Why buying a life insurance?

SAMAN life insurances are a simple and economic way to ensure provision of your family life in future, even if you pass away. SAMAN life insurance is a safe backing to remove your concerns during the period of retirement. This insurance policy is arranged to protect financial security of people whom you love more. Life insurance pays beneficiaries and heirs a financial tax exempt profit when insured dies. The amount of profit is different according to the type of insurance policy, period of insurance and paid premium.

Saman Universal Life Insurance

Excellent and unique project of SAMAN universal life insurance that designed according to flexible universal model is one of the most favorable life insurance around the world . SAMAN universal life insurance policy is a kind of whole life insurance.This insurance policy offers you a guaranteed and flexible coverage based on your expences .

Conditions of universal life insurance:

* Selection of specific Fund according to paid profit (Considerable payment profit according to selected Fund)

* Possibility to take loan up to 90% of Reserve after the first year

* Withdrawal from Reserve after the first year

* Possibility to change the entire or a part of Reserve account to Annuity and retirement

* Payment of a capital up to 100 times of insurance premium if Accidental Death happen

* Payment of disability capital equal with death benefit of policy for each year in cases of permanent disability

* Complete disability vavor of premium coverage for 10 years due to disease or accident

* Payment of pension/Annuity equal with two times of the last insurance premium for 10 years in cases of complete disability due to disease or accident

* Payment of medical expenses for critical illnesses up to 210,000,000 Rials

* The life insurance policy and all it’s reserve due to deposit are Tax-Free

* SAMAN Credit Cards

* Flexibility of insurance premium payment based on income of any person

*  Age flexibility from birth date till 70th  years old

Out-of-Coverage Cases

Suicide: If it is obvious that insured death is due to suicide, death benefit will not be payable. In such cases, only reserve till that time will be paid to beneficiaries.

Death of insured caused by policy holder or beneficiaries

Unusual travel: Risks arising from air travels except those cases in which customer buys a ticket as an ordinary passenger to fly in authorized commercial air lines.

Dangerous Activities: If the death is caused due to discovery flies or any type of practices of diving, flying, parachuting (free falling), kiting or other motorless planes, death benefit will not be paid.

Dangerous Occupations: If the occupation of insured is dangerous according to insurer, insurance policy will be issued merely attached to an emdorsement of occupational exceptions.

Illegal Activities: If insured dies due to taking part in criminal activities, the insurer will have no commitment to pay death benefit.

War: If insured dies due to defensive operations or any accident with military nature.

Nuclear Radiations: If insured dies due to nuclear explosion or radiations.



Commitments of Saman universal life insurance

Paying the first installment of insurance premium after your policy issuance, you will be covered by life insurance policy.

Followings are covered in this type of insurance policy:

Taking Loan:

Possibility of taking a loan up to 90% of first year reserve with no need to be guaranteed by somebody else and also the possibility to use loan facilities for insured and for the others.

Withdrawal from Reserve:

After the first year you can withdraw your reserve like a deposit account.

Withdrawal after the first year up to the end of seventh year for 90% to 96% of reserve.

Withdrawal after the eighth year for 100% of reserve with no limit.

Life Pension/Annuity or Retirement:

The entire or a part of reserve may change to pension/Annuity or retirement by written request of insured after the tenth year.

Accidental Death:

Payment of accidental death benefit (up to 4 times of natural death benefit) + reserve, not required to pass legal procedure of sole inheritance and with no limit in payment level if Accidental death happen for insured.

Vavor of premium and Disability :

Vavor of premium for insured for ten years in cases of complete disability due to illnesses or accidents

Payment of pension/Annuity 2 times of the last insurance premium in cases of complete disability due to illnesses or accidents for ten years .

Payment of 100% of death benefit  in cases of Accidental disability.

Critical Illnesses:

Payment of medical Expenses for Critical Illnesses (heart attack, cerebral apoplexy, surgery of cordial vessels, transplant of main body parts and all types of cancer) up to 210,000,000 Rials

Free Rider of  last year of life:

Payment of 25% of death benefit to insured if it is obvious that insured is living in his/her last year of life.

Tax Free:

Tax free of life insurance death benefit and Reserves according to article 136 of Law of Direct Taxes

Credit Card:

SAMAN credit card will be issued to the insured if his/her instalment be annually or semi annually costing at least 5,000,000 Rials per year, with the insured’s requirements according to following conditions :

Insurance policies with 5,000,000 Rials annual premium, credit card with 3,000,000 Rials credit

Insurance policies with 8,000,000 Rials or more annual premium, credit card with maximum 5,000,000 Rials credit

Temporary insurance policy presentable while completing the questionnaire:

50,000,000 Rials insurance cover for accidental death without issuance of insurance policy form the date to complete questionnaire and partly payment of insurance premium until issuance of universal life insurance.

Flexibility to pay premium:

Flexibility to pay premium based on income of insured

Possibility to pay premium in monthly, bimonthly, quarterly , semiannually or annually installments as insured wishes

Possibility to choose fixed premium or ascending premium (from 0 to 15% according to inflation rate, inflation rate + 1%, and inflation rate + 2%) as insured’s wishes

Minimum annual premium to start the policy costing one million Rials

Maximum annual premium to start the policy equal with requested death benefit

Flexibility in the rate of death benefit:

possibility to choose death benefit from 1up to 40 times of insurance premium

Possibility to choose fixed or ascending rate of death benefit (from 0 to 15% according to inflation rate, inflation rate + 1%, and inflation rate + 2%) as insured’s wishes

Non-limited Age:

Possibility to be insured from the birth time up to 70th year of age

Non-limited period for insurance policy:

Possibility to choose period of policy based on the age of insured from 5 to 70 years.

Rate of Insurance Premium

SAMAN universal life insurance is defined based on conditions of insured. SAMAN universal life insurance is completely flexible and easy-to-change. It means that insured is able to define his/her own terms and conditions and insurance premium.

Followings are some factors to define insurance premium:

- Age of customer

- Period of insurance policy

- Occupation of insured

- Requested premium payable by insured (based on the income of insured)

- Extra required riders

Follow this link to send your conditions for our expert till we inform you about payable premiums and the procedure of buying an insurance policy.





Indemnification under Universal life insurance policy

For damage declaration , the respected insured of policies of life and formation of capital of Saman Insurance is required to fill out the form of damage declaration and to provide required documents to send, then, the same to the headquarters in Tehran and/or branches of Saman Insurance in cities. All indemnification files are delibrate in Tehran headquarters.

Documents required for reception of accidental death benefit or death for any other reason

- Filled out application form of the insured (to be filled out by beneficiaries)

- Original of policy and any other attachments specially endorsement

- Death certificate confirmed by a civil registration status and/or a consulate of Iran abroad embassies (original or a certified copy)

- Certificate of the Organization of Civil Status (original or a certified copy)
- Probate (in cases where the benefits of insurance belongs to the legal inheritors) (original or a certified copy)
- All hospital documents (originals or certified copies)
- In a case where death caused by an incident, original or a certified copy of report of incident leading to injuries or deaths
- Opinion of attending physician and/or forensic physician (original or a certified copy)
- Certified copies of ID card and national card of the insured and beneficiaries

Documents required for declaration of ciritical illnesses rider:

- Filled out application form of the insured
- Opinion of attending physician and/or forensic physician (original or a certified copy)
- All hospital documents (original or a certified copy)
- Original of the statement of treatment charges/medical expences

Documents required for declaration of Accidental disability rider:

- Filled out application form of the insured
- Opinion of attending physician and/or forensic physician (original or a certified copy)
- All hospital documents (original or a certified copy)
- Original of documents relating to occurrence of incidents

Documents required for declaration of vavor of premium rider :

- Filled out application form of the insured

- Opinion of attending physician and/or forensic physician (original or a certified copy)

- All hospital documents (original or a certified copy)

Procedures and steps of indemnification:

- The insured declares in writing by relevant forms damage and sends initial documents.

- Saman underwriter record the case and form an indemnification file.

- Underwriters will study the file and calculate indemnity.

- A trustee physician studies the file.

- After appraisal, the Director of Life Policies will evaluate the indemnity and completes documentation.

- An order of indemnification is issued.

Duties of the insured in cases where incidents occur and how to declare damage:

The insured is required to hand over requested documents to his/her agent or a branch of Saman Insurance as soon as possible however not later than 6 months after occurrence of damage.

The interval between the formation of file and payment of indemnity:

If no further documents are needed after the formation of file, the indemnity will be paid latest within one month.



فرم درخواست مشاوره رايگان بيمه عمر و تشکيل سرمايه

نوع درخواست نوع درخواست:
نام و نام خانوادگي: تلفن همراه: استان محل سکونت: تلفن ثابت-نام شهر:
درخواست مشاوره، پيام يا پرسش شما:
اگر بیمه عمر دارید اینجا کلیک کنید   پرداخت آنلاین اقساط بیمه نامه    عضویت در خبرنامه
کانال تلگرام بهترین بیمه عمر