zurich futura with enhanced benefits
DESCRIPTION
This Presentation aims to highlight the changes and improvements of Zurich Futura, the whole of life insurance plan with living benefits, offered by Zurich International Life in UAE, Bahrain and Qatar.TRANSCRIPT
Zurich Futura
With Enhanced Benefitswww.financialplanningindubai.com
The Good News….
Zurich International Life (ZIL) has recently launched an updated and enhanced version of Futura, the Whole of life
insurance plan with many living benefits, in UAE, Bahrain and Qatar.
What is new?
• The waiver of premium benefit is now available for either or both lives on joint life policies. Earlier it was available only on Life 1, even though both lives insured were employed.
Waiver of premium
• Maximum cover is extended from age 65 to age 70. for waiver of premium benefit, permanent and total disability benefit, accidental death benefit, dismemberment benefit and hospitalization benefit.
Maximum Age of Cover
What is new?
• The Terminal illness cover was earlier a part of the critical illness benefit, but now it has been added to the life cover with a maximum USD 1 Million..
Terminal Illness
• The critical illness benefit is enhanced with the addition of 16 new conditions to the existing 20, a taking the total number of conditions covered to 36; including a new children’s critical illness condition cover.
Enhanced Critical Illness Benefit
What is new?
• The qualifying period for critical illness benefit has been reduced to 90 days, from 180 days
Waiting Period
• The deferment period for permanent and total disability benefit claims (the period a life insured must be disabled before a claim can be admitted) has been reduced from 12 months to 180 days.
Deferment Period
What is new?
• The hospitalization benefit maximum has been increased to USD 4,000 each week from USD 2,800
Increase in Hospitalization Benefit
• The minimum age for lives insured has been increased from 17 to 18.
Start when 18…
What is new?
• Long term care benefit is no longer available
Long Term Care – Excluded
• The deferment period for permanent and total disability benefit claims (the period a life insured must be disabled before a claim can be admitted) has been reduced from 12 months to 180 days.
Deferment Period
What about existing Futura customers?
Existing Futura customers are not affected by the changes and their policies will continue to operate in line with the terms and conditions provided at the time of policy issue.
To know more
Please contact :
Damodhar Mata
+97155-7701792 or +97150-2285405
www.financialplanningindubai.com