Life Assurance

The contract of life assurance offers protection for the assured and his family . The National Insurance Company prepared group of policies and insurance covers to help people to choose the proper insurance for them and their family , through the life assurance branch in Baghdad and its branches distributed in all the governorates.  

Protect yourself and family from terrorism

It is a pleasure for the company to add and in unprecedent step the terrorism risk for the life assurance policies as additional benefit against competitive rates .

Types of life Assurance  :

1-   Individul Insurance Policies.

A-   Endowment Assurance

This cover is suitable for all ages and it ensures the saving benefit for them.
The company undertakes to pay sum insured in one of these two cases :
-   At the end of insurance period if the assured is still survived plus a fixed interest .
-   Directly upon death of the assured during the insurance period.

B   Mutual Endowment Insurance .

This insurance offers a protection for two persons having a relationship likes a wife and her husband or two partners . The company undertakes to pay the sum insured in one of these cases:-
-   At the end of insurance period if the assured is still alive
   plus a fixed interest .
-   Directly on death for one of the assureds during the insurance period .

C-   Term Insurance .

This cover is suitable for people with a limited revenue who like to protect their families after their death with a less possible cost .
According to this insurance the sum insured will be paid to the beneficiaries in case the assured died during the insurance period and in case of the survival at the end of the period the contract ceases without obligation .

D-   Term Insurance with returnable premium for the survival at the end of the period .

According to this type the company undertakes to pay the sum insured to the beneficiary if the insured dies during the period of insurance , and in case of survival at the end  of insurance , the company shall return all the paid premium during the insured period on annual payment in full.
This cover is suitable for young people to get a protection for their families by the endowment insurance with less cost and premium , and also for the old eged people .Since the premium will be returned in case of survival at the end of the period and which will be higher than the sum insured 

E-   Pure Endowment Assurance

According to this type of insurance , the company undertakes to pay back all the paid premium to the beneficiary in case of death during the insurance period , but in case of survival at the end of insurance the company shall pay the sum insured to the assured person.

F-   Whole life Assurance

According to this cover the company undertakes to pay the insured to the beneficiary upon the death of the assured. This type doesn't limit aspecific period the insurance period start from the date of contract and the assured shall continue to pay the premium until his death , and at that time the sum insured will be paid to the beneficiary . Time type of insurance is suitable for the people who are capable to pay the premium even in the advanced age . They want to save highest possible protection for unlimited time .
 

G-  Retirement Salary Slips.

The price for one slip is ID. 100.
The applicant of insurance can buy the quantity he want's . When the assured reaches the age of 60 years , the company shall pay monthly salaries for 15 years or during life which ever is long .

Special Supplementary

1-   Periodical lottery draw.
2-   Discretional prizes to the assured.
3-   Various corporeal prizes.

2- Group Insurance Policies

A- Group policy :

                It covers natural death only .

 B- Numerous Benefits group policy :

                 It includes following benefits:
-      Natural death and Death by accident
-     Total or partial continuous disablement arising out of accident .
-     Retirement compensation for the employee who is pensioned off because he  attain the legal age for retirement 63 years or for medical causes.
-  Monthly salary for the employee who is pensioned off for above mentioned reasons or who completed 30 years or more than that in service.

H- Health Insurance Policy :

It  covers the major surgical operations and the super and the immediate which carried out under the general an aesthetic in the governmental and private hospitals .