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RAKlife
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
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Disclaimer:
* Insurance is offered by Oman Insurance Company for RAKBANK customers and is subject to their approval. Terms and Conditions of the Insurance Policy shall apply. This is for your information only and RAKBANK is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Insurance being offered and does not accept any liability and will not be liable for any loss or damage arising directly or indirectly to the customer taking the Insurance.
