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Nexus launches innovative online offering, YourLife, instant life cover in the UAE


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Nexus, the largest Financial Adviser in the GCC region, has teamed up with Zurich International Life Ltd. (Zurich) to offer instant life insurance online with no medical check needed.  YourLife is a simple, fast and innovative solution. In just three easy steps, UAE residents can protect protect the financial wellbeing of their family.

Tarun Khanna, CEO of Nexus comments “Customers’ protection needs come into sharp focus when major changes occur in life, for example getting married or starting a family, especially when they are living and working away from home. YourLife is a market leading innovative proposition. By embracing technology, we can help customers feel confident about protecting their families quickly, simply and at a fixed price should the unimaginable occur.”

Customers will be able to purchase insurance instantly without the need for medical evidence or more detailed health checks; they will receive their policy schedule immediately, with no requirement to meet with an adviser. A review of the amount of cover selected by Zurich customers in their 2018 claims insights showed the reality that underinsurance is a pressing issue. Many claimants were underinsured, with two thirds of death claims under USD 200,000. Is USD 200,000 enough cover? It might be. However, most of Zurich’s claimants were under the age of 60 with young families to support. With busy work and family lives, consumer spending habits have changed. They need alternative ways to study and choose what’s important to them, with the majority of people choosing to do this online. The e-commerce market in the UAE is expected to reach USD 10 billion in value in 2018, according to analysis by Frost and Sullivan, having grown four-fold from USD 2.5 billion in 2014. Whilst it’s becoming easier for consumers to purchase a growing number of services and products from financial services companies, until now customers in the UAE haven’t been able  to purchase life assurance online YourLife changes this landscape by providing instant peace of mind for customers who do not have complex life insurance protection needs and use the internet every day for managing other areas of their busy lives.

The Nexus Group, with its core operations of Nexus Insurance Brokers and Nexus Financial Services, is the largest financial advisor in the GCC region. It offers a range of insurance, savings and investment products to both corporate and individual clients, sourced from a range of international and domestic product providers.

For more information on YourLife, please go to  https://yourlife-me.zurichinternational.com/

About Nexus Group

Nexus Group is the largest financial advisor in the GCC region, offering a composite suite of insurance, savings and investment products to both corporate and individual clients.

With fully qualified professionals, Nexus is a highly-trusted company. And as an independent organization, free from ties to a particular product provider, it can meet diverse customer needs with carefully selected solutions from the world’s foremost financial services & insurance companies.

Nexus has over 350 qualified professional consultants and is supported by over 160 dedicated and skilled support staff and managers across Nexus Group offices, offering a broad range of licensed products from regulated providers.

The company was established in 2006 by Mahmoud Nodjoumi, Founder and Chairman, through a management buy-out of the distribution arm of Zurich International Life in the Middle East which had been established in the region since 1989.

With over twenty-five years of experience, Nexus operations are located in Dubai, Abu Dhabi, the Kingdom of Bahrain and Kuwait to underpin a professional and high level of service to our clients.

Nexus Group is regulated for the provision of life insurance, savings plans, corporate pensions, group medical, and life programs, as well as various classes of commercial insurance, including employee benefits.

www.nexusadvice.com

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Name: Nexus
Phone: +971 2 626 66 69
Website: https://www.nexusadvice.com/