Regardless of whether you're in your twenties or fifties, it's never too early or too late to start thinking about Life Insurance.
Coverage:
"Hayat Telbaalak" plan offers two types of life insurance that provide comprehensive coverage in the event of natural or accidental death of the insured person:
- A Term Life Plan: with a duration of coverage that ranges between one to five years.
- A Guaranteed Renewability Term Life: Plan with a duration of coverage of five years, after which re-newability is guaranteed until the age of 75 regardless of the insured person's health condition.
- In case of total and permanent disability of the insured person (inability to secure gainful employment), the premium will be waived for up to five years.
- One of the following cover limits can be chosen:
$10,000, $20,000, $30,000, or $40,000.
Comparative Advantage:
- Worldwide coverage.
- Renewability of policy irrespective of insured's health status.
- Monthly premiums as low as $ 2.15.
- Automatic collection of monthly premiums from your BML account at no extra cost.
- Optional coverage:
o Passive war risks.
o Total permanent disability (in any occupation).
Requirements:
- BML clients only.
- Age bracket: 20-50 years.
- Lebanese residing in Lebanon.
- Completion of a health questionnaire.