Alliance Insurance - QUANTUM FOUR PLAN

QUANTUM FOUR PLAN

- For people who have a proper perspective in life

In our lifetime, we do the best we can for ourselves, for our children, and in the proud Eastern cultures, for our elders. Doing the best we can for ourselves implies that we cherish the important things in life; to live, to love, to learn and to leave a legacy. To achieve balance in these things, we develop and adopt qualities such as self-awareness, conscience, independent-will and creativity to take advantage of opportunities in life.

For our children, it is a universally held belief that parents wish to turn their children into balanced-champions. This is not easy because to be balanced-champions, we need to inculcate in our children; self-esteem, primary greatness (a truly principled-centered character), develop own interests and many other desirable habits. For our elders, we simply, seek to live a life that is aligned with their vision and support them through old age by providing them with the necessary finances to lead a dignified life.

To achieve a balanced life that promotes our own interests, develops our children into individuals capable of contributing positively to the society and to support our elders, one thing is central to all these legitimate natural desires and aspirations - this thing is money. Money needs to be available in sufficient quantity and at the right time to give you the vital control on your plans to ensure fulfillment of your cherished goals.

It is against this background that we have developed our Quantum Four Plan, a four-payment plan.

QUANTUM FOUR PLAN IS IDEAL FOR

  • Purchase of your first or second home
  • Your own or your children's marriage
  • Your children's education .
  • For a comfortable own retirement
  • A gift of a lifetime for a loved one
  • For any purpose requiring a sizable capital

QUANTUM FOUR PLAN BENEFITS

  • The Quantum Four Plan is designed to provide you with seven cogent benefits through afour payment schedule during the policy term. The payments will be made after each quarter of the policy term at a rate of 15% for the first two payments, 20% for the third payment and 50% plus the Terminal Bonus as a final payment.
  • The Plan will maintain 100% Death Sum Assured even after making interim payments.
  • The best-laid plans can sometimes be affected by cash crisis. If you suffer from such a crisis then we will be able to offer you a loan from the Plan, subject to terms and conditions.
  • The Plan acquires a surrender value after two years premiums have been paid.
  • Should the unthinkable happen i.e. you perish, then we will pay out the full Sum Assured with the Terminal Bonus.
  • You can elect to put in place a whole host of additional benefits at extra charge and naturally these will benefit you subject to terms and conditions attached to each.

PLAN DETAILS

HOW MUCH DO YOU NEED TO INVEST?

This is very much up to you and it depends on how much money you need for your aspirations to be met. The Plan only seeks to secure a minimum of US$ 650 per annum or if you elect to have a more convenient semi-annual payments then US( 400 every six months.

PLAN TERM

Alliance wishes to be flexible on this front and will accept plan terms that are 12,16,20 or 24 years

HOW OLD DO YOU NEED TO BE AN INVESTOR?

You need to be 58 years maximum age to commence this Plan with a minimum duration of 12 years. The maximum age to enjoy benefits is 70 years.

PLAN CURRENCY

Although the base currency of the Plan is US Dollars, Alliance will also accept the following currencies into the Plan:

  • UAE Dirham
  • Pound Sterling
  • United States Dollar

ADDITIONAL BENEFITS

The Quantum Four Plan enables you to effect no less than seven major additional benefits to ensure that you cover yourself against the unforeseen circumstances. You do need to pay extra premium for these benefits, but these are well worth taking out for those eventualities that we cannot predict. These benefits are Accidental Death Benefit, Accidental Death in a Public-Transport Benefit, Accidental Dismemberment Benefit, Total or Temporary Disablement Benefit, Family Income Benefit, Critical Illness Benefit and Waiver of Premium Benefit.

ACCIDENTAL DEATH BENEFIT

Should you meet your end through an accident, Alliance will payout two times the basic Death Sum Assured.

ACCIDENTAL DEATH IN A PUBLIC-TRANSPORT BENEFIT

If death occurs whilst travelling in a Public Transport then Alliance will payout three times the basic Death Sum Assured.

ACCIDENTAL DISMEMBERMENT BENEFIT

If you lose any two limbs as a consequence of an accident then Alliance will pay the Death Sum Assured and continue to retain the policy in force.

TOTAL OR TEMPORARY DISABLEMENT BENEFIT

Should you suffer from such a disability, Alliance will help you to improve your cash flow by paying out a weekly income equal to half a percent of the Death Sum Assured.

FAMILY INCOME BENEFIT

This benefit is in addition to the basic Death Sum Assured and is designed to provide the family with a regular in-flow of income to meet on-going living expenses

CRITICAL ILLNESS BENEFIT

With increased affluence, improved hygiene conditions and vastly improved medical facilities aided by breakthroughs, people tend to live longer these days even after suffering from illnesses that once claimed lives like heart attack and kidney failure. But what happens is that financial burden goes up when this happens, so Alliance has attached the Critical Illness as a rider plan that you can have to ensure that should you suffer from any of the conditions given below then Alliance will pay out the Sum Assured under this rider, subject to its terms and conditions:

  • Cancer
  • Multiple Sclerosis
  • Paralysis
  • Coma
  • Major Bums
  • Blindness
  • Myocardinal Infarction
  • Coronary Artery (Bypass) Surgery
  • Stroke
  • Renal Failure
  • Major Organ Transplantation

WAIVER OF PREMIUM BENEFIT

Should you suffer from illness for a lengthy period or are unable to work owing to an accident then it is most likely that payment of premiums will become a burden on you. To alleviate you from this potential worry, we have included an option on this Plan for you to have a waiver of premium. If you elect to have this option, then Alliance will pay your premiums after three months incapacity until you return to work or the Plan matures, whichever occurs earlier.

HOW TO ACCESS THE QUANTUM FOUR PLAN

You can access the Quantum Four Plan either by contacting Alliance Head Office or one of our branches distributed throughout the UAE. Click here for The contact details of the Head Office and branches.Click here for an example of how the plan works