Union Insurance

Life Insurance

We all have people we care about, and it’s human nature that we want to protect them even when we’re not around.


The Union Insurance Life Insurance policy is perfectly tailored to support your loved ones to meet their financial commitments, whether they include mortgage repayments, school fees, unpaid debt, or other expenses. Our comprehensive coverage is designed to provide your family with firm support through every contingency.

Single Premium Plan

If you’re ever surprised with a financial windfall, the smartest thing to do is invest it, instead of spending it extravagantly or letting it lie idle. A proper investment will enable you to increase the surplus amount you’ve received, over a period of time. The Single Premium Plan is a hassle-free unit-linked plan designed to help you make that investment, and reap the benefits throughout the policy term. It is a one-time payment that allows you to sit back, while your money multiplies.

  • Benefit Highlights

Key Benefits

The ability to consolidate your investments

with a single payment, and to monitor their performance effortlessly.

The opportunity to build your portfolio from a range of investment choices,

resulting in either regular income or capital growth, whichever suits you best.

Easy access

to your funds during the policy term for any short-term needs.

Inbuilt benefits

including free death benefit and a life insurance benefit.

The straightforward management of investments

through the option of changing funds according to your requirements.

The freedom to purchase

the plan without undergoing any medical test whatsoever, subject to terms and conditions.

Our Team

We have a dedicated and well-organized team set-up, comprising specialized teams for specific solutions, as well as customer support to provide you with assistance whenever you require it.

An experienced operations team to implement processes and programs that ensure helpful solutions, tailored to our clients’ specific needs.

A strong technical and analytical underwriting (UW) team with rich experience in risk assessment and analysis, to help both individuals and employees purchase health insurance products.

A dedicated client services team that fulfills our client-centric approach through its dedication to providing support to clients, incorporating their feedback.

A highly experienced claims team that develops and executes a highly efficient claims process without delay.


  • What is this product and how does it work?addremove

    The Single Premium Plan is a whole of life assurance policy providing benefits on the death of the relevant life insured. The policy provides for the payment of a death benefit of 101% of the cash value.

  • How long will it take to resolve queries and complaints?addremove

    Your query or complaint will be acknowledged 48 hours after it is received. The acknowledgment will include the time frame for the resolution of your problem. 

  • Can I change my mind and cancel the plan?addremove

    Yes. If you find the plan does not suit you, you may request a cancellation through the Free Look Cancellation Form which is provided with your policy. It should be signed by policyholders and received by us within the free-look period, i.e. 30 days from the policy commencement date. 

    Please send your request directly to the Life Underwriting Team, Union Insurance Company P.S.C,  Single Business Tower, Sheikh Zayed Road, Business Bay, Dubai, PO Box 119227, UAE. We will then refund the premium paid. If there is any exchange loss on converting to the base currency, that loss/gain will be at your expense. 

  • Who can invest in this policy?addremove

    You are eligible to invest in this plan if you are a UAE resident or a non-resident. This plan is not offered to US nationals. However, do check with us for information on eligibility as it is updated often. 

  • Can my partner and I have the same policy?addremove

    The Single Premium Plan is available for both single and joint life policies on a first death basis. For joint life policies, the life assured should be a policy owner, while the other life assured should be an immediate family member of the other policy owner (i.e. mother, father, son, daughter, or spouse). 

  • How many days does it take for the policy to be issued?addremove

    The underwriting turnaround time is 4 working days from the date of receipt of the application and all documents. Once the premium amount has been received, the e-policy shall be issued within 2 working days.

  • How can I view the policy details and investment valuation?addremove

    All you need to do is send us an email at, with your policy number in the subject line, to receive your fund valuation.

  • What are the other investment currency options?addremove

    US dollars only. If we have to convert the premium to another currency to purchase units, a currency conversion will be required which could expose you to exchange rate fluctuations.

  • Can I top-up my investment in this plan?addremove

    No, there is no top-up option for this plan.

  • How do I invest in this plan?addremove

    If you are a resident of UAE, you can make premium payments through bank transfers or local AED cheques. If you are not a resident, payment is only accepted through bank transfers in USD. Union Insurance reserves the right to change the rate of exchange. 

  • How and where will my money be invested?addremove

    We offer a variety of investment options 

    Detailed fact sheets of these funds are available separately. Before selecting the funds or other investments, we recommend that you read the fund information carefully and understand the nature of underlying investments and risks associated with such investments. You may also seek independent financial, tax, and other related advice, before making a decision.

  • What are the fees and charges?addremove
    •   Policy Issue Fee
    •   An Establishment Charge applied annually in all five years of the plan term.
    •   Maintenance Charges
    •   Mortality Charges
    •   Early Surrender Charges 
  • Can I encash my single premium plan during the plan term?addremove

    You can make a part surrender withdrawal without fully surrendering the plan. The plan allows for a withdrawal of up to 80% of the asset fund value without any surrender charges, subject to terms and conditions. 

  • What happens to my single premium plan in the event of a death?addremove

    A benefit equivalent to 101% of the plan’s cash value shall be paid out, and the policy will be terminated. If you have chosen the additional life insurance benefit, the plan will pay the amount, subject to the claim filed by beneficiaries or joint policy owners.

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phone 800 UIC4U (84248)