Life insurances are important types of personal insurance policies that most people buy for the purpose of investing and receiving annuity. But earning profit and income is not the only advantage of life insurance policies. In fact, if we want to have a more correct and accurate look at the details of life insurance, we must first go to its name. What is offered in Iran under the name of life insurance; In the world, it is known as life insurance to promise the high importance of the insured person's life. The life during which the insured person is supposed to benefit from the benefits and additional coverage of the life insurance policy. There are different types of life insurance and each insurance company offers its own plans. But among all these insurers, there is a distinct insurance company that specializes in life insurance. A company known as "Middle East Life Insurance".
As its name suggests, Middle Eastern Bank is one of the main shareholders of this insurance company. In addition to Middle East Bank, the names of the following companies are also visible among the shareholders of Middle East Insurance:
- Iran Industrial Development Investment Company (Public Stock)
- Toos Asphalt Company (Private Stock)
- Company Sam Group (private equity)
- Entrepreneurs of Metal Smelting Industry (private equity)
- Arman Roshan Arg Capital Company (private equity)
Types of Middle East life insurance
Middle East supplementary pension and pension insurance
If you are thinking about supplementary salary and pension for your retirement, Middle East supplementary pension insurance is for you. It is possible to buy this insurance policy from birth to the insured's 80th birthday so that all people of all age groups can use its benefits. Middle East Life Insurance As the name suggests, Middle East term life insurance is considered for a limited time and during this time it only provides coverage for the death of the insured. That is, in case of death of the insured during the validity period of the insurance policy, the life capital will be paid to the beneficiaries. It is considered for the entire lifetime of the insured person (up to 106 years old) and at the time of death, the death capital will be paid to the beneficiaries of the insurance policy.
Middle East debtor's life insurance
Debtor's life insurance is the guarantee that banks and credit institutions need for providing loans. Imagine that someone borrowed a certain amount from the bank. If the borrower dies before the installments are fully settled with the bank; The remaining installments will be paid by his survivors.
To solve this problem, you can buy Middle East debtor's life insurance by paying a small premium. This plan, which is considered one of the types of life insurance; It is adjusted based on the details of the loan amount and its repayment time. In this order, for each installment that is paid, a certain amount of the insurance capital is reduced, and with the payment of the last installment by the borrower, the life capital amount reaches zero.