Sukoon Life Insurance

In Sukoon life insurance, Sukoon offers individual plans across three categories: term insurance, whole-of-life insurance, and unit-linked insurance plans (ULIPs). Customers can add extra protection such as critical illness or disability cover, and some plans can be bought from home through videoconferencing.

Sukoon Insurance Company at a Glance

Types of Sukoon Life Insurance Plans

Sukoon life insurance plans fall into three groups: term insurance for pure protection, whole-of-life cover up to age 95, and unit-linked plans that combine life cover with investment. Sukoon's individual life insurance portfolio is divided into the following categories:

Sukoon Term Insurance Plans

Sukoon Term insurance offers pure life cover for a fixed period. If the life assured passes away during the policy term, the nominee receives a lump sum, which can help the family clear loans, meet daily expenses and plan for the future. Sukoon offers two term plans.

Sukoon Life Term Plans at a Glance:

Life Guard

Life Guard pays a lump sum to protect your family, your business and any outstanding financial commitments.

• Plans available for ages 1 to 80 years

• Optional cover for your spouse under the same policy

• Critical illness and permanent total disability cover up to age 65

• No initial medical tests for applicants below 46 years of age

• All medical tests and fees at policy inception are paid by Sukoon

• Lower premium rates for non-smokers

• Flexible premium payment options

Term Protect

Term Protect lets you decide the policy duration, premium payment frequency and add-on benefits.

• Entry age from 18 to 80 years

• Policy term from 1 year up to an attained age of 80 years

• Choice of level term or decreasing term cover

• Premiums payable monthly, quarterly, half-yearly, annually or as a single upfront payment

• Built-in accelerated critical illness benefit, which allows part of the sum assured to be used for treatment of selected critical illnesses at no extra cost

• Joint life option, with a separate sum assured for each life assured

• Worldwide cover, including passive war and terrorism risks

Optional riders available with Term Protect:

• Critical Illness Benefit: Pays out on diagnosis of any illness covered under the policy terms

• Accidental Death Benefit: Pays an additional amount if death occurs due to an accident

• Permanent and Total Disability Benefit: Pays an additional amount for permanent and total disability caused by sickness or accident, based on the option selected

• Waiver of Premium for Disability: Premiums on the base policy and riders are waived if the insured is totally and permanently disabled for at least 6 months

• Hospital Indemnity Rider: Pays a fixed amount for hospital stays of more than 3 days

Sukoon Whole of Life Insurance

Whole-of-life insurance offers long-term protection rather than cover for a fixed term. Under Sukoon's plan, cover continues up to 95 years of age.

Life Protect

Life Protect is a whole-of-life plan that combines long-term protection up to age 95 with investment in global funds of your choice.You can adjust your cover and premium as your needs change.

• Coverage up to 95 years of age

• Critical illness cover up to age 95 and permanent total disability cover up to age 65

• Loyalty bonus along with other additional benefits

• Option to increase or decrease your life cover and premium

• Wide range of global investment funds, with unlimited free switches between funds

• Investments can be tracked online from anywhere in the world

• Limited premium payment terms available, so you pay for a set period and stay covered for life

• Policy can be continued from anywhere in the world, with worldwide cover

Sukoon Unit Linked Insurance Plans (ULIPs)

ULIPs combine life cover with market-linked investment. A part of the premium goes towards life protection and the rest is invested in funds selected by the policyholder. Sukoon offers three ULIPs.

Smart Invest

Smart Invest is a unit-linked plan that brings savings, investment and life cover together. You decide how much to invest and for how long, through single or regular premiums.

• Combines savings, investment and life cover in one plan

• Choice of single premium or regular premium payment

• Death benefit of 101% of the account value

• Partial withdrawals allowed under regular premium plans, subject to policy limits

• Flexible premium payment term

• Medical fees paid by Sukoon

• Competitive premiums, especially for non-smokers

• Higher limits before medical tests are required

• Policy terms of up to 61 years

• Additional benefits available at affordable rates

Elite Life

Elite Life is a unit-linked plan designed for goals like your child's education and long-term family security. It gives access to global funds along with guaranteed life cover.

• Single and regular premium payment options

• Guaranteed life cover with flexible cover amount

• Free premium holiday after completing 3 policy years

• Partial encashment of accumulated value after 3 policy years

• Option to top up investments when needed

• Wide range of global funds, with free fund switching every year

• Option to migrate the plan from the UAE to any other country of residence

Sukoon Advantage

Sukoon Advantage is a unit-linked plan that helps grow wealth through a wide range of global funds while keeping you insured. You can switch funds as your goals change.

• Death benefit of 101% of the fund value

• Choice of single or regular premium payment

• Premium payment terms from 5 to 20 years

• Extensive range of global funds

• Unlimited switches between funds

• Complimentary expert portfolio management

• Partial encashment allowed on regular premium plans, subject to policy limits

Purple Investment Plan

Sukoon's Purple plan is a simple savings and investment plan that gives access to 80+ global funds and can be started online through Sukoon's life portal.

• Single or regular investments, paid one time, monthly, quarterly, half-yearly or annually

• Start investing from as low as AED 100

• Invest in AED or USD

• Access to 80+ global funds managed by leading asset managers such as Franklin Templeton, BlackRock, Fidelity and HSBC

• Unlimited fund switches and withdrawals, with no minimum amount

• No lock-in period, so you can withdraw your money anytime

• Flat management charge of 0.2% per month of account value, with no other charges

Note: Returns on ULIPs and whole of life investment funds depend on market performance and are not guaranteed.

Sukoon Insurance Price: What Affects Your Premium?

Sukoon doesn't publish a fixed Sukoon insurance price for life plans, because your premium depends on your profile:

• Age: the younger you are, the lower the premium.

• Smoking: non-smokers pay less on Sukoon's term plans.

• Cover and policy term: a higher sum assured or longer term costs more.

• Health and medical history: declared at the time of buying, and checked through medicals where needed.

• Riders: each add-on, such as critical illness or accidental death, adds to the premium.

• Occupation and lifestyle: risky jobs or activities can raise the premium.

What is VMER in Insurance Purchased from Sukoon?

Sukoon allows customers to buy some of its life insurance plans from home, with the tele-medical examination conducted via video call. This is useful for working professionals and expatriates who find it hard to take time off for a clinic visit.

• No clinic visit: The process can be completed over a video call from your home or office

• Saves time: You avoid travel and waiting time at a medical centre

• Convenient: The process can be completed without a physical appointment.

Why Choose Sukoon Life Insurance?

• Long track record: Over 50 years of experience in the UAE insurance market

• Large customer base: More than 1.6 million lives insured

• Regulated by the Central Bank of the UAE: Sukoon holds Licence No. 9, issued on 24 December 1984.

• Term, whole-of-life and unit-linked plans: You can pick pure protection, long-term cover or a plan that also invests your money.

• Add-on riders: Term Protect lets you add critical illness, accidental death, disability, waiver of premium or hospital cover for an extra premium.

• Global funds: The investment-linked plans let you choose from a range of global funds and switch between them free of charge.

• Worldwide cover: Plans such as Term Protect and Life Protect cover you wherever you travel or live

Sukoon Life Insurance for Indian Expats in the UAE

Some of Sukoon's plan features are especially useful for Indian expats who may relocate in the future or have family back home.

• Plan migration: Elite Life can be moved from the UAE to any other country of residence, so the policy continues if you return to India or move elsewhere

• Cover from anywhere: Life Protect can be continued from anywhere in the world, and investments can be tracked online from abroad

• Worldwide protection: Term Protect covers the policyholder anywhere in the world, including passive war and terrorism risks

How to File a Sukoon Life Insurance Claim

Nominees can start a life insurance claim through the claims section of the Sukoon website or by calling customer service on 800 SUKOON (800 785666). Claim forms for plans such as Elite Life are available on Sukoon's downloads page. Customers can also visit any Sukoon branch for help, or email service@sukoon.com.

Alternative Ways to Buy Term Insurance for NRIs in UAE

Many Non-Resident Indians (NRIs) living in Dubai, Abu Dhabi and other emirates also buy term insurance for NRIs from Indian insurers. A term plan from India can work alongside a UAE policy or serve as the main cover, depending on your needs and budget.

Benefits of Buying Term Insurance for NRIs from Indian Insurers

• Affordable premiums: Term plans from Indian insurers are often priced competitively for high sums assured

• Global coverage: Most plans cover the policyholder irrespective of their country of residence

• 0% GST on premiums: Since 22 September 2025, individual life insurance policies in India, including term plans, are exempt from GST. Earlier, premiums attracted 18% GST

• Remote medical checks: Many insurers offer tele-medical or video medical examinations, so you do not need to travel to India

• Return of premium options: Some term plans refund the premiums paid if the policyholder survives the policy term

• Claim from abroad: The nominee can file the entire claim process for term insurance for NRI from outside India, with documents uploaded online or sent by courier

How to Buy Term Insurance for NRIs in UAE from India?

NRIs can compare and buy term plans from leading Indian insurers through Policybazaar in a few simple steps:

Step 1: Visit Policybazaar and go to the Term Insurance for NRI section.

Step 2: Enter your name, date of birth, contact number and country of residence.

Step 3: Share your smoking habits, occupation, annual income and educational qualification to view personalised quotes.

Step 4: Compare the available plans and choose the one that suits your needs.

Step 5: Complete the tele-medical or video medical examination and pay the premium online.

Policybazaar's support team assists NRIs at every stage, from comparing plans to policy issuance and claims.

Final Thoughts

Sukoon Insurance gives UAE residents a clear choice of life insurance: term plans for pure protection, Life Protect for long-term cover up to age 95 with investment, and ULIPs for those who want to grow their savings while staying insured. NRIs in the UAE can add to this protection by comparing term plans from Indian insurers on Policybazaar, where premiums on individual policies are now GST-free.

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