✔️ Omar Asia
Life insurance generally has different types and designs. But usually when talking about life insurance, it means life insurance and investment. Because among the life insurances, this is the only insurance policy that has unique benefits and features, such as receiving a partnership interest, the possibility of receiving a loan and redemption. Asia Life Insurance is offered in the form of "Asia Comprehensive Life Insurance and Savings" plan, which offers the following benefits to its policyholders:
✔️ The possibility of simultaneously enjoying insurance benefits and the saving aspect of the insurance policy
✔️ A safe and profitable investment with the support of Asia Insurance to support and provide for the present and future of the family.
✔️ The possibility of choosing the premium and initial capital based on the budget and expectation of the insured
✔️ The possibility of paying a loan without the need to provide collateral and introduce a guarantor from the deposit of the insurance policy.
✔️ The possibility of redeeming the capital of the insurance policy before the insurance period
✔️ Payment of profit participation in benefits
✔️ Not getting tax on the savings of the life insurance policy
ار Asia's comprehensive life and savings insurance coverage
Before reviewing the coverage of this insurance policy, it is necessary to remember two points. First of all, the age requirement in this insurance policy is from birth to seventy years old. Also, by observing the age requirement, the validity period of the insurance policy can be determined from five years to thirty years at the policyholder's choice. The following coverages are provided in Asia's Comprehensive Life and Savings Insurance Policy:
اری Insured death
In this coverage, Asia Insurance Company undertakes that in the event of the death of the insured during the validity period of the policy, the pledged capital together with the capital of death to Beneficiaries of the insurance policy pay. The capital of the insured's death in the first year of the policy's validity can be between one and twenty-five times the annual premium. It is also possible to increase the annual capital from five to twenty times on the condition of increasing the annual premium.
اری Female footwear from the accident
In this supplementary coverage, in case of the death of the insured due to an accident, the policy capital is paid to the beneficiaries along with the death capital. The meaning of accident is any sudden event that occurs as a result of an external factor and without the intention and will of the insured during the validity period of the insurance policy and leads to the death of the insured. The death capital in this coverage can be set between one and four times the lifetime capital. Also, this coverage is given to the insured who are between ten and seventy years old.
اری Disabled and disabled complementary cover
In this coverage, if the insured suffers permanent disability (total and partial), the capital pledged in the year of the disability He will be paid. Here, the meaning of organ defect is the disconnection, deformation or loss of the ability to perform the work of a part of the body due to an accident and approved by the insured's trusted doctor. The capital of this coverage can be determined between fifty and one hundred percent of the capital of the deceased.
Establishment of medical costs caused by accident
In this coverage, the costs that the insured or the insured will pay for the realization of the risks of the insurance policy to receive medical services will be paid. The medical expenses payable in this coverage are the amount of the medical bill up to the limit of the insurer's obligations, provided that the bill is delivered to the insurer no later than sixty days after the payment of the fee. Also, a series of incidents that occur during seven consecutive days is considered an incident.
اری Special diseases of special diseases
In the supplementary coverage of special diseases of Asia Insurance, 33 types of specific diseases are supported. These diseases include any physical complications or disorders in the normal functioning of body organs caused by heart attack, stroke, open heart surgery, cancer, and transplantation of major body organs. This insurance coverage is given to the insured between ten and sixty years old. Also, the waiting period is six months after the start of the validity date of the insurance policy.
اری Complementary coverage of premium exemption
This coverage is intended for employed insured persons between the ages of eighteen and sixty years, so that if the insured person becomes permanently disabled during this age, he will be exempted from paying the premium. Of course, if the insured is a student, student, soldier, retiree or housewife, he cannot use this coverage because he is not considered an employee. Also, the waiting period for supplementary coverage, exemption from paying insurance premiums due to disability caused by the insured's illness, is one year.
ای Sponsored exclusive cover
Asia Insurance Company's exclusive coverage sponsor plan for comprehensive life and savings insurance policy. In this coverage, if the insured and the insured are two different people, the insured can be exempted from paying the insurance premium by requesting sponsor coverage at the time of issuing the policy in case of death or disability of the insured due to an accident. Of course, in this coverage, the insured must be employed, and it will only be awarded to insureds between the ages of eighteen and sixty.
Asia's Life Insurance Premium Charm
Asia life insurance premium is determined at the policy holder's request and preference. Based on the amount of insurance premium and the details of the insurance policy, over time, it is added to the savings part of the life insurance, and also the contribution interest is calculated at the end of each year to be added to the savings.
The policyholder can choose to pay the premium annually or at one time. In the annual payment, it is still possible to choose monthly, bi-monthly, quarterly or six-monthly. Since life insurance interest is calculated on a daily basis, policyholders who pay their premiums early will receive incentive interest. In the same way, if the insurance premium is paid later than the due date, no penalty will be deducted, but daily interest will not be assigned to the overdue days. The last point is that if the insurer does not pay his premiums from a certain date, the insurance policy will only cover death, supplementary and related expenses until the expiration date, and the insurance policy will be suspended after the expiration date.
✔️ Asian Life Insurance Issuing
Asia life insurance is issued in several simple and clear steps. In the first step, you must fill out the life insurance proposal form. Then provide the copy of the national card of the insured, the insured and the beneficiary to the insurer. In the last step, you have to pay the first installment of your insurance premium. The process of issuing an insurance policy from the perspective of Asia Insurance Company is as follows:
1. Completion of the issuance proposal form by the applicant and the insured
2. Checking the form and confirming it by an insurance expert
3. Examination by a doctor according to the insured's age and death capital or medical problems and conducting medical tests at his discretion.
4. Registering the doctor's opinion for issuing or not issuing an insurance policy
5. Registering the life insurance offer in the software and announcing the tracking code
6. Deposit of insurance premium by the insured
7. Issuing and delivering the insurance policy and additional coverage to the policyholder or his legal representative
اری Required for life insurance damage
In case of the death of the insured, the insured or the beneficiaries of the policy must notify Asia Insurance within one month and submit the following documents to the insurance:
✔️ Image of all canceled pages of the insured
✔️ Official death certificate from the Civil Registry Office
✔️Certificate of the last medical doctor or forensic doctor in which the cause of death is written
✔️Certificate of exclusive inheritance of the insured (if the beneficiary is not specified in the insurance policy)
If the death was due to an accident, it is necessary to submit a report on how the accident happened, which is confirmed by legal authorities
✔️ Complete the damage form
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Getting a loan from Asia Life Insurance
If the policyholder has fully fulfilled his obligations during the two years of the insurance policy's validity and has also paid his premiums in full, he can borrow up to eighty percent of his savings from the beginning of the third year. The loan repayment conditions will be determined by agreement between the policyholder and Asia Insurance Company. Also, the loan fee rate will be in accordance with the central insurance regulations.
Conditions for withdrawing from Asia Life Insurance's deposit and redemption
The policyholder can withdraw up to 80% of the policy reserve. In this case, the remaining amount is considered as the basis for the formation of savings in the following years. On the other hand, if the policyholder withdraws from his decision within thirty days from the start of the insurance policy, the premium received after deducting the issuance costs will be receivable. In case of cancellation after thirty days, the insured can receive the redemption value of the insurance policy until the date of sending a written request from Asia Company.
In the article you read, you got acquainted with the terms of Asia life insurance and its coverage. Since the Ministry of Labor's pension alone cannot cover living expenses during retirement, buying life insurance is a logical and cost-effective solution to accumulate a suitable and profitable financial reserve that will ease your mind about providing for the future of yourself and your family members.