Sukoon Term Insurance

Established in 1975 in Dubai, Oman Insurance is known for offering a wide range of insurance products such as general insurance, life insurance, health insurance, and motor insurance. It is one of the most trusted and well reputed insurance companies in the insurance industry in the UAE. This type of plan protects your family from sudden financial hardships.

Therefore, it becomes important to buy a term insurance plan that meets your requirements. Moreover, the company is financially strong as they have a paid-up capital of AED 3.2 billion. Let's learn more about Oman insurance term plans.

List of Oman insurance term plans

Term insurance plans offered by Oman insurance give you high coverage with economical premium rates. The list of term insurance plans along with their key features is given below in the table.

Key features of Oman Term Insurance Plan

Understanding key features of Oman Insurance term plan will help you to make informed decisions. The amazing key features of the plan are given below:

• High insurance coverage: The Oman insurance term UAE secures your family's monetary needs in case of the death of the policyholder and provides adequate insurance coverage. However, you have the option to go for higher insurance coverage based on your needs. According to financial experts, the term insurance should provide insurance coverage of 10 to 12 times your yearly income.
• Rider benefits: Term insurance plans offer rider benefits that are optional. Accidental death benefit rider, critical illness rider, term rider, accidental death, and disablement benefit rider are some of the most preferable rider benefits that can be added to your term plan.
• Affordable premium: The term insurance plan offered by Oman term insurance has a low premium.
• Flexible premium payment:They provide flexible premium payment options.
• Comprehensive cover:The term insurance plan provides you with comprehensive cover benefits.
• Joint coverage:The term insurance plan by Oman insurance company provides coverage to two lives under one policy.

Benefits of buying term insurance from Oman Term Insurance

• Flexible tenure: You can choose the period of the policy and the coverage amount based on your choice and your requirements.
• Easy to buy:You can buy their term insurance plan by visiting their website. Always opt for a plan that suits your financial needs.
• Hassle free documentation process: The documentation and application process of the Oman term insurance plan is simple.

Eligibility for buying Oman Term Insurance plans

• Life guard plan: The minimum entry age is 1 and the maximum age limit is 80.
• Term protect plan:The minimum age is 18 years and the maximum age limit is 80 years.

You need to keep in mind that the eligibility criteria differs from plan to plan. So, choose your plan carefully.

Oman term insurance plan inclusions

• Death benefit: The insurance company will pay the insured amount to the nominee if the policyholder dies.
• Accidental death benefit:The policyholder can pay an extra amount to avail the benefits of accidental death.
• Hospital indemnity rider: The policyholder has to pay an extra amount to avail of hospital indemnity rider benefits. It will cover the hospital stay if the policyholder stays for more than 3 days.

How to file a claim for an Oman Term Insurance plan?

Before choosing any insurance plan, it is important to understand the claim process of the insurance company. The claim settlement of the Oman term insurance plan is really quick.  

• In case of the demise of the policyholder, the first thing the nominee needs to do is to inform the insurance company about the death.
• Secondly, the nominee has to submit all the needed documents to smooth out the claim process. If the nominee has any query regarding the claim, he/she can write an email or call on the free number of the insurance company.
• After the submission of documents, the nominee needs to fill out the claim form provided by the insurance company.
• Submit the claim form along with the required documents to the insurance company.
• Once the company reviews and verifies the documents, it will process the claim amount.

Contact details for queries related to Oman Term Insurance plans

If you are planning to buy Oman term insurance, you can contact their customer care to help you choose the best Oman insurance term plan. You can contact 042337777 or on their toll-free number 8004745.

You can also clear your queries and doubts at service@omaninsurance.ae and complaints@omaninsurance.ae.

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