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RAKlife*, brought to you by RAKBANK, offered by Oman Insurance Company, is a pure risk term life Insurance policy that covers death due to any cause.
Benefits that Life Insurance policy offers
- Coverage for Death due to any cause
- No medical underwriting for Plan 1
- Medical underwriting limited to a Good Health Declaration for Plan 2 and a simple Medical Questionnaire for Plans 3, 4 and 5
Life Insurance Plans available
| Plans Available | Sum Assured |
|---|---|
| Plan 1 | 100,000 |
| Plan 2 | 200,000 |
| Plan 3 | 300,000 |
| Plan 4 | 400,000 |
| Plan 5** | 500,000 |
| All amounts in AED | |
**Minimum Monthly Salary requirement - AED 15,000
Other Salient features include
- Hassle free enrolment
- Available 24 hours, worldwide
- Purchase your policy by using your Credit Cards / Direct Debit to your RAKBANK Account
- Choice of payment frequencies: Monthly, Quarterly, Half Yearly or Annual
Eligibility
- UAE residents
- Age between 18-64 years at policy inception
- Maximum coverage age is 65 years
