Introduction to CBI Life Insurance in UAE
CBI (Commercial International Bank) offers retail and corporate banking solutions. CBI offers two kinds of life insurance to cater to different financial and protection needs of the customers. It also offers additional benefits that ensures higher protection at affordable costs. The insurance plans are offered by Zurich International Life.
Types of CBI Life Insurance
CBI offers two types of life insurance policies tailor made to suit the different financial needs of the customers.
International Term Assurance-
‘Futura’ is a flexible lifetime insurance plan by Zurich International Life Limited. It ensures that you and your family stay protected financially during tough times. It offers the flexibility to make changes to the plan as your circumstances change in life. It offers financial protection against severe illness, accident and loss of life. It not only protects your family but also protects your business. The unique feature of the plan allows the insured to build in an indexation which helps balance the effects of inflation. It is a unit-linked protection policy. One can also add additional riders in the policy such as waiver of premium benefit, accidental death benefit, and critical illness benefit.
‘International Term Assurance’ is another life insurance policy by Zurich International Life Limited provided by CBI. It offers a simple yet cost effective way to provide financial security to the family/business of the insured in the form of a pre-determined cash sum. It is the most economical way of providing financial protection to your loved ones if you happen to suffer from severe critical illness, accident or loss of life.
Why choose CBI Life Insurance?
The life insurance policies offered by CBI are by Zurich International Life Limited which is a giant life insurance provider. The two policies are economical and in addition to offering protection, it also offers many other additional benefits. With the CBI Life Insurance policy, the customer can avail high protection at an affordable cost.
Other products offered by Commercial Bank International in UAE are:
Frequently Asked Questions - FAQs
What are the life insurance policies offered by CBI?
Who provides these policies?
What is the premium payment option in Futura?
What is the minimum and maximum term for International Term Assurance policy?
What are the additional riders that one can add to the Futura policy?
The two life insurance policies provided by CBI are Futura plan and International term assurance.
The policies are provided by Zurich International Life Limited and distributed by CBI
One can pay regular premiums for life or they can pay for a defined payment term in the Futura policy.
The minimum and maximum term for International Term Assurance policy is 5 and 35 years respectively.
Waiver of premium benefit, critical illness benefit, permanent total disability benefit, family income benefit, accidental death benefit, hospitalisation cover, and dismemberment cover are the additional riders that can be added to the Futura policy.