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Rakbank Life Insurance In UAE
3 Life Insurance Provided By Rakbank Bank
Rakbank Life Insurance
Policy Name: RAKlife Term Insurance
- Coverage for Death due to any cause
- Hassle free enrolment
- Available 24 hours, worldwide
- Choice of payment frequencies: Monthly, Quarterly, Half Yearly or Annual.
- Coverage for Death due to any cause
- Hassle free enrolment
- Available 24 hours, worldwide
- Choice of payment frequencies: Monthly, Quarterly, Half Yearly or Annual.
- Purchase your policy by using your Credit Cards / Direct Debit to your RAKBANK Account
- Age between 18-64 years at policy inception
- Maximum coverage age is 65 years
18 years
64 years
65 years
AED 500000
No
RAKlife Term Insurance
- Coverage for Death due to any cause
- Hassle free enrolment
- Available 24 hours, worldwide
- Choice of payment frequencies: Monthly, Quarterly, Half Yearly or Annual.
- Coverage for Death due to any cause
- Hassle free enrolment
- Available 24 hours, worldwide
- Choice of payment frequencies: Monthly, Quarterly, Half Yearly or Annual.
- Purchase your policy by using your Credit Cards / Direct Debit to your RAKBANK Account
- Age between 18-64 years at policy inception
- Maximum coverage age is 65 years
18 years
64 years
65 years
AED 500000
No
Policy Name: Smart Term Life Insurance
- Worldwide Coverage
- The Policy can be owned only by an individual only
- Payment Frequency: Annual premium & single premium
- Policy Currency: AED only
- Worldwide Coverage
- The Policy can be owned only by an individual only
- Payment Frequency: Annual premium & single premium
- Policy Currency: AED only
- Provides the nominated beneficiary a lump sum payment, if the Life Assured passes away during the term of the policy
- Payment Methods: Direct Debit from RAKBANK Account or by Credit Card
18 years
60 years
65 years
AED 200000
No
Smart Term Life Insurance
- Worldwide Coverage
- The Policy can be owned only by an individual only
- Payment Frequency: Annual premium & single premium
- Policy Currency: AED only
- Worldwide Coverage
- The Policy can be owned only by an individual only
- Payment Frequency: Annual premium & single premium
- Policy Currency: AED only
- Provides the nominated beneficiary a lump sum payment, if the Life Assured passes away during the term of the policy
- Payment Methods: Direct Debit from RAKBANK Account or by Credit Card
18 years
60 years
65 years
AED 200000
No
Policy Name: Sweet Secure For Lifestyle And Critical Illness
- 24 x 7, Worldwide Coverage.
- The plan can be owned only by an individual
- Policy Term: 1 to 5 years
- Policy Currency: AED only
- 24 x 7, Worldwide Coverage.
- The plan can be owned only by an individual
- Policy Term: 1 to 5 years
- Policy Currency: AED only
- Payment Frequency: Premiums can be paid either annually or one time (for 5 years).
- Payment Methods: Direct Debit from RAKBANK Account or by Credit Card
5 years
1 years
AED 500000
Yes
Sweet Secure For Lifestyle And Critical Illness
- 24 x 7, Worldwide Coverage.
- The plan can be owned only by an individual
- Policy Term: 1 to 5 years
- Policy Currency: AED only
- 24 x 7, Worldwide Coverage.
- The plan can be owned only by an individual
- Policy Term: 1 to 5 years
- Policy Currency: AED only
- Payment Frequency: Premiums can be paid either annually or one time (for 5 years).
- Payment Methods: Direct Debit from RAKBANK Account or by Credit Card
5 years
1 years
AED 500000
Yes
About Rakbank
Established in 1976, RAKBANK or the National Bank of Ras Al Khaimah (P.J.S.C), is one of the oldest banks in the UAE. As a member of the UAE Banking Federation (UBF), RAKBANK follows the Custom Charter as stipulated by the UBF and tries to encourage best practices in the financial services industry. It works with a vision to provide ‘simply better’ financial solutions to its customers in and around the UAE’ and a Mission to be the leading bank in the UAE by offering best products.
Benefits of Rakbank Life Insurance
- Hassle free enrolment
- Available 24 hours, worldwide
- Provides payment of a lump sum amount
Eligibility Criteria of Rakbank Life Insurance
Life Insurance
Minimum age 18 years, Maximum age 64 years