Introduction
In today’s world, choosing insurance policies has become different and dynamic to meet the needs of individuals globally. Mostly, people prefer not to invest their hard-earned money in something uncertain.
However, we must choose life insurance policies to secure our future and safeguard our loved ones. Things happen unannounced in life. It can be an impending medical emergency for your dear ones that requires complete hospitalization for days put together. Or, it can be a sudden fire accident that comes out of the blue burning the sheds or garages of your prime properties.
As a shrewd individual, you must invest in life insurance policies that provide the care and safety you want for your family members.
On this note, let us discover the seven best life insurance plans for individuals globally:
1.MetLife International
MetLife International is one of the world’s best insurance service providers that lend complete life insurance packages to global expatriates and therefore cater to individuals residing across the world.
As an insurance holder, you can have your life insurance policy tailored or customized according to your personal or individual requirements. You can opt to have your insurance policy camouflaged with various investment options with a wide variety of insurance coverage benefits too.
This way, you provide a complete life cover for you and your family while eventually helping the same plan grow your wealth basket too.
2. AIG Life
AIG Life Insurance is another leading service provider that lends customized and tailored insurance solutions to clients and retail insurers on the whole.
These are customized insurance policies that can be tailor-made to suit the independent requirements you may have as an insurance subscriber.
As an insurance subscriber, you can avail of term policies, whole life insurance policies, and other flexible investment schemes with add-on benefits that cover insurance riders too.
3. Zurich International Life
Zurich International Life focuses on providing investment-linked insurance policies for expats and global citizens on the whole.
These are investment-linked life insurance plans that allow insurers to choose from a customized set of investing options with insurance-related rider benefits added to the same.
You can build tailor-made solutions to build your investment portfolios while you have the customization to link flexible policy structures that go with your investment choices hand in hand.
In a nutshell, with the flexibility to choose policy coverage on a global scale along with term and add-on investment options, you are all set to enjoy multiple benefits once you sign up with Zurich International Life in a hassle-free manner.
4. Prudential
Prudential is another popular banner that people across the world know of. This is a brand that offers you a wide variety of life insurance policies irrespective of the geographical domain you belong to.
You can choose term policies with Prudential if you want to retrieve your funds on a short-term scale. Whole life assurance policies and Universal insurance policies have insurance coverage lasting an entire lifetime.
Here, you can choose to be a primary member and nominate immediate family members who can be added as nominees. Most of the prominently known life insurance policies also cover medical bills and hospitalization as a part of their structural outlays.
With Prudential, you find that this is an insurance provider that covers a large number of countries under its cluster with customizable plans and schemes that offer financial stability to its insurance subscribers.
5. Bupa Global
Bupa Global is an insurance brand that provides health cover policies to global expatriates and international citizens on the whole. Apart from providing health coverage, this service provider lends term policies and life insurance options to global expatriates.
With a wide range of policies, flexibility in the curation of terms, and a strong international connection, you can avail some of the best life insurance plans for individuals using Bupa Global.
6. Generali
Generali is an insurance brand that is particularly famous in Europe and Asia. This is a service provider that provides plenty of flexible insurance policies on a global scale.
Insurers can witness flexibility in choosing plans and linking investment options with the same and the brand prides itself in providing the best customer service to insurance subscribers on the whole.
Hence, this is a brand that provides the best life insurance plans for individuals on a global scale.
6. AXA
AXA is another popular insurance brand that provides a range of life insurance policies to global citizens on a customizable scale indeed. You can choose from a wide variety of term insurance policies from here.
And, you can feel free to choose policies that are whole-length life insurance policies and universal life policies with lucrative add-ons and other insurance riders too.
This is a brand that is worth pursuing because of the strong global connection it enjoys among international clients and stakeholders. You also get a wide variety of customizable policy options with insurance coverage and you can avail tailor-made solutions for long-term financial needs such as estate planning or too.
What are the considerations you would look for while choosing lucrative insurance plans?
These are the most important considerations you would look for while choosing lucrative insurance plans. Helping you through with a run-down into the same:
1. Demographics
You must look at whether the insurance policy provides comprehensive coverage to the area in terms of the city or country you live in. For instance, Do you stay in Dubai, UAE? Then you must check if the insurance package covers the demographics in and around where you stay.
Or, if you travel frequently, what is the destination you frequently travel to? Therefore, you look at the demographics before you opt for an insurance policy with a service provider.
2. Exclusions
You must look for considerations in terms of exclusions or limitations that may apply to the insurance policy options you would want to choose. This way, you make a rough analysis as to whether the chosen policy suits your independent needs or requirements or not.
3. Cost of the premium vis-a-vis the subscription plan
You must gauge whether the premium cost covers the benefits that are offered to you via the insurance plan. In other words, you must gauge if the premium money you subscribe on a monthly, quarterly, half-yearly, or annually in lieu of a subscription plan benefits you and your family members on the whole. Hidden costs and wasteful insurance components that underlie remain red flags for you to drop out of a plan.
4. Claim process
You must check if the claim process is carried out in a foolproof manner. This is nothing but checking the creditworthiness of the insurance company you want to sign up with. Only if the product issuer is of a credible authority, will your claims get fulfilled and reimbursed to you as such.
The Bottom Line
Choosing an insurance company is equally as important as choosing a comprehensive life policy of your choice. The policy benefits can help secure you from unnecessary financial burdens for covering lumpsum expenses like hospitalization, fire accidents, or other life-threatening scenarios as such.
As a huge amount of money is involved here, you must understand the risk factors and analyze the pros and cons of every insurance plan before you sign in on the dotted lines.
FAQs
Q1. Why do you need life insurance products?
Answer: You need life insurance products to protect your loved ones and provide them with financial support as well.
For instance, with a protection plan that has an illness cover and one of your family members happens to be diagnosed with a critical illness condition, you get cashless hospitalization and a lump sum amount to cover medical bills or pre-hospitalization procedures giving you peace of mind to live life or tackle the eventualities better.
Q2. How do you pay for insurance packages?
Answer: Although the assurance coverage or the beneficiary amount is huge, you can pay simple premiums out of your dispensable savings account. you can pay premium amounts on a monthly, quarterly, half-yearly, and annual basis.
Q3. How do you book an insurance package?
Answer: Well, you can click at online websites that offer innovative insurance policies with a secure plus or investment options. Here, the document provides insurance benefits to you and your family members apart from helping your money basket grow. Otherwise, you can visit retail outlets to book for a customized insurance solution indeed.
Q4. What is a term life insurance plan?
Answer: Term-life insurance policy is a short-term insurance policy for 3-5 years. You will get a lumpsum at the end of maturity or get coverage if you produce bills that cover the insurance riders as stated on the policy document.
