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Life Insurance
A covenant between the insurance company and the policyholder that offers financial coverage to the life of the policyholder. It simply means that the insurance company agrees to pay a designated amount to the nominee, in case of an unanticipated death of the primary insured. The insured must pay predefined premiums on a regular basis against the insured sum. Figure out which life insurance is suitable for you with affordable tips. Refer our articles for some interesting details on life insurance.
Consequences of Dropping Life Insurance Policy During Tough Financial Times
Life insurance products help people hedge against the possible uncertainties of the future. It protects the beneficiaries from the financial shock associated with the death of their breadwinner.
⮞ READ MOREAll You Need To Know About Life Insurance If You Are Unemployed?
UAE is one of the largest insurance markets in the middle east. The country is home to many large, medium, and small insurance companies, both homegrown and international. Motor and health insurance are mandatory insurance products bought by UAE residents; this has created a well-matured insurance market in the country.
⮞ READ MOREIs Term Life Insurance A Great Option For You?
The pandemic has been a wake up call for most who have not created a solid plan for their future. Many have started reconsidering investing in insurance products to hedge against the possible uncertainties of the future.
⮞ READ MORENRIs: How to plan for pension in the UAE
When we are young and have other goals, such as caring for our families and developing a future, pension saving in the UAE always takes a back seat.
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