Nexus launches online offering for instant life cover in the UAE
Nexus, the largest financial adviser in the GCC region, has teamed up with Zurich International Life to offer instant life insurance online with no medical check needed.
YourLife is a simple, fast and innovative solution. In just three easy steps, UAE residents can protect protect the financial wellbeing of their family.
Tarun Khanna, CEO of Nexus, commented: “Customers’ protection needs come into sharp focus when major changes occur in life, for example getting married or starting a family, especially when they are living and working away from home. YourLife is a market leading innovative proposition. By embracing technology, we can help customers feel confident about protecting their families quickly, simply and at a fixed price should the unimaginable occur.”
Customers will be able to purchase insurance instantly without the need for medical evidence or more detailed health checks; they will receive their policy schedule immediately, with no requirement to meet with an adviser. A review of the amount of cover selected by Zurich customers in their 2018 claims insights showed the reality that under-insurance is a pressing issue. Many claimants were under-insured, with two thirds of death claims under $200,000.
Until now customers in the UAE haven’t been able to purchase life assurance online, and YourLife seeks to change this landscape by providing instant peace of mind for customers who do not have complex life insurance protection needs.