Term Life Insurance

Term Life Insurance,  brought to you by RAKBANK and offered by Oman Insurance Company, is for Residents of Kenya, Tanzania, South Africa and India, which provides 100% of the sum insured as a lump sum amount in case of death due to any cause during the term of insurance.

• Term Life Insurance is available to residents of Kenya, Tanzania, South Africa and India, with coverage starting from – USD 67,500/- up to USD 10,000,000/-
• Flexible policy term options available - 5, 10, 15, 20, 25 years.
• Reimbursement of medical test cost upon issuance of policy.
• Available 24 hours worldwide.

• A one time policy fee of USD 50 will apply at inception.
• Minimum premium charged on the policy is USD 230/- per annum
• Premium amount is subject to medical underwriting from Oman Insurance Company

• Premiums can be paid either monthly, quarterly, semi annually or annually
• Choice of modes of payments RAKBANK Credit Card or RAKBANK Account

• Resident of Kenya, Tanzania, South Africa or India
• Age between 20 and 74 years while applying for the policy
• Maximum coverage age at policy maturity is 79 years
• Customers Banking with RAKBANK

To know more about Term Life Insurance –

• Apply online, Click Here OR
• Speak to our agents, call us at 213 0000 press 4 for Insurance OR
• Fix an appointment, email us at insurance@rakbank.ae

*Insurance is offered by Oman Insurance Company for customers and subject to approval. Insurance Policy Terms and Conditions apply.