Step into a world where your financial security reigns supreme. At Warba, we take immense pride in presenting our all-encompassing and empowering Life Insurance services. In today’s competitive business environment, institutions aim to attract the best talent with the optimum blend of rewards & benefits. Life Insurance is often one of the basic benefits provided by an organization to its employees. It is designed to provide an employee & his loved ones with financial protection in case of unexpected death or injury. The employer can also protect himself against the legal liability of the compensations to be provided (in case of injury at work to his employees) under Kuwait Labor Law. Group Life insurance policy builds this cloud of protection for the employee and employer at a low cost & effective manner. Warba provides a Comprehensive Group Life Cover including Life Insurance Benefits, Personal Accident Benefits, Workmen’s Compensation & Employer Liability cover. The Group Life Policies of Warba is also backed by A-Rated Global Reinsurers, which enhances the credibility and reliability of Warba’s Group Life Products. Warba Insurance Company also offers A Group Credit Life Insurance Policy which is typically designed to protect financial institutions (such as banks and lending entities) and their customers in the event of unforeseen circumstances that impact on the borrower's ability to repay their loans. This policy provides a financial safety net, ensuring loan repayment in case of the borrower's untimely death or other covered events
Benefits:
1-Financial Security
Life Insurance is a powerful tool that provides a safety net for your loved ones in the event of your untimely passing. Our Life Insurance plans offer a lump-sum benefit that can be used to replace lost income, cover daily living expenses, pay off debts and maintain the standard of living your family is accustomed to.
2-Customizable Coverage
Our Life Insurance plans are highly customizable, allowing you to tailor the coverage to suit your specific needs and budget. You have the flexibility to choose the coverage amount, policy duration, and additional riders or benefits to create a plan that aligns with your goals and priorities.
3-Peace of Mind
Life Insurance offers peace of mind, knowing that your loved ones will be taken care of financially when they need it the most. It provides you with the confidence that comes from knowing that you have made provisions for their future, regardless of what may happen.
4-Benefits to Stakeholders:
Lenders:
Reduces the risk of non-performing loans and ensures seamless loan recovery.
Borrowers:
Provides financial protection for loved ones and ensures their assets are safeguarded from repossession due to unpaid debts.
