Life Insurance, Critical Illness Insurance
4 reasons, Why you need Critical Illness Insurance in UAE?
Critical Illness Insurance is a living benefit that helps you protect against loss of income on the...
Life Insurance, Critical Illness Insurance, Critical Illness insurance in Dubai
A major critical illness like Cancer, Heart attack, or Stroke can take a long time for recovery, mostly leading to prolonged loss of income.
During this period of diagnosis and recovery, usual living expenses continue, while additional medical expenses pile up.
Loss of income in this scenario can be devastating and can cause a lot of trauma for you and your family.
Alarming Critical Illness Statistics
- UAE patients ‘as young as 28’ having heart attacks - The National - April 12, 2017
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30,000 people a year to get lung cancer in the Middle East by 2020 - The National - March 6, 2017
- The average age of an incidence of stroke is 45 in UAE, about 20 years earlier than the worldwide average of 65 - Gulf News - May 1, 2016
- In the UAE, 18 to 20 percent of the population is obese, and 20 percent of the population are diabetic - Gulfnews-August 11, 2016
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2011 UAE health statistics show that 38 % of the deaths in UAE are caused by Cardiovascular diseases. Followed by External causes like accidents, suicide, and injury at 17% and Cancer-related Deaths at 16 %.
While these statistics are alarming, they fail to indicate the fate of the survivors of these dreadful diseases.
They also fail to highlight the financial struggle endured by the survivors.
Most of us fail to consider the financial implications of surviving a major illness like a Heart attack or Cancer…
Advancements in the medical profession have resulted in vast improvements in survival rates following critical illnesses.
While this progress is much appreciated, it has resulted in millions of previously self-sufficient individuals struggling to meet their financial commitments, denting their confidence, and crashing their dreams.
Is there a solution to this? yes, there is!
Critical Illness Insurance
Critical Illness Insurance provides the much-required financial support by providing a Cash Lump sum if you are diagnosed with one of the illnesses defined in the policy conditions.
The following video was on Youtube and it clearly explains the importance of critical illness insurance;
Leading insurance providers like Zurich, Friends Provident, Salama, & MetLife offer plans that cover as many as 36 critical illnesses.
These are international plans, so you don’t have to worry, whether you would be covered when you return to your home country.
Click Here to know more about Friends Provident International’s Term Insurance with Critical Illness Benefits
Click here to know more about the claim statistics of Zurich International Life on Life and Critical Illness Insurance
Claims Procedure
The claim submission procedure
As these are international plans, you can continue to be covered even after moving out of UAE and can submit a claim in UAE, without having to visit UAE.
If an approved Medical Practitioner certifies along with relevant medical reports the diagnosis of a critical illness, the claim is paid by the insurance companies.
Any resident of UAE can avail a life or earlier Critical Illness plan, for as low as 100 Dirhams a month, and protect themselves from a financial disaster due to a serious illness.
Some of the ailments covered by Critical Illness Plans in UAE are;
While Critical Illness Insurance can’t stop death or serious illness; it can help in dealing with the consequences a lot easier.
Many of us already insure our homes, our pets, even our fridges, freezers, and mobile phones!
So why not insure ourselves?
Call now on +97150-2285405, to understand how much critical illness cover you require to protect yourself and your family.
You can also arrange a Free Initial meeting to have a detailed discussion about your protection needs.
