Dubai – Mubasher: Yallacompare, the UAE-based financial comparison platform, on Sunday announced the launch of a new product offering up to AED 1 million in life insurance, AED 3 per day.
Customers can buy the product online in a five-minute process with no medical tests or complex questionnaire required, Arabian Business reported, citing the Middle East's leading comparison website.
“Yallacompare has helped to transform the way financial products are sold in the Middle East and we are now bringing that spirit of positive change to the region’s life insurance sector,” Jon Richards, CEO of yallacompare, said.
The new product enables the beneficiary to receive 100% of the insurance in the case of an accident; regardless of the amount of time elapsed on the policy.
In the case of death caused by a pre-existing illness, the insurance will cover only 20% the amounts insured after six months have elapsed on the policy, 60% after one year and 100% after a year and a half.
“Smart Term Life Insurance is a refreshingly straightforward product that everybody seeking to provide for their loved ones should consider purchasing,” Richards added.
