The only fully 'A' rated insurance company in the UAE and one of only three in the Middle East, Arab Orient Insurance Company (AOIC) has launched a new range of seven life insurance products, giving customers a wide selection of comprehensive life assurance options. A variety of tailor-made income and death benefits come with flexible payment and currency choices (USD or AED) as well as the ability to add supplementary benefits to the wide range of existing benefits.

The new products range from basic term life plans covering risks, conventional plans, such as endowment, anticipated endowment and educational plans, to unit-linked investment and retirement plans.

Speaking to industry leaders at a special launch ceremony in Dubai, Omer Elamin, Senior Managing Director, Arab Orient Insurance Company said: "We understand that customers are looking for life insurance solutions from a trusted source. We appreciate the loyalty of our customers and our goal is to provide them with comprehensive insurance solutions that meet every budget."

During his speech, Omer Elamin stressed that AOIC is committed to expanding its product suite, as well as the company's customer base, whilst providing exceptional levels of service. Commenting that the industry needed more innovative products such as the new range from AOIC, and offering advice to stay away from complex financial products, he said:

"Simple products are not only easier for policyholders to understand, but the risks involved are also better understood by the insurers and therefore better managed. Our new products offer customers flexibility and give them control over decisions affecting premiums. We are confident the new life insurance products will offer something for everyone and that the ultimate winner will be the policyholder and their dependents."

As well as flexible payment options, the new products offer worldwide coverage for GCC residents, the possibility to protect plans from inflation by indexation and variable term options to choose from until the age of 70. Customers can also make partial withdrawals by way of a loan.

Click here for full details of AOIC's new life insurance product range