Life Insurance in the UAE
Life insurance provides an agreed financial benefit when an insured event
occurs during the policy period. Depending on the policy, the benefit may
support an employee’s beneficiaries or help settle an eligible outstanding
financial obligation.
Al Buhaira Insurance provides Group Life Insurance and Credit Life Insurance
solutions for eligible organisations and financial arrangements. Coverage
is subject to eligibility, underwriting, policy limits, terms and exclusions.
Life Insurance Solutions:
Available business insurance solutions may include:
-
Group Life Insurance:
Group life insurance may provide an agreed benefit for eligible employees
or members covered under an organisation’s policy. The available benefits
depend on the coverage selected by the organisation.
-
Credit Life Insurance:
Credit life insurance may help settle or reduce an eligible outstanding
loan balance if a covered event occurs, subject to the policy terms and
the applicable financial arrangement.
What May Life Insurance Cover?
Depending on the selected policy, benefits may include:
-
Death Benefit:
An agreed amount may be payable following the death of an insured member
during the policy period.
-
Accidental Death Benefit:
Additional protection may be available where accidental death coverage
is included in the policy.
-
Permanent Disability Benefit:
A benefit may be payable for an eligible permanent disability when this
coverage is included.
-
Outstanding Loan Protection:
Credit life coverage may help settle an eligible outstanding financial
obligation following a covered event.
Benefits are not automatically included in every policy. The schedule of
benefits should be reviewed to confirm the insured events, limits, conditions
and exclusions.
Who May Need Life Insurance?
Life insurance may be considered by:
-
Employers:
Organisations seeking a life-insurance benefit for eligible employees.
-
Membership Organisations:
Eligible associations or groups arranging coverage for their members.
-
Banks and Financial Institutions:
Institutions seeking credit life protection for eligible lending
arrangements.
-
Borrowers:
Eligible customers whose loan or financing arrangement includes credit
life insurance.
What to Check Before Selecting Coverage:
Review these important policy details:
-
Eligibility:
Confirm which employees, members or borrowers can be included.
-
Sum Insured:
Review how the insured benefit is calculated for each covered member.
-
Covered Events:
Check whether the policy covers death, accidental death, disability or
other specified events.
-
Policy Duration:
Confirm when coverage begins, when it ends and how renewals are handled.
-
Exclusions:
Review the circumstances in which a benefit may not be payable.
-
Claims Requirements:
Understand the notification process and documents required for a claim.
How to Request Life Insurance:
Follow these steps:
-
Submit an Enquiry:
Provide your organisation and contact details through the Al Buhaira
Insurance enquiry channel.
-
Explain the Coverage Requirement:
Specify whether the enquiry concerns group life or credit life insurance.
-
Provide the Required Information:
Submit the employee census, loan portfolio information or other requested
details.
-
Review the Proposal:
Check the premium, insured benefits, eligibility rules, limits and
exclusions.
-
Complete the Application:
Submit the final documents and member information required for policy
issuance.
Information and Documents Required:
The applicant may need to provide:
- Company trade licence and contact details
- Employee or member census
- Age, occupation and salary information, where requested
- Requested benefit or sum-insured structure
- Existing policy and claims information, if applicable
- Loan or financing portfolio details for credit life insurance
- Medical declarations or reports, if required
Why Choose Al Buhaira Insurance?
Eligible organisations can access:
-
Group Life Insurance:
Life-insurance protection may be arranged for eligible employee or
member groups.
-
Credit Life Insurance:
Coverage may be arranged for eligible lending and financing portfolios.
-
Business Insurance Enquiries:
Organisations can submit their requirements through Al Buhaira
Insurance’s enquiry channel.
-
Policy Assistance:
Support is available for quotations, documentation, policy enquiries
and claims requirements.
Frequently Asked Questions:
Ans: Life insurance provides an agreed financial benefit when a covered event occurs during the policy period, subject to the policy terms, limits and exclusions.
Ans: Al Buhaira Insurance lists Group Life Insurance and Credit Life Insurance among its business insurance solutions.
Ans: Group life insurance may cover eligible employees or members under an organisation-sponsored policy and provide an agreed benefit following a covered event.
Ans: Credit life insurance may help settle or reduce an eligible outstanding loan balance if a covered event occurs, subject to the financial arrangement and policy terms.
Ans: Not necessarily. These benefits apply only when included in the selected policy and shown in its schedule of benefits.
Ans: Organisations can submit their group life or credit life requirements through Al Buhaira Insurance’s general enquiry channel.
