Introduction to Noor Bank Life Insurance in UAE
Established in 2008, Noor Bank provides Life Care which is a Sharia compliant investment linked life insurance plan. The plan provides life cover to protect you from unpredictable future circumstances. Life Care by Noor Bank comes with Takaful cover by using which you can also extend financial protection to your near and dear ones for the whole life. In the event of your death, the sum covered under this plan will be paid to your near ones. Noor Bank was formerly known as Noor Islamic Bank. The bank offers customized and innovative products and services to best suit your personal and business related needs.
Features and Benefits of Noor Bank Life Insurance
The features and benefits of Life Care by Noor Bank include:
- Apart from providing life cover, Life Care also enables you to pay supplementary contribution for your future savings. This additional contribution will be invested in Sharia compliant Takaful fund which will help you to gather some cash value for your forthcoming requirements.
- Pay for a limited period of years and get coverage for the whole life.
- The primary Takaful cover offered by Life Care offers lump sum death benefit to your family on your death caused by any causes. To avail this benefit, you need to pay off all your premiums towards the plan.
- You can choose a fixed age till when you need coverage as per your needs. Else, the plan enables you to enjoy coverage up to the age of 99 years.
Premiums of Noor Bank Life Insurance
You can enjoy flexible premium payment options while purchasing Noor Bank Life Care plan. You can choose to pay for a limited period of years and receive life insurance coverage for the entire life.
Eligibility Criteria for Noor Bank Life Insurance
All individuals can purchase this life insurance plan offered by Noor Bank on fulfilling the eligibility criteria decided by the bank.
Why choose Noor Bank Life Insurance plan?
Noor Bank Life Care plan not only protects you from unforeseen future worries, but it also takes care of your loved ones even in your absence. The plan also enables you to invest in Sharia compliant Takaful fund and provides savings benefits.
Other products offered by Noor Bank in UAE are:
Frequently Asked Questions - FAQs
What is Life Care by Noor Bank?
How long can I get insurance coverage with Noor Bank Life Care?
Does Life Care offer flexible premium payment options?
Does Life Care provide death benefits?
Life Care is a Sharia compliant investment linked plan offered by Noor Bank.
You can get insurance coverage until you reach the age of 99 years.
Yes, you can opt for paying premiums for a limited period of years and enjoy lifetime coverage.
Yes, it provides lump sum death benefits to your family on your death.