurance policy, but, of course, you need to pay more for this addition to your plan. There are several scenarios where you will not be covered by your life insurance plan. For example, the vast majority of insurance firms will not pay out if you die as a consequence of alcohol or drug abuse. If you enjoy any risky sports, you typically pay a higher premium to be covered for death related to these activities. If you have any serious health problems, the insurance firm may agree to still provide cover for you. However, they may state that they will not pay out if your death is a consequence of any health problems you were experiencing when you took out the plan.
We gather all of the best life insurance companies UAE wide in one place at Insure4me, making it easy for you to find the best policy for your requirements. We have connections with all of these insurers, which is why we are able to offer you the best deals on any type of insurance policy. To find out more, head to our website: https://www.insure4me.ae/.