with a single payment, and to monitor their performance effortlessly.
We all have people we care about, and it’s human nature that we want to protect them even when we’re not around.
The Union Insurance Life Insurance policy is perfectly tailored to support your loved ones to meet their financial commitments, whether they include mortgage repayments, school fees, unpaid debt, or other expenses. Our comprehensive coverage is designed to provide your family with firm support through every contingency.
If you’re ever surprised with a financial windfall, the smartest thing to do is invest it, instead of spending it extravagantly or letting it lie idle. A proper investment will enable you to increase the surplus amount you’ve received, over a period of time. The Single Premium Plan is a hassle-free unit-linked plan designed to help you make that investment, and reap the benefits throughout the policy term. It is a one-time payment that allows you to sit back, while your money multiplies.
with a single payment, and to monitor their performance effortlessly.
resulting in either regular income or capital growth, whichever suits you best.
to your funds during the policy term for any short-term needs.
including free death benefit and a life insurance benefit.
through the option of changing funds according to your requirements.
the plan without undergoing any medical test whatsoever, subject to terms and conditions.
An experienced operations team to implement processes and programs that ensure helpful solutions, tailored to our clients’ specific needs.
A strong technical and analytical underwriting (UW) team with rich experience in risk assessment and analysis, to help both individuals and employees purchase health insurance products.
A dedicated client services team that fulfills our client-centric approach through its dedication to providing support to clients, incorporating their feedback.
A highly experienced claims team that develops and executes a highly efficient claims process without delay.
The Single Premium Plan is a whole of life assurance policy providing benefits on the death of the relevant life insured. The policy provides for the payment of a death benefit of 101% of the cash value.
Your query or complaint will be acknowledged 48 hours after it is received. The acknowledgment will include the time frame for the resolution of your problem.
Yes. If you find the plan does not suit you, you may request a cancellation through the Free Look Cancellation Form which is provided with your policy. It should be signed by policyholders and received by us within the free-look period, i.e. 30 days from the policy commencement date.
Please send your request directly to the Life Underwriting Team, Union Insurance Company P.S.C, Single Business Tower, Sheikh Zayed Road, Business Bay, Dubai, PO Box 119227, UAE. We will then refund the premium paid. If there is any exchange loss on converting to the base currency, that loss/gain will be at your expense.
You are eligible to invest in this plan if you are a UAE resident or a non-resident. This plan is not offered to US nationals. However, do check with us for information on eligibility as it is updated often.
The Single Premium Plan is available for both single and joint life policies on a first death basis. For joint life policies, the life assured should be a policy owner, while the other life assured should be an immediate family member of the other policy owner (i.e. mother, father, son, daughter, or spouse).
The underwriting turnaround time is 4 working days from the date of receipt of the application and all documents. Once the premium amount has been received, the e-policy shall be issued within 2 working days.
All you need to do is send us an email at info@unioninsurance.ae, with your policy number in the subject line, to receive your fund valuation.
US dollars only. If we have to convert the premium to another currency to purchase units, a currency conversion will be required which could expose you to exchange rate fluctuations.
No, there is no top-up option for this plan.
If you are a resident of UAE, you can make premium payments through bank transfers or local AED cheques. If you are not a resident, payment is only accepted through bank transfers in USD. Union Insurance reserves the right to change the rate of exchange.
We offer a variety of investment options
Detailed fact sheets of these funds are available separately. Before selecting the funds or other investments, we recommend that you read the fund information carefully and understand the nature of underlying investments and risks associated with such investments. You may also seek independent financial, tax, and other related advice, before making a decision.
You can make a part surrender withdrawal without fully surrendering the plan. The plan allows for a withdrawal of up to 80% of the asset fund value without any surrender charges, subject to terms and conditions.
A benefit equivalent to 101% of the plan’s cash value shall be paid out, and the policy will be terminated. If you have chosen the additional life insurance benefit, the plan will pay the amount, subject to the claim filed by beneficiaries or joint policy owners.
UIC's private health insurance offers you both choice and flexibility to help you find a healthcare plan that suits your requirements perfectly, as well as those of your family. From diagnosis to medical treatment, our coverage is carefully designed to secure your health and with it, your peace of mind.
Nothing is more important than being able to provide for your loved ones despite any eventuality. Regardless of your situation in life, you're guaranteed to find a life insurance plan that is perfectly tailored to your needs among the extensive range on offer below.
Whether it's the theft of your personal belongings or structural damage caused by a natural disaster, our comprehensive coverage addresses every single contingency that poses a potential threat to your home, and takes steps to protect you from it.
UIC's group health insurance plans are designed for companies of all sizes, providing employers with straightforward solutions that are guaranteed to protect the interests of their employees as well as their organisation.
UIC's property insurance addresses a wide range of risks, ranging from accidental mishaps to natural calamities. Regardless of the size of your business, we have addressed every measure you need to consider to protect it, as you can see from the array of plans available below.
Whether you want to secure your vessel from external risks or protect the valuable cargo on board, UIC's marine insurance plans offer coverage for every risk you've thought of - as well as some you haven't - to ensure your security at sea.
UIC's fully tailored engineering insurance plans are designed to meet specific risks faced by the engineering industry. We offer security to you and your employees by addressing the particular requirements of your company and protecting you from legal costs, compensation, and expenses.
UIC offers an extensive range of plans to secure yourself, as well as your business, from any sort of liability that may arise suddenly and unexpectedly. This is supplemented by round the clock customer care that will provide you with immediate assistance and make your journey with us as smooth as possible.