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LIFE INSURANCE PLAN

No one can put a price tag on life, but MedPlan can give you peace of mind, and that is priceless.


BankMed and MedGulf have jointly developed two types of Life Insurance Plans to provide you with a comprehensive coverage in the event of natural or accidental death of the insured person.

Life Insurance Plan can provide financial security for your family. Whether you are in your twenties or fifties, it is never too early or too late to start thinking about your life insurance Plan.

MedPlan's offers two types of life insurance described as follows:
  • Term Life Plan: the duration of the coverage ranges between one to five years.
  • Guaranteed Renewability Term Life Plan: the duration of coverage is 5 years, after which time renewability is guaranteed until the age of 75, regardless of the insured health condition. In case of total and permanent disability of the insured person (inability to secure gainful employment) the premium will be waived for up to five years.
     
     
Under both insurance Plans, you can select the cover limit and you will benefit from the following:
  • Worldwide coverage
  • Renewability of your policy irrespective of your health status.
  • Premiums that can be automatically collected from your bank account, so you do not have to worry about missing a payment.
To learn more about Life Insurance Plan, please contact BankMed call center on 01 - 70 80 90 available 24 / 7 to answer all your questions or visit one of our branches.