This post aims to provide an impartial analysis and review of The International Protector Middle East, the Term Insurance from Friends Provident International

As the name suggests, this Term Insurance Policy / Plan is designed especially for the Middle East customers. It helps them protect themselves, their family and or their business against loss of income due to Death, Terminal Illness, Critical Illness or Disability.

FPI logo large

This plan is very affordable in comparison to a whole of life plan or an endowment plan, offering a wide scope of cover at an affordable cost.

It is widely used by individuals looking for a large cover amount but are on a limited budget, for covering their families, or commitments like a mortgage, or for protecting responsibilities like children’s college education or marriage

It also used by Business owners and partners as Key-man Insurance or Partnership Insurance, ensuring continuity of their businesses.

International protector has three cover options to choose from;

fpi-critical-illness

Flexibility 

The plan also aims to provide the flexibility to increase or decrease the sum assured, Increase or decrease the cover term, and add additional benefits, according to the changing protection needs, subject to insurability at the time of change

Click here to download the list the critical illness guide, providing detailed information on the list of critical illness, scope, limitation and definition of each critical illness.

How much does it cost?

The minimum premiums for all types of cover are as follows;

Currency

Monthly

Annually

US Dollars (USD)

USD 17.50

USD 175.00

UK Sterling ( GBP)

GBP 10.00

USD 100.00

EURO (EUR)

EUR 15.00

EUR 150.00

UAE Dirhams (AED)

AED 64.50

AED 645.00

Your premiums will depend on various factors like the amount of cover (sum assured), the cover option chosen, how long you want the cover for, your age, sex, nationality, whether or not you smoke, your health and lifestyle.

Click here to arrange a meeting, to ascertain how much International Protector will cost you?

Will the Premiums remain unchanged throughout the cover period?

If you choose life cover only or life cover with Total and Permanent Disability, your premiums are guaranteed not to change for the duration of the policy.

If you choose Life cover or earlier Critical Illness Cover, or critical Illness Cover only then your premiums are guaranteed for 5 years, and are reviewed for every 5 years thereafter.

Click here to know how and when your premiums will be reviewed.

Other details;

Particulars

Minimum

Maximum

Age at entry for Life cover

18

64

Age at entry for Critical Illness Cover

18

59

Age at Maturity for Life cover

NA

80

Age at Maturity for Critical Illness Cover

NA

70

Sum Assured Dollars

USD  17,500

USD  10,000,000

Sum Assured Pounds

GBP 10,000

GBP 5,650,000

Sum Assured EUROs

EUR 15,000

EUR 8,362,000

Sum Assured Dirhams

AED 64,400

AED 36,780,000

What will stop International Protector from paying a claim?

FPI international may not pay the claim if you do not answer all the questions, truthfully, accurately and completely to the best of your knowledge, at the time of application and when making a claim.

If you fail to disclose the following, at the time of application;

  1. Health or family history
  2. About your occupation, occupational duties
  3. Travel history and residency status
  4. Lifestyle details like Smoking, hazardous hobbies
  5. Death, disability or critical illness arising out of active war participation, act of terrorism, life assured’s attempted suicide and alcohol, drug or chemical  abuse.

No let’s analyze the benefits and shortfalls of International Protector Middle East

Sl. No

Benefits

Shortfalls

1

Very affordable premiums

Maximum age at Critical illness cover maturity is 70

2

Widest scope of critical illness cover, covers up to 35 critical illnesses

Premiums for plans with critical illness cover will be reviewed every 5 years, and can change.

3

Choice of 4 currencies including Dirhams

Claims on terrorism and war related death are excluded.

4

Simple and hassle free application and claim process

 

5

24/7 live support online and via call center, with a regional office in Dubai

 

6

Guaranteed no change in  premiums for life cover for the term of the plan.

 

The Last word:

While there are a couple of shortfalls, the benefits overwhelm the shortfalls, hence the International Protector Middle East is a very good plan, one among the most preferred plans by clients and widely recommended by Financial Advisers.

For more information on the International Protector Middle East, contact Damodhar on +97150-2285405,  Click here to email, or arrange a free initial meeting.

Click here to know more about Critical Illness Insurance in Dubai / UAE

Click here to know more about Life Insurance in Dubai / UAE

Click here to know the difference between Term Insurance and Whole of life Insurance.

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