Oman Insurance Company provides lifetime life policy for individuals who wish to insure their life against death,diseases and life threatening injuries.
Life Protect is designed to provide long term life insurance security. In case of an unfortunate event of death, a lump sum amount is given to your dependents, giving you the confidence that your family will always be financially protected.
Moreover, Life Protect provides a wide range of additional benefits to protect against the financial impact of serious accident or illness.
Life Protect also feature an investment component. By offering different investment strategies, Life Protect helps you achieve your saving objectives.
Product at a Glance
|Policy Term||Attained age of 95 years|
|Premium Payment Mode||Single Pay and Regular Pay (Monthly, Quarterly, Semi-Annual, Annually)|
|Currency||United States Dollars (USD)|
|Minimum Premium Term||10 years (Regular Pay)|
|Maximum Premium Term||Attained Age of 95 years|
|Issue Age||18 to 75 years|
|Death Benefit||There are 2 options available
· Sum assured PLUS the Account value
· Sum assured OR the Account value, whichever is higher
|Riders||· Accidental Death Benefit
· Critical Illness Benefit (Accelerated or Additional cover)
· Permanent Total Disability (Accident only or Sickness and Accident)
· Waiver of Premium due to Disability
· Hospital Indemnity
· Passive War Risk
|Loyalty Bonus||Available annually after completion of the 10th policy year|
|Maturity Benefits||Account Value as on the maturity date of the policy|