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Oman Insurance Company Life Insurance In UAE
6 Life Insurance Provided By Oman Insurance Company Bank
Oman Insurance Company Life Insurance
Policy Name: Term Insurance- OIC Protect
- Plan that offers a high cover at low premiums.
- Different premium payment options available.
- Covers the risk of death due to any cause.
- Provides round the clock protection worldwide.
- Plan that offers a high cover at low premiums.
- Different premium payment options available.
- Covers the risk of death due to any cause.
- Provides round the clock protection worldwide.
- In case of death during the policy term, the full sum insured is paid.
- Passive war risk is excluded.
- Suicide during first 2 years is excluded.
18 years
65 years
75 years
AED 37000
AED 850
Yes
Term Insurance- OIC Protect
- Plan that offers a high cover at low premiums.
- Different premium payment options available.
- Covers the risk of death due to any cause.
- Provides round the clock protection worldwide.
- Plan that offers a high cover at low premiums.
- Different premium payment options available.
- Covers the risk of death due to any cause.
- Provides round the clock protection worldwide.
- In case of death during the policy term, the full sum insured is paid.
- Passive war risk is excluded.
- Suicide during first 2 years is excluded.
18 years
65 years
75 years
AED 37000
AED 850
Yes
Policy Name: OIC Mortpro
- An insurance plan that offers a high cover at low premiums.
- Different premium payment options available.
- Covers the risk of death due to any cause.
- Ensures that your loved ones are protected financially.
- An insurance plan that offers a high cover at low premiums.
- Different premium payment options available.
- Covers the risk of death due to any cause.
- Ensures that your loved ones are protected financially.
- Assign policy to bank to take care of any outstanding loan repayment in case of unforeseen event.
- Passive war risk is excluded.
- Suicide during first two years is excluded.
18 years
65 years
75 years
AED 37000
AED 850
Yes
OIC Mortpro
- An insurance plan that offers a high cover at low premiums.
- Different premium payment options available.
- Covers the risk of death due to any cause.
- Ensures that your loved ones are protected financially.
- An insurance plan that offers a high cover at low premiums.
- Different premium payment options available.
- Covers the risk of death due to any cause.
- Ensures that your loved ones are protected financially.
- Assign policy to bank to take care of any outstanding loan repayment in case of unforeseen event.
- Passive war risk is excluded.
- Suicide during first two years is excluded.
18 years
65 years
75 years
AED 37000
AED 850
Yes
Policy Name: Life plus
- Single Payment Plan: Coverage for 5 years
- Regular Payment Plan: Coverage up to age 65
- There is a waiting period of 90 days
- Survival Period: Disease Specific
- Single Payment Plan: Coverage for 5 years
- Regular Payment Plan: Coverage up to age 65
- There is a waiting period of 90 days
- Survival Period: Disease Specific
- Premium rates are age banded and guaranteed for 5 years only.
5 years
65 years
AED 91875
AED 918750
Yes
Life plus
- Single Payment Plan: Coverage for 5 years
- Regular Payment Plan: Coverage up to age 65
- There is a waiting period of 90 days
- Survival Period: Disease Specific
- Single Payment Plan: Coverage for 5 years
- Regular Payment Plan: Coverage up to age 65
- There is a waiting period of 90 days
- Survival Period: Disease Specific
- Premium rates are age banded and guaranteed for 5 years only.
5 years
65 years
AED 91875
AED 918750
Yes
Policy Name: Unit Linked Plans- Invest Protect
- Single pay premium payment mode
- Currency in both AED and USD
- Unique predetermined portfolio
- Life Insurance Protection
- Single pay premium payment mode
- Currency in both AED and USD
- Unique predetermined portfolio
- Life Insurance Protection
- Downside Protection
18 years
65 years
5 years
No
Unit Linked Plans- Invest Protect
- Single pay premium payment mode
- Currency in both AED and USD
- Unique predetermined portfolio
- Life Insurance Protection
- Single pay premium payment mode
- Currency in both AED and USD
- Unique predetermined portfolio
- Life Insurance Protection
- Downside Protection
18 years
65 years
5 years
No
Policy Name: Unit Linked Plans- Smart Invest
- Maturity amount will be paid as lump sum on completion of the policy
- Life cover of 101% of the fund value
- Debit and credit card payment options
- Single and regular premium payment options
- Maturity amount will be paid as lump sum on completion of the policy
- Life cover of 101% of the fund value
- Debit and credit card payment options
- Single and regular premium payment options
- Up to 20 years for single pay; 2, 3, 5 and 10 years for regular premium
18 years
65 years
20 years
USD 450
No
Unit Linked Plans- Smart Invest
- Maturity amount will be paid as lump sum on completion of the policy
- Life cover of 101% of the fund value
- Debit and credit card payment options
- Single and regular premium payment options
- Maturity amount will be paid as lump sum on completion of the policy
- Life cover of 101% of the fund value
- Debit and credit card payment options
- Single and regular premium payment options
- Up to 20 years for single pay; 2, 3, 5 and 10 years for regular premium
18 years
65 years
20 years
USD 450
No
Policy Name: Life Protect
- Accidental Death Benefit
- Critical Illness Benefit (Accelerated or Additional cover)
- Waiver of Premium due to Disability
- Hospital Indemnity
- Accidental Death Benefit
- Critical Illness Benefit (Accelerated or Additional cover)
- Waiver of Premium due to Disability
- Hospital Indemnity
- Permanent Total Disability (Accident only or Sickness and Accident)
- Passive War Risk
- Loyalty bonus is available annually after completion of the 10th policy year
18 years
75 years
10 years
95 years
Yes
Life Protect
- Accidental Death Benefit
- Critical Illness Benefit (Accelerated or Additional cover)
- Waiver of Premium due to Disability
- Hospital Indemnity
- Accidental Death Benefit
- Critical Illness Benefit (Accelerated or Additional cover)
- Waiver of Premium due to Disability
- Hospital Indemnity
- Permanent Total Disability (Accident only or Sickness and Accident)
- Passive War Risk
- Loyalty bonus is available annually after completion of the 10th policy year
18 years
75 years
10 years
95 years
Yes
About Oman Insurance Company
Oman Insurance Company (PSC), or OIC, is one of the leading insurance solutions providers in the Middle East, headquartered in Dubai, UAE. OIC has 15 branches including the Head Office-Operational Branch and a strong presence in every Emirate in the UAE, the Sultanate of Oman and Qatar.
Established in 1975, OIC today is a financially sound and professionally managed organization. The company is rated ‘A Excellent’ by AM Best and ‘A- Stable’ by Standard & Poor's, supported by leading reinsurers like Swiss Re, Munich Re, Allianz, and Arig.
The company practices true customer-focused service through its quality products, underwriting all types of risks in General, Life and Health Insurance, often going that extra mile to tailor make special covers based on specific customer needs. OIC provides a complete range of insurance solutions from Life, Health, Motor and Personal Lines to covers for medium to large industrial and commercial enterprises; and Energy, Marine, and Construction sectors. To achieve this end, it has employed qualified and experienced professionals who are specialists in these respective industries.
Products offered by Oman Insurance Company
Life Insurance
- Term Insurance
- Critical illness
- Unit Linked Plans
- Whole of Life
- Invest Protect
Health Insurance
- Parents Health
- International Health Insurance
- DHA Individual Plans
Motor Insurance
- Third Party Liability and Loss & Damage – Comprehensive (Section One & Two)
- Third Party Liability (Section One)
Benefits of Oman Insurance Company Life Insurance
- Offers range of products
- Customer centric approach
- Flexible premium payment options
- Plans available in both AED and USD
Eligibility Criteria of Oman Insurance Company Life Insurance
Life insurance
Minimum age: 18 years and Maximum age 65 years