Dubai Insurance Company and William Russell, a family-run insurance company, have rolled out May 2009 Global Life insurance plans for residents of GCC countries (customers.
The new plans primarily benefit high-earning expatriates and local nationals in GCC nations.
As per the new plan, customers can insure life for up to 20 times their salary including commissions and regular bonus payments, to a new increased maximum benefit limit of $1.5 million.
Premium has been increased by 15% for Global Life and Global Income Protection plans, and the payment term is reduced for five years. Global Life policy is available at a minimum premium of $27 per month while Global Income Protection plan comes at $27.
William Russell provides insurance plans for expatriates of all nationalities. The company administers its plans while Dubai Insurance Company insures the plans in GCC nations.