Endowment Assurance

ENDOWMENT ASSURANCE PLAN is a unique personal protection, savings and investment plan. It doubles as a savings or investment plan while offering guaranteed life assurance coverage

Add various other optional benefits to the plan thereby getting protection for a number of probable risks the policyholder may encounter during the policy term.

Maturity value plus terminal bonuses can be used for a specific purpose such as higher education of your children, child’s marriage, retirement or the special holiday you were longing to take. Overall this plan can help you achieve your goals and TURN YOUR DREAM INTO REALITY.

So whether it is for an emergency fund, for the charity to the trust, to pay off your mortgage, for the world-trip with your spouse or for any other need, you may take full advantage of saving with our ENDOWMENT ASSURANCE PLATINUM PLAN.

Life Assurance

Premium Currency UAE Dhirams
US Dollars
Entry Age Minimum: 5 years
Maximum: 65 years
Maximum Maturity Age 80 years
Policy Term Any term between 5 years to 30 years
Policy Payment Term Single Pay
3 years pay
5 years pay
8 years pay & Full Term Pay
Premium Payment Mode Single Pay
Half-yearly & Annual
Guaranteed Survival Benefit 100% of Sum Assured + Terminal Bonus at the end of Policy Term
Death Benefit Sum Assured + Terminal Bonuses
Additional (Optional) Benefits Critical Illness 40
Permanent/ Partial Total Disability
Accidental Death and Dismemberment
Triple Accident Benefit
Waiver of Premium Benefit
Passive War Benefit
Family Income Benefit
Premium Interruption Policy Revival period of 2 years
Automatic Premium Loan
Paid up option
Surrender option
Extended Term Cover
For Critical Illness cover Maximum entry age is 65 years
Maximum coverage age is 70 years
Up to 50% of basic Sum Assured can be availed

ENDOWMENT ASSURANCE PLATINUM PLAN has been specifically designed to provide you with highest cash value when it is most needed. This plan ensure to pay a level of Sum Assured and bonuses to the beneficiary in case of untimely dismissal of Policy Holder during the policy term and, additionally, pays the same benefits if the insured survives the policy term.

This simple but efficient plan from ALLIANCE INSURANCE offers the customer the avenue to save their money, in USD or AED, over a pre-determined period of time allowing it to accumulate and grow. In case of untimely death of the policyholder the beneficiary is assured to receive of the life assurance amount along with accrued terminal bonuses.

The guaranteed sum assured amount offers the security for your savings while the annual terminal bonus, declared every year, offers decent returns for the amount saved. These bonuses, which are declared annually, are accrued and paid along with the final maturity.


  1. Choose the Basic Sum Assured based on your needs
  2. Choose the Policy Term as per your requirements
  3. Choose the premium payment terms as per your convenience
  4. Your premium will be calculated based on the Age, Basic Sum Assured, Policy Term and Payment Period. (subject to underwriting requirements if any)
  5. Complete the documentation along with the other prerequisites
  6. Pay your premiums regularly/regularly
  7. Enjoy maturity Amounts at specified regular intervals + Bonus along with final maturity
  8. Stay protected throughout the policy term

This unique feature enables customers to choose shorter Premium Payment Term based on their convenience irrespective of the Policy Benefit Term.

Other than the regular premium payment option, the customer can choose to pay the premiums in one of the four shorter periods mentioned below:-

  1. Single premium –One lump sum payment
  2. Three years premium payment – You can pay the premiums in just three years
  3. Five years premium payment – The premiums can be paid over a five year period.
  4. Eight years premium payment – The premium can be paid over eight years period.

On an aggregate, the customer pays reduced premiums under shorter premium payment option as compared to regular premium payment option, making the returns attractive.

These limited period premium payment option help customers to complete their premium payment well in advance so that they can enjoy the basic benefits of the plan without the hassle of paying the premium for the remainder of the term.

Sum Assured

In the event of untimely death during the policy term, the full sum assured plus terminal bonuses will be paid to the beneficiaries providing protection to the family. This is a worldwide cover with benefits payable in any country (Standard exclusion apply). The benefits are subject to payment of full premiums.

Maturity Benefits

Maturity payment will be paid at the end of plan term based on the Sum Assured amount on survival of the policyholder.

Annual Bonus*

Each year, Alliance Insurance declares a terminal bonus which is paid when the policy matures or when the death claim of the policyholder is paid. The bonus depends on the performance of the business and is declared at Company’s discretion.

Policy Loans**

If the policyholder needs money at short notice, it is possible to obtain a loan against the cash value of the policy.

Policy Surrender

. The policyholder can surrender the policy for its cash value which will be based on a pre-defined cash value chart provided at the time of policy inception.

Automatic Premium Loan

In case of financial difficulty in paying the premiums, the Automatic Premium Loan option will enable the policyholder to pay the premium from the cash value of the policy. The APL shall continue subject to the availability of net Cash Value

Paid up Option & Extended Term Cover (ETA)***

Upon acquiring a cash value, if the policyholder is unable to continue with the premium payment they can choose convert the policy into Paid-Up status. The Sum Assured (for death and maturity) in this case will be reduced to the value of Paid-up Amount.

The policy holder also has the option to choose the Extended Term Cover option which enables the Death Benefit to continue at 100%, while the pure Endowment (ETA) value, if any, shall be paid on maturity. The term of coverage and pure endowment are dependent upon available net cash value at the time of conversion.

Policy Revival Period in case of Policy Lapse

The lapsed policy can be revived within 2 years of the last premium paid by paying the premiums due along with the penalty subject to “Declaration of Good Health”.

Foot Notes:

*The bonus cannot be used to offset future premiums, neither can it be encashed prior to maturity

** The loan interest rate shall be set at Company’s discretion.

*** Bonus is not payable upon Paid-up or ETA.